Alge succeeds E. Blake Moore Jr., slated to retire mid-year
Touchstone Investments (“Touchstone”), known for its Distinctively Active mutual funds and exchange traded funds (ETFs), announced that Benjamin Alge, president of Touchstone, will assume leadership of the company following the mid-year retirement of E. Blake Moore Jr., who has served for five years as chief executive officer with more than 30 years in the investment management industry. Alge has worked alongside Moore for the past year to ensure a smooth transition.
During Moore’s five-year tenure, Touchstone’s assets under management grew from $17.4 billion to almost $30 billion. The firm also entered the ETF market, launching 10 actively managed ETFs, and in 2021 completed its acquisition of select assets of AIG Life & Retirement’s Retail Mutual Funds business, with assets of $6.8 billion reorganized and merged into existing or newly created Touchstone funds.
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“We are grateful for Blake’s passion, dedication and leadership in guiding Touchstone through a tremendous period of growth,” said John F. Barrett, chairman, president and chief executive officer of Touchstone’s parent company, Western & Southern Financial Group. “Ben has been a key part of the company’s success as well, and the Board and I believe his deep knowledge of our business, industry expertise, and proven track record make him the ideal person to lead Touchstone.”
“I’m privileged to have had the opportunity to lead Touchstone through five years of growth and change,” Moore said. “From new sub-adviser relationships and funds to our expansion into the ETF marketplace, our team lives our Distinctively Active brand every day, and that is reflected in our Funds, ETFs, and the way we work with clients.”
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“Ben brings nearly two decades of experience within Western & Southern and Touchstone, and he has demonstrated strong leadership qualities and a deep understanding of our clients’ needs. He is a terrific example of homegrown talent and a worthy testament to the outstanding culture within Western & Southern’s family of companies.”
“I am honored to lead Touchstone through its next phase of growth, and I look forward to reinforcing what makes us Distinctively Active in an increasingly crowded marketplace,” Alge said. “Having spent my career here, I know how special this team and our offerings are, and we have an excellent foundation to build upon in expanding and innovating our product suite to meet the evolving needs of our clients.”
Prior to his appointment as president, Alge served as the company’s divisional vice president and assistant vice president of product management and investment strategy, where he played a key role in the development and implementation of Touchstone’s practice consulting program.
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Prior to joining Touchstone in 2013, Alge completed Western & Southern’s Leadership Development Program, gaining broad experience across the organization and building a deep understanding of the business. He holds a CFA Charter and an MBA from the University of Notre Dame.
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Source – Businesswire
