Change in store.(Face To Face)(Interview)

Pensions & Investments, April, 2004

Robert C. Pozen, a veteran of the mutual fund industry, assumed the title of non-executive chairman of MFS Investment Management in February. The 57-year-old joined the nation's oldest mutual fund company - a subsidiary of Sun Life Financial, the Canadian life insurance company - within months after MFS got embroiled in the mutual fund trading scandal.

(On March 31, the company paid $50 million to settle charges by the Securities and Exchange Commission about directing trades to brokerage firms that marketed and distributed its mutual funds.) Earlier last month, he surprised the industry by announcing MFS would not use "soft dollars" to pay for independent outside investment research, and by demanding Wall Street brokerage houses break out their execution and...

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