Waddell & Reed Financial Names Derek Burke President Of Waddell & Reed, Inc.

(RTTNews) - Waddell & Reed Financial, Inc. (WDR) announced the appointment of industry veteran Derek Burke as president of Waddell & Reed, Inc., the firm's broker/dealer, which encompasses the operations of its national network of financial advisors and is also known as Waddell & Reed Financial's "Advisors Channel."

Commenting on Burke, the company said that most recently he was CEO of First Investors Advisory Services, LLC, and president of First Investors Management Company. He also brings experience from executive roles at UBS Wealth Management and New York Life Investment Management, LLC, and from other roles as a chief compliance officer, chief operations officer and as a regulator with the Securities & Exchange Commission or SEC.