UMB Fund Services announced that chief executive officer John Zader has retired. Tony Fischer has been promoted to president and Maureen Quill has been promoted to chief operating officer to fill the role.
Fischer previously served as executive vice president of business development. He has 31 years of fund industry experience, and joined UMBFS in 2008. He will provide overall organizational leadership, strategic development, fiscal management and business development. Fischer will report to Peter deSilva, chairman of UMBFS and president and chief operating officer of parent company UMB Financial Corp.
Quill previously served as executive vice president of fund services. She joined UMBFS in 1996 and has almost 30 years of fund industry experience. Quill is responsible for providing leadership, oversight, technology and resources to guide the smooth and efficient performance of the firm’s operational areas. She will report to Fischer.
“I have every confidence in Tony and Maureen and their ability to lead UMB Fund Services into the future as an integral part of UMB Financial Corp.,” deSilva said. “Both bring exceptional industry experience and commitment to delivering an excellent customer experience.”
UMB recently moved from its 76,000-square-foot space at 803 W. Michigan St. in downtown Milwaukee to an 88,000-square-foot space in the Schlitz Park office complex, at 235 W. Galena St. in Milwaukee.
It has 240 employees in the office and plans to add another 100 over the next four to five. About 8,000 square feet of extra space is available for expansion in the space, and has not yet been finished, Quill said.
UMB Fund Services has grown 50 percent over the past five years, Quill said. The Milwaukee office had 165 employees five years ago, and now has 240.
UMBFS has designed its new space in a modern style to appeal to its mostly young staff. Recent college graduates are ideal hires, Quill said.
“(The space is) very innovative, it’s very modern, it’s very forward thinking, and that’s how we sell our business,” she said. “Our goal is to bring them in and give them a career, not just a job.”
The company also has 125 employees at its Ogden, UT facility, 30 at its Chadds Ford, Penn. location and 14 at its Kansas City office.
UMBFS is also open to making acquisitions as it actively grows the business, Quill said.
“This is an exciting time at UMB Fund Services as we continue to grow our product offerings and services, as well as our workforce,” Fischer said. “I am pleased to have the opportunity to help lead our continued growth and success.”