MutualFundWire.com: Delaware Names New Fund Head
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Thursday, August 5, 1999

Delaware Names New Fund Head


Philadelphia-based Delaware Investments announced today that David Downes has been named president and chief executive officer of the Delaware Mutual Funds, replacing Delaware Investment's former chief executive officer, Jeff Nick, who left in June. The company has not yet found a replacement for the chief executive officer position at Delaware Investments.

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    • Downes, who is also executive vice president and chief operating officer, has been at Delaware since 1992. He is responsible for Delaware Investment's financial, strategic planning, human resources, legal and other operations functions, including systems and the company's transfer agent.

    Prior to joining Delaware, Downes was vice chairman, chief financial and administrative officer of Equitable Capital Management Corporation, an investment subsidiary of Equitable Life.

    Delaware Investments had approximately $48 billion in assets under management as of June 30, 1999.


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