WILMINGTON, Del., Feb. 8, 2013 /PRNewswire/ -- Brown Advisory, a leading independent investment management firm with approximately $33 billion in client assets, today announced the appointment of Porter Schutt and Bill Dugdale as Partners in Wilmington. Mr. Schutt will oversee the Wilmington office and leverage his expertise in global equities to help develop innovative solutions for private clients and nonprofits. Mr. Dugdale will be primarily responsible for the office's client service and advisory functions, while also sharing his investment expertise with the firm.
"At Brown Advisory, we are always looking for multi-talented professionals who have a client first mentality," said Michael D. Hankin, President and CEO. "Porter and Bill bring specialized market knowledge and perspective that will benefit our clients in Delaware and across the globe."
Schutt joins Brown Advisory from Marvin & Palmer Associates, Inc., a global equity management firm, where he was a Partner and Portfolio Manager for emerging markets and domestic large-cap growth equity portfolios. Prior to that, he spent four years in institutional sales for Peregrine Securities in Hong Kong before spending four years in Hong Kong with Goldman Sachs Asia. Schutt earned a B.A. from the University of Virginia. He serves as director or advisor for a number of nonprofit organizations, including Longwood Gardens, Delaware Wild Lands, the Open Space Council for the State of Delaware, the Chesapeake Bay Foundation, The Conservation Fund and the Brandywine Chapter of Ducks Unlimited.
Dugdale comes to Brown Advisory from Friess Associates, a Wilmington-based investment firm, where he most recently served as Client Relationship Manager and portfolio specialist. During his nearly 20-year tenure at the firm, Mr. Dugdale advised a diverse range of institutional, intermediary, and high net worth clients and was extensively involved in the investment management process, including eight years managing portfolios. Dugdale earned a B.A. from Cornell University. He serves on the board of the St Michael's School and Nursery, and is a past President of the Next Generation of The Delaware Community Foundation.About Brown Advisory Brown Advisory ( www.brownadvisory.com) is an independent investment management firm, with approximately $33 billion in client assets, with principal offices in Baltimore and Washington, D.C., as well as in Boston, Wilmington, Del., Chapel Hill, N.C., and London. The Firm's institutional and private clients are based in 49 states and 22 countries and are serviced by over 300 employees worldwide, all of whom are equity owners of the firm. SOURCE Brown Advisory