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Wayne, Penn. – November 19, 2024
Hartford Funds, a leading global asset manager, today announced that Jonathan Mackay has been appointed to the role of Head of Distribution, effective December 2, 2024. Mackay will drive sales strategy and oversee the firm’s external and internal sales teams. He will report to Greg Frost, who will step into the role of President on January 1, 2025, following current President Jim Davey’s retirement at the end of the year.
Most recently Head of Wealth, U.S. Client Group at Schroders – a global investment management firm with $1.042 trillion in assets under management*– Mackay brings more than 25 years of industry experience and investment expertise to his new role. Schroders has served as a strategic partner and sub-adviser to Hartford Funds since 2016.
“I’ve known and collaborated closely with Jon for nearly a decade, and have witnessed his ability to motivate teams and drive meaningful results,” said Frost, who has served as Chief Financial Officer at Hartford Funds since 2012. “Jon joins the firm with a deep background about the industry, our products, and, importantly, strong relationships across our sales organization.”
In addition to distribution strategy, Mackay will work closely with Hartford Funds’ sub-advisers, Wellington Management and Schroders, to ensure ongoing education and support for the firm’s sales teams.
“Jon is an exceptional leader with depth of experience driving sales and delivering outcomes for clients, and is well positioned to lead Hartford Funds’ sales efforts. We are delighted to see Jon progress his career with one of our strategic partners and look forward to continued collaboration with Jon in his new role,” said Schroders CEO of the Americas Phil Middleton.
Mackay has extensive experience across investments, distribution and strategy. Prior to joining Schroders in 2016, he served as a Senior Market Strategist at Morgan Stanley, where he produced research on global market trends and investor behavior and was responsible for strategic and tactical asset allocation and providing thought leadership for clients and prospective clients. Earlier in his career, he held strategist and analyst roles with Citigroup Smith Barney, and began his career as an analyst at Emerging Markets Securities LLC. Mackay holds a bachelor’s degree from Brown University.
To learn more about Hartford Funds, visit hartfordfunds.com.
*As of 6/30/24, Schroders refers to Schroders plc and its affiliates.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading asset manager, which provides mutual funds, ETFs, and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with leading experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior.
The firm’s product line-up includes more than 65 mutual funds and ETFs in a variety of styles and asset classes. Its mutual funds (with the exception of certain fund of funds) are sub-advised by Wellington Management or Schroder Investment Management North America Inc. The strategic beta ETFs offered by Hartford Funds are designed to help address investors’ evolving needs by leveraging a unique risk-optimized approach, which identifies risks within each asset class and then deliberately and systematically re-allocates capital toward risks more likely to enhance return potential. Excluding affiliated funds of funds, as of September 30, 2024, Hartford Funds’ investment advisory business had approximately $142.4 billion in discretionary and non-discretionary assets under management. For more information about our investment family, visit http://www.hartfordfunds.com.
About Schroders
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with $1.042 trillion of assets under management of September 30, 2024. As a UK listed FTSE100 company, Schroders has a market capitalization of circa over $7 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
HIG-W
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2023 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the "Email Alerts" section at http://ir.thehartford.com.
Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the fund's prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS.
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