HORSHAM, Pa.--(BUSINESS WIRE)--Penn Mutual Asset Management, LLC, – (PMAM), a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company, is pleased to announce the appointment of Sean McTernan to Director of Business Development. In the newly created role, McTernan will drive the firm’s institutional sales efforts for its private fund and other custom fixed income strategies.
McTernan joins the team as PMAM looks to grow its foothold in the institutional asset management market. He will be responsible for prospecting and developing new relationships with family offices, insurance company general accounts and institutional consultants, while overseeing and managing new and existing client relationships. He will also work across internal business lines to create cross-selling opportunities and collaborate with these teams to further penetrate desired distribution channels.
“Through his career, Sean has shown an ability to develop and execute sales strategies in the retail and institutional markets, and his innovative thinking and depth of experience complements the PMAM approach to business, collaboration and culture,” said PMAM President and Chief Marketing Officer Keith Huckerby. “We look forward to having Sean spearhead our growth as we look to the future of the firm.”
At his previous firm, McTernan served as a managing director and head of sales, where he was responsible for the distribution of mutual funds, separate accounts and UCITS strategies. He was also actively involved in the firm’s operating committee where he executed strategy, product development and marketing. Earlier in his career, McTernan served as a regional vice president. He is a graduate of Gettysburg College where he holds a B.A. in economics.
About Penn Mutual Asset Management
Penn Mutual Asset Management, LLC (PMAM), a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company, is focused on risk-based institutional asset management, advisory and fund operation services. The firm is dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process.
With over $21 billion in total assets under management, PMAM is committed to executing on its core asset management competencies, which include total return-based investing, advisory services and expertise in alternative asset investing. The firm tailors its proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achieve each client’s strategy and goals.