BOSTON (CBS.MW) — Brian Reid has been promoted to chief economist at the Investment Company Institute, the mutual fund industry’s trade group said Tuesday.
Reid will replace John Rea, who after ten years at the ICI will retire at the end of the year.
Reporting to ICI president Paul Schott Stevens, Reid will head the ICI’s research department and oversee data collection and analysis of the $7.6 trillion mutual fund business.
“Brian Reid will be a leader on the Institute staff and a strong voice for the industry’s research efforts,” Stevens said.
Reid has been at the ICI since 1996 and previously served as a staff economist in the Monetary Affairs Division of the Federal Reserve Board.
“Tracking the industry and the views and behaviors of investors is critical as more and more Americans are relying upon mutual funds to achieve their retirement goals,” said Rea.
View more information: https://www.marketwatch.com/story/ici-promotes-reid-to-cheif-economist