Thomas F. Eggers was named president and CEO of Scudder Investments, replacing Mark Casady, who was named head of retail mutual funds after Scudder was acquired by Deutsche Asset Management in April. Mr. Eggers will report directly to William N. Shiebler, Deutsche’s new CEO of the Americas, and will oversee all investment management activities in the mutual fund division.
Mr. Eggers was president of the Dreyfus Corp. and chairman and CEO of Dreyfus Service Corp. Michael G. Millard will replace him in both roles. Mr. Millard was president of Dreyfus Investments; executives there are evaluating whether that position will be filled or eliminated, said Patrice Kozlowski, a Dreyfus spokeswoman.
Mr. Casady is leaving Deutsche/Scudder to become COO of LPL Financial Services, a brokerage firm. He assumes the job on May 28 from David Butterfield, who was both COO and president. Mr. Butterfield will remain as president.
