DST Systems has elected Travis E. Reed to its board, following the retirement and resignation of James Castle. Reed is founder and president of Reed Investment Corp. He began his career at Lockheed Aircraft and North American Aviation and has held executive officer positions at Geothermal Resources International, Commercial Aircraft Leasing Corp., and Systems Capital Corp.

Reed also served as U.S. assistant secretary of commerce under President Gerald Ford and led the commerce department's domestic and international business administration.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.