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Upromise Investments Names Mark Chapleau President
Business Wire, April 4, 2008
NEWTON, Mass. -- Upromise Investments, Inc. today announced that Mark Chapleau has been named President. Mr. Chapleau has been part of the senior management team since 2002.
"Upromise Investments has quickly grown into the leader in the 529 industry," said Mr. Chapleau. "It's a privilege to lead this team which includes some of the best minds in our field. We will continue to execute our mission of helping all American families invest for college."
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Prior to being appointed President, Mr. Chapleau served as General Counsel. Mr. Chapleau has 19 years of experience counseling financial services firms, mutual fund advisers, and distributors such as Fidelity Investments, SAFECO Corporation, and CIGNA Corporation on a wide range of corporate and securities matters. Mr. Chapleau joined Upromise Investments from Fidelity where he was responsible for providing legal advice in connection with the structuring of complex financial products in the U.S. and offshore.
Mr. Chapleau replaces James Fadule, who has retired.
About Upromise Investments
Upromise Investments, Inc., is the leading administrator of 529 plans in the country. The firm is a registered broker-dealer, member of FINRA, SIPC, and is registered with the MSRB. The company is focused on providing 529 plan management and marketing services to state partners and families saving for college. In total, Upromise Investments currently provides program management and administration services to more than 1.4 million accounts with nearly $19 billion in assets across direct, advisor, and prepaid savings plans sponsored by ten separate states.
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