NICSA Announces the Election of Chairman, Vice Chairman and New Directors to its Board

Contact:  Ellen Weinraub
Marketing Director, NICSA

Boston, MA—May 20, 2010—NICSA announced, at the trade-association’s annual General Membership Meeting, the election of Michael J. Woodall, Managing Director, Mutual Fund Shareholder Services of Putnam Investments as Chairman of its Board of Directors.

Michael Woodall is Managing Director and Head of Mutual Fund Shareholder Services, for Putnam Investments, where he is responsible for providing an array of client services to retail advisors, broker dealers and shareholders. Under Michaels leadership, Putnam has been recognized across the industry for its award-winning service and dedication to clients and investors. Prior to his current role, Michael led Putnams Enterprise Services and Business Planning and Development. A 25-year financial services industry veteran, Michael serves on the ICI Operations Committee and the DTCC Wealth Advisory Board. He has served on NICSA’s Board of Directors since 2005.

“I am very honored to be assuming this important industry leadership role. Under the thoughtful stewardship of President Theresa Hamacher and outgoing Board Chair Maureen Leary-Jago, NICSA has been able to redefine its operating model and further increase its relevance to the asset management business," said Woodall. "We have a tremendous opportunity to even further strengthen the presence and role that NICSA plays in championing the operational and service excellence of our industry and I look forward to working with the staff and board toward that end.”

Nimish S. Bhatt, Senior Vice President & Director of Operations of Calamos Investments was elected Vice Chairman. Nimish is responsible for accounting, operations and administration of open-end funds, closed-end funds, hedge funds, UCITS, separately managed accounts, institutional accounts, private client accounts and quality assurance. Mr. Bhatt also serves as Chief Financial Officer for Calamos Family of Funds and as an officer of Calamos Asset Management, Inc. (NASDAQ:”CLMS”).

Nimish has over 25 years of experience in accounting, administration and tax-related issues in the financial services industry. He is a member of the Investment Company Institute’s Accounting/ Treasurer and Operations Committee. He also serves as a member of the board of directors of Calamos Global Funds, plc and has served on NICSA’s Board of Directors since 2006.

Also at the annual General Membership Meeting in Boston, NICSA elected the following industry executives to its Board. Each will serve for a six-year term.

Anmarie Ciccolo
Anmarie is currently the Chief Compliance Officer, Senior Vice President, for Fidelity’s Transfer Agent. She has held various legal and compliance roles in her 30 years with Fidelity. While in the Legal department she ran the Compliance and Regulatory Response Group that was responsible for providing legal services to Fidelity’s Broker Dealers, Transfer Agents and Risk and Compliance Oversight groups.

She was the also the Chief Legal Officer and Principal Compliance Officer for Fidelity’s retail transfer agents for 15 years, and Vice President, Associate General Counsel for Fidelity’s Legal Product Group that is responsible for the prospectuses, statements of additional information, and proxies for all of Fidelity’s funds for 3 years.

Robert G. Groth
Bob joined SEI in 1994 after serving four years as a Lieutenant in the United States Navy. He has extensive experience in all aspects of the investment management business including mutual fund operations, accounting, administration, compliance, marketing and distribution; hedge fund and private equity fund administration; and separate account processing.

His expertise is working with SEI’s clients to build effective strategic outsourcing relationships. Bob is based in San Francisco, CA and is responsible for SEI’s Investment Management Services business in the Western United States which includes some of SEI’s largest and most complex relationships. Bob has also represented SEI as the Co-Chair of NICSA’s West Coast Committee.

James M. Keenan
Jim Keenan is Senior Vice President and Department Head in the Investment Services area of State Street Bank & Trust. His department provides custody, fund accounting and daily valuation services for clients with approximately $700 billion of assets. Prior to joining State Street, Jim worked at PFPC, Inc. where he held the position of Vice President and Director, Fund Accounting and Administration and at Investors Bank & Trust where he was a Senior Client Manager and Vice President.

Jim is on the Board of Directors of Mutual Funds Against Cancer. He is a member of the NICSA’s East Coast Committee as well as their Annual Conference Committee.

NICSA is the leading provider of independent education and networking forums to professionals in the global investment management community.

NICSA was established in 1962 as a forum for operations and shareholder servicing professionals in the mutual fund industry. Today, NICSA is a network of nearly 10,000 business professionals from within the investment management industry and the firms that support the industry, including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services. The Association consists of more than 250 corporate member firms with over 600 member offices operating in major financial centers around the world.

NICSA offers the most comprehensive range of services in the industry, allowing members to learn, network and share best practices locally, nationally and globally.

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