Rittenhouse Financial Services has hired Roger Early, former ABS portfolio manager at Delaware Investments, as its new v.p. investment-grade portfolio manager and market strategist. Early will report directly to John Waterman, chief financial officer of Rittenhouse, a Radnor, Pa.-based firm affiliated with Nuveen Asset Management. Based in Chicago, Nuveen has $61 billion under management.
Early, who reported to Delaware's CIO, Jude Driscoll, declined comment on his motivations for switching jobs, other than to say it was a "good opportunity." He adds that his new firm has created the position due to growth in assets under management in this area. A spokesman at Delaware says Early's position will not be filled. He says that, for now, his duties have been taken over by several portfolio managers.