Bob Doll Named CIO of Faith-Based Boutique Firm
After a career of 41 years, Bob Doll apparently took three months of retirement. The former chief equity strategist at Nuveen Asset Management, owned by TIAA, who retired in March, has been selected as the new chief investment officer by devout investment manager Crossmark Global Investments.
After four decades with companies like BlackRock, Merrill Lynch and OppenheimerFunds Inc., Doll announced his resignation in March, but it wasn’t long before he was lured back into the workforce. In the newly created CIO position, Doll will lead Crossmark’s investment team and be responsible for growing and expanding the company’s investment product offering with an emphasis on several new actively managed products. He will also publish a weekly investment commentary on the Crossmark website called “Doll’s Deliberations”.
“We are very excited to welcome Bob as our new chief investment officer,” said Mike Kern, President and CEO of Crossmark Global Investments, in a statement. “He is a powerhouse and thought leader in the investment community and will bring his outstanding 41-year track record to our investment team here at Crossmark.”
Prior to Nuveen, where he managed the large-cap stock series, Doll was Chief Equity Strategist at BlackRock and prior to that, President and CIO of Merrill Lynch Investment Managers. Prior to joining Merrill Lynch, he was CIO of OppenheimerFunds Inc.
Doll is best known for his annual list of 10 predictions, which he has published for three decades. In his forecasts he predicts topics that will move markets, monetary policy and the economy. Doll will be based out of a new office in Princeton, New Jersey, where he lives, working closely with Chief Market Strategist Victoria Fernandez and reporting directly to Kern.
“I am excited to join a company that maintains its investment products to a high ethical standard and embeds its values into its overall business model,” said Doll in a statement. “It is rare to encounter such a unique culture and I look forward to continuing my path in this industry in a way that is also meaningful for the common good.”
Doll graduated from Lehigh University with a BS in Accounting and a BA in Economics and an MBA from the Wharton School of the University of Pennsylvania.
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Tags: BlackRock, Bob Doll, Crossmark Global Investments, Merrill Lynch Investment Managers, Mike Kern, Nuveen, OppenheimerFunds, Victoria Fernandez