Victory Capital to Move Headquarters to San Antonio, Texas
10 Januar 2019 - 6:15PM
Victory Capital (NASDAQ: VCTR) today announced that it will move
its corporate headquarters from Cleveland, Ohio, to San Antonio,
Texas. David Brown, Chairman and Chief Executive Officer for
Victory Capital, will be relocating to San Antonio along with
several other senior level executives.
Headquartering in San Antonio offers Victory
Capital the opportunity to cost-effectively build out its
operational infrastructure while also recruiting and maintaining
top talent. The decision follows Victory Capital’s announcement of
its planned acquisition of San Antonio-based USAA Asset Management
Company.
“San Antonio will play an important role in the
future growth of our organization. It will enhance our ability to
access new pools of talent and further develop the technology and
operational platforms that support our integrated multi-boutique
business model,” said Mr. Brown.
San Antonio was recently ranked as the “fastest
growing city in the nation” for population growth by the U.S.
Census Bureau and it ranks at the forefront of several key
industries, including financial services, according to the San
Antonio Economic Development Foundation (“SAEDF”). Information from
the SAEDF also cites the strong pool of talent in the city, which
includes 160,000 students at 20 different area colleges,
universities and research institutions.
“Victory Capital’s decision to make San Antonio
its headquarters reinforces the benefits that our city and state
have to offer major employers from both a business environment and
quality-of-life perspective,” said Jenna Saucedo-Herrera, CEO of
the SAEDF. “We are proud to be a city of choice for major employers
such as Victory Capital.”
“We believe that San Antonio offers our
employees the opportunity to live in an innovative and culturally
rich city with an exceptional climate and competitive cost of
living,” Mr. Brown added. “We are excited to join the
community.”
Victory Capital plans to maintain a significant
presence in Cleveland. Additionally, it has nine other offices in
the U.S. and three outside the U.S. that will not be impacted.
Victory Capital expects to open its San Antonio
headquarters in mid-2019.
The acquisition of USAA Asset Management Company
is expected to close in the second quarter of 2019, and is subject
to regulatory and other customary approvals, conditions and
consents, including approval by USAA mutual fund and ETF
shareholders and Board of Trustees.
About Victory
Capital
Victory Capital is a global investment
management firm operating a next-generation, integrated
multi-boutique business model with $52.8 billion in assets under
management as of December 31, 2018.
Victory Capital’s differentiated model is
comprised of nine Investment Franchises, each with an independent
culture and investment approach. Additionally, the Company offers a
rules-based Solutions Platform, featuring the VictoryShares ETF
brand, as well as custom and multi-asset class solutions. The
Company’s Investment Franchises and Solutions Platform are
supported by a centralized distribution, marketing and operational
environment, in which our investment professionals can focus on the
pursuit of investment excellence.
Victory Capital provides institutions, financial
advisors and retirement platforms with a variety of asset classes
and investment vehicles, including separately managed accounts,
collective trusts, mutual funds, ETFs, UCITs and UMA/SMA
vehicles.
For more information, please visit
www.vcm.com. Go to www.victorysharesliterature.com for ETF
prospectuses or www.victoryfundliterature.com for mutual fund
prospectuses.
Contacts
Tricia Ross,
310-622-8226tross@finprofiles.com
Victory Funds are distributed by Victory Capital
Advisers, Inc. (VCA). VictoryShares ETFs are distributed by
Foreside Fund Services, LLC. Victory Capital Management Inc. (VCM)
is the adviser to VictoryShares ETFs and Victory Funds. VCM and VCA
are affiliated. They are not affiliated with Foreside Fund
Services, LLC.
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