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Cohen & Steers Announces the Retirement of Daniel P. Charles, Head of Global Distribution

1. Daniel P. Charles, EVP of Global Distribution, will retire after 37 years. 2. Cohen & Steers has begun searching for Mr. Charles' successor. 3. Charles successfully realigned U.S. distribution for client needs. 4. He will assist in transitioning his responsibilities. 5. CEO Joseph Harvey praised Charles for his leadership contributions.

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FAQ

Why Bearish?

Leadership changes can lead to uncertainties in strategy execution and client relations. Historical cases, like Jeffrey Immelt stepping down at GE, demonstrated initial stock market fluctuations due to leadership transitions.

How important is it?

Leadership transitions often prompt investors to reassess company stability and strategy, influencing stock performance.

Why Short Term?

The immediate impact is likely as market reacts to leadership uncertainties. However, a strong successor could stabilize sentiments in the longer term.

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AMGCGTROW
NEW YORK, March 10, 2025 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that Daniel P. Charles, Executive Vice President and Head of Global Distribution, will retire after 37 years of sales leadership roles, including nearly the last six years at Cohen & Steers. Cohen & Steers has commenced a search for Mr. Charles' successor. As Head of Global Distribution, Mr. Charles oversees the firm's global wealth, institutional sales and relationship management departments, as well as global marketing. His successes in the role include realigning U.S. distribution efforts to better address clients' needs for real assets and alternative investment solutions, and expanding the firm's distribution across EMEA and APAC. Mr. Charles will remain with the firm to help transition his responsibilities. Joseph Harvey, Chief Executive Officer, said:"Dan enhanced our distribution capabilities to help meet our clients' needs while building and leading global sales teams, instilling a relationship culture, and expanding our marketing efforts. We thank Dan for his leadership and contributions to Cohen & Steers and wish him the best." About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi- strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore. Website: https://www.cohenandsteers.comSymbol:NYSE: CNS SOURCE Cohen & Steers, Inc.

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