I.P. (Kip) Knelman, CEO of Investment Advisers Inc., has resigned. Mr. Knelman was on vacation and unavailable for comment on why he left, but a statement from the company said he resigned to devote more time to his family.
Roy Charles Gillson was named CEO; he also will retain his duties as chief investment officer. John Adam Alexander was named COO; he was a senior vice president for Lloyds Bank in Miami.
Investment Advisers is a wholly owned unit of Lloyds TSB Group