Heppenstall and Huckerby take on new leadership roles
HORSHAM, Pennsylvania., November 16, 2021 / PRNewswire / – Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces that Mark Heppenstall was appointed President and Chief Investment Officer of Penn Mutual Asset Management (PMAM) and Keith huckerby will assume the role of President of Penn Series Funds as well as Senior Managing Director and Chief Operating Officer of PMAM. Along with these changes, Dave O’Malley will be Chairman of the Board of PMAM and Chairman of Penn Series Funds. These changes take effect on January 1st, 2022.
PMAM, with more than $ 33 billion in assets under management, is one of three business lines within Penn Mutual. PMAM is responsible for managing the assets of the insurance company in addition to serving other institutional clients.
“Under Mark and Keith’s leadership, PMAM and the Penn Series funds have consistently delivered strong results and performance,” said Dave O’Malley, President and CEO-elect of Penn Mutual. “We are confident that the continued leadership of Mark and Keith will continue to advance PMAM’s value-driven approach to serving the institutional market by offering client-focused investment solutions and services. “
Heppenstall joined PMAM in 2014 and has over 30 years of experience managing fixed income assets for institutional investors. He graduated from Vanderbilt University with a Bachelor of Arts in US History and a Master of Science in Industrial Administration from the Tepper School of Business at Carnegie Mellon University. Heppenstall has been a Chartered Financial Analyst (CFA) since 1991.
Huckerby has held numerous roles with Penn Mutual and PMAM for over 25 years. As COO of the Institutional Asset Manager and President of Penn Series Funds, he is responsible for overseeing all day-to-day operational and administrative functions of the companies. He graduated magna cum laude from Saint Joseph University with a Masters of Business Administration in Finance. He also obtained a bachelor’s degree in marketing.
About Penn Mutual Life Insurance Company
Penn Mutual helps people become stronger. Our expertly designed life insurance is essential to long-term financial health and strengthens people’s ability to enjoy every day. In collaboration with our trusted network of finance professionals, we have a long-term vision, creating personalized solutions for individuals, their families and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary Hornor, Townsend & Kent, LLC, a FINRA / SIPC member. Visit Penn Mutual at www.pennmutual.com.
About Penn Mutual Asset Management
Penn Mutual Asset Management, LLC (PMAM) is an institutional asset management company located just outside of Philadelphia, Pennsylvania. With over $ 33 billion of total assets under management at September 30, 2021, the company is committed to serving the institutional market by offering investment solutions and client-focused services. These solutions are accessible through separately managed accounts, private funds and institutional mutual funds.
Since 1989, the company has been dedicated to creating value through a careful, thoughtful and rigorous investment decision-making process. As a fixed income specialist, PMAM adapts its proven approach with the goal of generating strong risk-adjusted returns, while balancing the need for capital preservation to achieve each client’s strategy and goals.
© 2021 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, Pennsylvania 19044
Contacts:
Jeff Leinen
Penn Mutual
215-956-8530
leinen.jeff@pennmutual.com
Kristin Vassalotti
Penn Mutual Asset Management
215-956-8188
vassalotti.kristin@pennmutualam.com
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SOURCE Penn Mutual Life Insurance Company
