Morrow Sodali has announced that Vincent Di Costa, founder of Di Costa Partners, has joined the firm as head of strategic and solicitation services for mutual funds and Exchange Traded Funds (ETFs). Mr. Di Costa pioneered the development of customized fund services and has been the industry’s market leader for decades.
The combination of Morrow Sodali and Di Costa Partners creates a global service provider with expertise that covers the entire ownership population of public companies – institutions, owners in registered and street name accounts and beneficial owners in mutual funds and ETFs.
Mr. Di Costa said, “After 35 years in the industry, I am excited by the opportunity to expand our business in combination with Morrow Sodali. Our team’s knowledge and experience in the fund industry, together with Morrow Sodali’s global reach and our shared expertise in proxy solicitation, corporate governance, shareholder analytics, vote projections, market surveillance and strategic advice will enable us to provide a full-service package that meets the demands of today’s complex financial markets.”
Alvise Recchi, CEO of Morrow Sodali, said, “The vision behind this business combination is very much focused on the future and on the growing importance of retail investors. Together, Morrow Sodali and Di Costa Partners are equipped to reach the full spectrum of shareholders, regardless of whether their shares are registered, held in street name, or through mutual funds or ETFs. No other firm provides clients with this scope of expertise and services.”
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