Capital Allocators – Inside the Institutional Investment Industry Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)
Dec 15, 2022
Carol Geremia, President and Head of Global Distribution at MFS Investment Management, has spent 37 years with the firm, shaping its client strategy and corporate vision. She shares insights on MFS's rich 100-year legacy and its adaptive culture, emphasizing the importance of collaboration and long-term investment strategies. Carol discusses the industry's evolving landscape, tackling current challenges like geopolitical uncertainties and the rise of ESG investing. She also reflects on personal growth, trust in leadership, and the need to challenge traditional investment practices.
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Early MFS Impression
- Carol Geremia's MFS journey began with a newspaper job ad in 1984, not specifically targeting MFS.
- Her initial impression was marked by the exceptional kindness of the people she encountered.
Client First Example
- MFS chose to close a successful product to protect existing shareholders' performance.
- This demonstrated their commitment to client prioritization over business growth.
Career Progression
- Carol Geremia's career path at MFS spanned various roles, from entry-level phone support to leadership in retirement services and institutional business.
- Her expertise in 403B plans propelled her into retirement services, then institutional business, and ultimately, global distribution leadership.