Attrition and an effort to expand its equity management business have driven a spate of new hires at Calvert.

The company, which provides socially responsible mutual funds, recently hired a new wholesaler to service the broker-dealer market in the southwest. Jeanine Perkins, a former Paine Webber executive, was hired in late December to expand the firm’s distribution in the region.

More recently, Calvert began searching for a new VP of social research and policy. The firm is looking to replace Jon Lickerman who left Calvert late last year to spend more time with his family, said spokeswoman Elizabeth Laurienzo. Julie Gorte, a senior research analyst specializing in environment and technology issues, has filled Lickerman’s position in the interim. She is a leading candidate to take on the leadership role full time, Lorienzo said.

Laurienzo said the search for Lickerman’s replacement has been tabled for months because Calvert first wanted to fill a new post in its equity division. The firm hired Kemal Ahmed as its senior VP of equities. Kemal, who managed $4 billion in equity assets as a senior investment officer at World Bank, will oversee the firm’s equity sub-advisors. A group of support staff had previously managed those tasks.

The changes are largely the result of Calvert’s efforts to develop its equity business after it posted stellar gains last year with fixed-income products. Total sales were about $2 billion last year compared to $1.2 billion in 2000, making it a record sales year, Laurienzo said. Most of the gains came in fixed-income funds.

Still, Calvert posted gains of 16% in its equity sales. It added an index fund and acquired a large-cap growth product.

"We’re sort of beefing up our wholesaling effort … because our equity line is growing," Laurienzo said.

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