Kayne Anderson Rudnick Investment Management has announced the appointment of Doug Foreman as co-chief investment officer, effective January 1, 2013. He will also become a member of KAR’s executive management committee.
In his new role, Foreman will share responsibility for leadership of KAR’s equity team and investment operations with Robert Schwarzkopf, chief investment officer since 2007. He began in July 2011 as director of equities, a role he will continue to hold, and he will continue to report to Schwarzkopf.
Before joining KAR, Foreman was director of equities at HighMark Capital Management for two years following ten years as group managing director and chief investment officer at Trust Company of the West (TCW). He began his investment career in 1986 at Putnam Investments where he was an equity research analyst for three years and a portfolio manager for five years. -PR Newswire