Paul Schaeffer, managing director, Strategy & Thought Leadership, at alternative mutual fund shop Forward, is calling it quits after more than five years on the job, Money Management Executive has learned.

Shaeffer started his latest post at Forward in August 2010.

According to Schaeffer, he is excited about spending more time in his new endeavor: chairman of the board of the Pop!Tech, which is "dedicated to investigating, prototyping and growing social innovations” ranging from mitigating the effects of climate change to providing access to mobile services in the developing world. Shaeffer joins five-time Grammy-winner, singer and songwriter John Legend on the company’s board.

Schaffer also said he is working on a portal “for financial services geeks like me to communicate, innovate and collaborate.”

A spokesperson for Forward told MME that Schaeffer will stay on as a "strategic consultant" and that Charlene St. John, Forward's vice president of marketing, will assume some of Schaeffer's previous duties.  

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