NEW YORK (AP) — Pzena Investment Management Inc. on Tuesday announced the appointment of Gary Bachman, a former JP Morgan Chase executive, as its chief financial officer.
Effective immediately, Bachman replaces Gregory S. Martin. Pzena Investment Management disclosed in an Aug. 31 regulatory filing that Martin was resigning to pursue other interests. Martin agreed to remain with Pzena Investment Management until a transition had been completed. Martin was appointed CFO in May 2009.
Bachman, 44, has more than two decades of experience in the financial services industry. Most recently, he was an executive vice president at JP Morgan Chase, overseeing strategy, planning, reporting and analysis for the global commodities group.
From 2000 to 2008, Bachman was with Barclays and Lehman Brothers in leadership roles including corporate reporting, accounting policy and structured finance.
Shares of New York-based Pzena Investment Management slipped 12 cents to $5.50 in afternoon trading. Its shares are down more than 25 percent from a 52-week high of $7.39 on April 9. They traded as low as $3.18 on early October 2011.