Michael J. Clowes, editorial director of Pensions & Investments and sister publication InvestmentNews, on Wednesday received the Lillywhite Award from EBRI. Mr. Clowes joined Pensions & Investments in 1973. He shared the award with William Anthes, chief executive and president of the National Endowment for Financial Education. Mr. Anthes was president of the College for Financial Planning, Denver, from 1979 to 1992.
"It's incredibly flattering and a great honor because Ray Lillywhite was a great person, and to get an award named after him is quite astonishing," Mr. Clowes said. "To be recognized with Bill Anthes is also tremendously flattering."
The award was established by the Employee Benefit Research Institute, Washington, in 1992 to celebrate contributions by individuals who have had distinguished careers in the investment management and employee benefits field, and whose outstanding service enhances economic security. It is presented annually.
The award was named for Ray Lillywhite, who for decades guided state employee pension plans. Mr. Lillywhite retired from Alliance Capital in 1992 at age 80. He died last year.