Associated Banc-Corp (NASDAQ:ASBC) recently announced that R. Jay Gerken has been appointed to Associated's Board of Directors.
Gerken, 63, is a director of 18 mutual funds with approximately $30 billion in assets associated with Sanford C. Bernstein Fund, Inc. Mr. Gerken served as the President and Chief Executive Officer of Legg Mason Partners Fund Advisor, LLC from 2005 until June 2013. During that period, he was also the President and a director of the Legg Mason and Western Asset mutual funds with combined assets in excess of $100 billion. Previously, Mr. Gerken served in a similar capacity at Citigroup Asset Management Mutual Funds from 2002 to 2005.
"Jay's background will serve our board well," said Associated's Chairman, William R. Hutchinson. "We are delighted to have someone with Jay's depth of experience as a director," added Associated's President and Chief Executive Officer, Philip B. Flynn.