Saturna Appoints New President and New Head of Brokerage

* Reuters is not responsible for the content in this press release.

Thu Jul 30, 2009 10:55am EDT

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.