Rydex Global Advisors., the investment advisor to the 33 Rydex funds, has named Michael Carpenter national sales manager for the broker/dealer channel. His hire is part of Rydex's recent initiative to expand support for and win additional broker/dealer clients, according to the firm. Carpenter will report to Louis Foran, Rydex's executive vice president of sales and marketing.
Carpenter was previously executive vice president and national sales manager for IDEX Mutual Funds, where he was responsible for the fund family's national sales team and client relationship management with key brokerage firms. Prior to that, he served as national sales manager for both MFS Retirement Services and John Hancock Funds.