Andrew W. Bischel, CIO at SKBA Capital Management, was given the title of CEO. He replaces Kenneth J. Kaplan, who will continue as chairman. Joshua J. Rothe, director of research, was named to the additional position of president, succeeding Mr. Bischel.
Matthew D. Zuck was named to the new position of senior vice president and director of corporate development. He will continue his duties as senior portfolio manager and analyst.
Separately, SKBA Capital Management plans to introduce June 30 the SKBA Dividend Equity Fund and the Opportunistic Value Fund, both active domestic midcap to large-cap value equity funds. SKBA will serve as the sole adviser to the two funds. The Opportunistic Value Fund is pending SEC approval.
SKBA plans to market the dividend fund, a collective trust sponsored by SEI, to pension, foundation, endowment funds and other tax-exempt investors, Mr. Bischel said. It plans to market the opportunistic fund, a mutual fund, to defined contribution and other investors, he added.