George U. Wyper was named managing director at Royce & Associates, following the acquisition of his firm, Wyper Capital Management.
Wyper Capital was merged with Royce on April 1, said Jack E. Fockler, a managing director with the Legg Mason-owned value equity boutique. Financial details of the merger aren’t being disclosed.
According to its latest filing with the SEC, Wyper Capital had client assets of $460 million as of September 2009, managed in value equity.
Dilip Badlani and Meena Mallipeddi, both analysts at Wyper Capital, have joined Royce as analysts. Todd Neufeld, who served as Wyper’s chief operating officer, joins Royce as a principal. Wyper client service specialists Lisa Hecht, Elizabeth Winslow and Kimberly DeLeon have taken similar roles at Royce.