American investment management firm Manning & Napier has named Paul Battaglia, Jr. as its new CFO.

In the new role, Battaglia will report to the Office of the CEO, the investment management firm said.

Prior to the new appointment, Battaglia was vice president of finance at Manning & Napier. He also served as the firm’s product seeding committee chairman and previously managed the strategic planning, budget, financial reporting, and investor relations at the firm.

Prior to joining Manning & Napier in 2004, he was an audit associate at PricewaterhouseCoopers.

Manning & Napier co-CEO and president Jeff Coons said: “Paul has been a dedicated executive who has added value throughout the firm during his 14 year tenure. He played an integral role during and after the Company’s IPO, and more recently has overseen the firm’s investor relations function. Paul represents the next generation of leaders we have at the firm, and we are excited for his future contributions as we continue to execute on our long-term growth strategy.”

Meanwhile, Manning & Napier also announced the retirement of its principal financial officer, chief accounting officer, and treasurer, Beth Galusha.

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Galusha has been working at the firm for over three decades. She will step down in May this year, until which she will serve in an advisory role.

“Beth has been an invaluable financial executive serving in many roles since joining the Company in 1987. She has worked closely with Paul for more than 14 years leading to this successful transition,” Coons stated.