News & Commentary

Harbor Capital Advisors Names New Distribution Head

Harbor Capital Advisors, the investment adviser to the Harbor Funds family of no-load actively managed mutual funds, today named John S. Halaby as Executive Vice President and Head of Distribution. Mr. Halaby, who will be based in the firm's Chicago headquarters, will report to Harbor Capital Advisors President Kristof Gleich once the appointment becomes effective on August 5, 2019. Mr. Halaby was also named as President of Harbor Funds Distributors.

Mr. Halaby joins Harbor Capital Advisors from T. Rowe Price Associates, Inc., where he spent over 17 years and most recently served as U.S. Intermediaries - Head of Financial Institutions Group. In this capacity, Mr. Halaby oversaw the distribution of the firm's products through banks, registered investment advisors (RIAs), retail platforms, custodians, and turnkey asset management platforms (TAMPs). Mr. Halaby also served on the leadership team overseeing the firm's intermediary distribution division and was a member of the firm's diversity and inclusion operating committee. He began his career at Scudder Kemper Investments.

"John has earned a reputation as a strategic, proven leader whose passion for both the business and his team has distinguished him throughout his career," said Charles F. McCain, CEO of Harbor Capital Advisors. "He is joining the firm at an exciting time in our history and will bring a fresh perspective in leading a deeply talented sales organization, while collaborating closely with other leaders in senior management to articulate evolving client needs and help shape new initiatives. We're incredibly thrilled to welcome John to the Harbor family."

In his new role, Mr. Halaby will oversee the firm's sales and marketing teams, located primarily in Chicago and Boston, with a focus on how Harbor Capital Advisors can best serve the evolving needs of investors. He will be counted on to help foster alignment between this changing investment landscape and Harbor Capital Advisors' suite of actively managed funds. He will also provide strategic direction on the development of investment products and the strengthening of partnerships with subadvisers to position Harbor Capital Advisors to capitalize on attractive new market opportunities over time.

Mr. Halaby is succeeding Hugh Kelly, who retired as part of a planned succession after 17 years of distinguished service at Harbor Capital Advisors.

"Hugh was a critical catalyst in establishing Harbor as a leading fund company by building out a professional distribution system to foster longstanding and trusted relationships with clients. I have relied upon Hugh's insights and counsel for many years and his invaluable contributions to the firm will not be forgotten," added Charles F. McCain. "After an accomplished career, we share in Hugh's excitement as he spends more time with family and traveling, pursues new board opportunities to share wisdom amassed over more than four decades in asset management, and continues his philanthropy to build on what is already a remarkable legacy."


About Harbor Capital Advisors

Harbor Capital Advisors, Inc. serves as the investment adviser to the Harbor Funds family of no-load, open-end mutual funds. Each Harbor fund is managed by an institutional investment firm selected by Harbor Capital Advisors, Inc. and approved by the Harbor Funds Board of Trustees based on the firm's experience in a specific asset class. Harbor Funds had combined net assets of approximately $47 billion as of March 31, 2019. Fees and expenses apply to an investment in Harbor Funds and are described in each fund's current prospectus.