Ziegler Capital Management will purchase Lotsoff Capital Management for an undisclosed amount, Pensions & Investments reports. The president and CEO of Ziegler, Scott Roberts, will continue in his role in the combined entity. Lotsoff’s CEO, Joseph Pappo, will be managing director and senior portfolio manager on the equity side, while the firm’s CIO, Donald Reid, will become co-CIO of the equity group at Ziegler with Donald Nesbitt. Lotsoff’s management may acquire a stake in Ziegler.
Click here for the story from Pensions & Investments.