Scout Investments Names Head of Marketing

Michael Hedstrom to Guide Firm’s Branding and Marketing Communications Efforts

KANSAS CITY, Mo.--(BUSINESS WIRE)--Scout Investments (Scout) announced today that it has appointed Michael Hedstrom as senior vice president of marketing, a new position for the firm. Hedstrom joined Scout on February 28, 2011, and will serve on the firm’s leadership committee, reporting to David Lubchenco, executive vice president of distribution.

“We’re pleased that Michael is joining our team in a role that’s critical to our continued growth”

Hedstrom has significant marketing, communications, and product management experience in the financial services industry. Prior to joining Scout, he served as the director of marketing for Ameriprise Advisor Services, Inc., and formerly was the head of marketing for H&R Block Financial Advisors. He spent 13 years in product marketing and development positions at ING and American Express Financial Advisors.

In his new role, Hedstrom will direct marketing strategy, develop product and distribution support, and manage client communications for the $20 billion institutional asset management firm. He will also be responsible for implementing Scout’s previously announced rebranding efforts, which will include industry advertising, local sponsorships, and conference opportunities.

“We’re pleased that Michael is joining our team in a role that’s critical to our continued growth,” said Lubchenco. “Michael’s years of experience as an investment marketing professional will help guide our strategic expansion.”

Hedstrom received a master’s of international management degree from the University of St. Thomas and a bachelor’s degree in economics from Bethel University. He holds FINRA Series 7, 24, 63, and 66 registrations.

About Scout Investments

Scout Investments, Inc. headquartered in Kansas City, Mo., offers equity and fixed income investment management strategies for institutions and individual investors through separate accounts and mutual funds.

Domestic large cap, mid cap, small cap, international, international small/mid-cap, and global equity portfolios are offered through Scout Investments. Fixed income portfolios in core plus, core, intermediate, long duration, low duration, absolute return and real return (TIPS) are offered through Scout’s fixed income division, Reams Asset Management.

Scout is the investment subsidiary of UMB Financial Corporation (NASDAQ:UMBF). Additional information can be found at www.scoutinv.com. “Scout” and the “Scout” design are registered service marks of UMB Financial Corporation.