First Eagle Investment Management Hires Sales Leader to Help Deliver Alternative Investment Solutions to Retail Market
NEW YORK, March 10, 2021—First Eagle Investment Management, LLC (“First Eagle”) is pleased to announce that Jack Snyder, Jr., has joined the firm as National Sales Manager, Wirehouse and RIA Channel, and Head of Retail Alternative Sales. He reports to Head of Retail Distribution Robert Bruno.
Snyder joined First Eagle from Nuveen Investments, where he spent the better part of a decade as a Managing Director overseeing 18 cross-channel advisor consultants responsible for distributing a diverse range of investment strategies and vehicles in the firm’s East Region. He also led Nuveen’s closed-end fund sales efforts during his time there. Prior to moving into a leadership position at Nuveen, Snyder was a top producer for Sun Life Financial and The Hartford. He began his career in the mutual fund and annuity group at Smith Barney after earning a BS in business administration from Salisbury University.
“Jack brings an impressive record of working with financial intermediaries and leading high-performing sales teams to deliver sophisticated investment strategies to customers,” said Bruno. “Having Jack on board reinforces our commitment to financial intermediary partners, particularly in the growing alternative credit space. We believe alternative credit can serve as an attractive source of meaningful, sustainable income in a market hungry for it. Jack’s broad-based expertise, including his background in closed-end funds, will prove invaluable as we look to provide intermediaries with the differentiated investment solutions needed to achieve their clients’ goals.”
“First Eagle has a legacy of offering retail investors compelling strategies designed to help prevent the permanent impairment of capital and grow real wealth,” said Mehdi Mahmud, President and Chief Executive Officer of First Eagle. “In a world where public fixed income is neither a safe haven nor a source of income, we believe many retail investors can benefit from exposure to prudently underwritten credit strategies. The Alternative Credit team at First Eagle has a long, distinguished record serving sophisticated institutional investors worldwide, and I expect Jack will leverage this platform to address retail investors’ need for sustainable income.”
Located at First Eagle’s new satellite office in Miami (scheduled to open in April 2021), Snyder will lead a team of 16 wholesalers responsible for distributing First Eagle’s investment products to financial advisors at wirehouses and registered investment advisors across the United States.
Snyder will partner closely with other leaders of the firm’s Retail Distribution effort. This includes Robert Milliman, National Sales Manager, Independent Channel, who two years ago was tapped to head this newly created distribution segment for First Eagle. Milliman has seen great success leading the team responsible for outreach to independent financial advisors nationwide, driven in part by his relentless commitment to developing and delivering value-add programs tailored to the specific needs of these advisors. It also includes Jim Cotchett, a 10-year veteran of First Eagle’s Retail Distribution team whose contributions to the business over the years have taken him from wholesaler to Eastern Divisional Sales Manager to his new role as Head of National Accounts. Other key internal relationships will include Pete Monty, who as Western Divisional Sales Manager reports to Snyder, and Briana Fisher, who was recently promoted to Deputy Head of National Accounts reporting to Cotchett.
“I am excited to join First Eagle as a member of the Retail Distribution team,” said Snyder. “I look forward to working closely with Robert Bruno, Robert Milliman and all of my new colleagues to represent First Eagle’s differentiated investments solutions in the marketplace and to deepen First Eagle’s already strong relationships with financial intermediaries nationwide.”
ABOUT FIRST EAGLE INVESTMENT MANAGEMENT
First Eagle Investment Management is an independent, privately owned investment management firm headquartered in New York with approximately $109 billion in assets under management as of December 31, 2020. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. Over a long history dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information on First Eagle, please visit www.feim.com. For information on the Alternative Credit team at First Eagle, please visit www.feac.com.
First Eagle Investment Management is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers. First Eagle Alternative Credit is the brand name for those subsidiary investment advisers engaged in the alternative credit business.