Saturna Appoints New President and New Head of Brokerage
* Reuters is not responsible for the content in this press release.
BELLINGHAM, Wash.--(Business Wire)-- Saturna Capital Corporation, investment manager of the no-load Amana and Sextant Funds, has announced that Jane Carten has been appointed President and CEO. This position was previously held by Nicholas Kaiser, who continues to serve as Saturna`s Chairman, Chief Investment Officer and primary portfolio manager for the Amana and Sextant equity funds. The firm also announced the promotion of Monem Salam to replace Mr. Kaiser as president of Saturna Brokerage Services, the fund distribution subsidiary of Saturna Capital Corporation. The appointments were announced to coincide with Saturna Capital Corporation`s 20th anniversary, with Ms. Carten and Mr. Salam set to assume their new roles with immediate effect. "I am pleased to announce Jane`s appointment as President and CEO of Saturna," said Mr. Kaiser. "She has ably served in a variety of roles of increasing responsibility over the years she has worked for Saturna. I am confident her experience and intimate knowledge of the company makes her the right person for these roles as I continue to focus on my duties as Chairman, CIO and investing client portfolios," he added. Ms. Carten has worked at Saturna since 1997. Prior to her previous role as Executive VP, she served as Chief In-Forming Officer, where she oversaw Saturna`s marketing operations. She also supervised technology activities and managed the company`s proprietary computer software system, Neptune. Ms. Carten holds an MBA degree and a Bachelor`s degree in Computer Science and Business from Western Washington University. Mr. Salam`s appointment as President and CEO of Saturna Brokerage Services recognizes his continued exemplary work as Saturna`s Director of Islamic investing, as well as deputy portfolio manager to the Amana Funds. "Monem has been key to our success in helping the $2 billion Amana Mutual Funds Trust become the largest family of mutual funds designed for US based Islamic investors," said Mr. Kaiser. "His vast abilities in marketing and portfolio management, coupled with his deep understanding of the needs of the Islamic market have made him an essential part of Saturna`s team. His experience with private accounts and contacts all over the country make him the logical choice to head our growing marketing activities," he continued. Mr. Salam received his degrees from the University of Texas: BA (Austin) and MBA (Dallas). He worked as Chief Investment Officer for ITG & Associates (Dallas) until 1999, then as a representative with Morgan Stanley (suburban Dallas) until joining Saturna Capital in June 2003. Mr. Salam speaks at Islamic finance/investment conferences worldwide, and in U.S. Islamic communities about spirituality, Sharia, and Islamic investing. About Saturna Capital Saturna Capital Corporation, established in 1989 in Bellingham, WA, is the investment adviser and administrator to over $2.2 billion in assets in the Amana Mutual Funds Trust (Growth Fund and Income Fund) and the Saturna Investment Trust. Saturna Investment Trust consists of six funds: Sextant Growth (domestic equities), Sextant International, (foreign stocks), Sextant Core (bonds and equities), Sextant Bond Income (long-term bonds), Sextant Short-Term Bond, and the Idaho Tax-Exempt Fund. Saturna Capital also manages private accounts for families, businesses and endowments. Saturna Brokerage Services provides general discount brokerage services and underwrites the Saturna mutual funds. Please consider an investment`s objectives, risks, charges and expenses carefully before investing. To obtain a free prospectus that contains this and other important information about Saturna`s funds, call toll free 800/SATURNA or visit www.saturna.com. Please read the prospectus carefully before investing. Kanter and Company, LLC Justin Lavelle, 703-534-2150 Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters