David Benkert Elected Chairman of HighMark Funds Board of TrusteesDavid Benkert (Photo: Business Wire)
April 30 2008 - 9:00AM
Business Wire
David Benkert, a director with Navigant Consulting in Los Angeles,
has been elected chairman of HighMark Funds board of trustees.
Evelyn S. Dilsaver, former president and chief executive officer of
Charles Schwab Investment Management, Inc., and Earle A. Malm,
president and chief executive officer of HighMark Capital
Management, have also been elected to the board. HighMark Funds is
a nationally recognized family of mutual funds that is overseen by
a seven-member board of trustees. HighMark Capital Management, the
investment subsidiary of Union Bank of California, N.A., serves as
investment advisor and administrator to the Funds. Benkert joined
the HighMark Funds board in 2004 and most recently served as a
member of the audit committee. He succeeds Joe Jaeger, who retired
from the board after 20 years of service. Benkert currently serves
as a director in the dispute and investigations practice at
Navigant Consulting, where he specializes in litigation support and
investigations. During his 26 year career, Benkert has assisted
clients with damage calculations, forensic investigations, analysis
of financial solvency, financial forecasting and corporate
restructuring. He has worked with a wide variety of organizations,
including technology companies, healthcare organizations, hospital
providers and state governments. Dilsaver currently serves on the
boards of Aeropostale, Inc. and Longs Drug Stores Corp., where she
is a designated financial expert of the audit and finance
committee. She worked for Charles Schwab Corporation from 1991 to
2004, most recently serving in the role of president and chief
executive officer of Charles Schwab Investment Management. While
there, she also held the position of executive vice president,
chief financial officer and chief administrative officer for U.S.
Trust Company, then a Schwab subsidiary. Prior to Schwab, Dilsaver
held the position of senior vice president and controller for First
Nationwide Bank from 1983 to 1991. Earle A. Malm joined HighMark
Capital Management as president and chief executive officer in
2002. Prior to HighMark, Malm was president of NVMLI, a
Nevada-based company involved in mortgage lending and investments.
From 1999 to 2002, he was president and vice chairman of
ValueClick, an Internet advertising and technology company. From
1990 to 1999, Malm was senior vice president of GT Capital
Management and chief operating officer for the GT Global Mutual
Funds. He has also held senior positions with GE and RCA. Malm
serves as chairman of the board of directors for HighMark Capital
Management. About HighMark HighMark Funds (www.highmarkfunds.com)
is a nationally recognized family of mutual funds with 22
individual funds and over $8 billion in assets. HighMark Funds
offer money market, fixed income, equity and asset allocation
funds. San Francisco-based HighMark Capital Management, Inc. is a
wholly owned investment management subsidiary of Union Bank of
California, with over $21 billion in assets under management for
individual and institutional investors worldwide. HighMark Capital
Management, Inc. is the adviser and administrator for HighMark
Funds. About Union Bank of California Based in San Francisco,
UnionBanCal Corporation is a bank holding company with assets of
$57.9 billion at March 31, 2008. Its primary subsidiary, Union Bank
of California, N.A., had 334 banking offices in California, Oregon
and Washington, and 2 international offices at March 31, 2008. The
company's Web site is located at www.unionbank.com. Mutual fund
investing involves risks, including possible loss of principal.
HighMark Capital Management, Inc., a registered adviser, is a
wholly owned subsidiary of Union Bank of California, N.A. and
serves as investment adviser for HighMark Funds. Union Bank of
California, N.A., a subsidiary of UnionBanCal Corporation, provides
certain services to the funds and is compensated for these
services. HighMark Funds are distributed by PFPC Distributors,
Inc., which is unaffiliated with the adviser, its parents or any
affiliates. Read the prospectus and carefully consider the Funds�
investment objectives, risk factors and charges and expenses before
investing. This and other information, including fees, expenses,
and performance data, can be found in the Funds� prospectus, which
may be obtained by calling 800.433.6884 or by visiting
www.highmarkfunds.com.
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