NEW YORK – August 6, 2013 – Christian Brothers Investment Services (CBIS) and CBIS Global Funds announced today that Chief Investment Officer Frank D. Haines, CFA, will retire on August 30, 2013.  Richard L. Wolf, Senior Investment Analyst, will serve as interim Chief Investment Officer. A search for a new Chief Investment Officer will commence immediately, utilizing an external executive recruiting firm specializing in high-level investment professionals.

Mr. Haines joined CBIS in 1999 as a Senior Investment Analyst. He was promoted to Chief Investment Officer and appointed to the management team in June 2000. Under Mr. Haines’ tenure, CBIS’ assets under management grew from $2.6 billion as of December 31, 2000 to $4.7 billion as of June 30, 2013.  In addition to oversight of all CBIS sub-advisers, Mr. Haines was instrumental in guiding the expansion of CBIS internationally through the introduction of CBIS Global Funds, and, most recently, the launch of an innovative fixed income fund, the CUIT Opportunistic Bond Fund, to help protect CBIS participants from a volatile interest rate environment.

“Frank Haines has been with CBIS for 14 years, and has been Chief Investment Officer for 13 of those years.  In that time, he has contributed a great deal to the quality of our investment program, most notably proving a steady hand and astute mind during the financial crisis five years ago.  During that challenging period, he led our oversight of our sub-advisers and their portfolios very successfully, protecting the Catholic institutions investing with CBIS from the worst types of losses that occurred at that volatile time.  We thank him for his service and wish him the best in his retirement, “said CBIS Chief Executive Officer Michael W. O’Hern, FSC.

“I am also pleased that Richard Wolf, who has worked side-by-side with Frank for 13 years, has agreed to act as interim CIO, ensuring that CBIS participants will receive expert investment oversight while we search for Frank’s replacement.  With more than 30 years of experience in the industry, Richard is eminently qualified to serve as CIO.  In addition, Richard will be assisted by CBIS’ Investment Advisory Committee, a long-standing group of five experienced industry professionals formed to offer their perspective and counsel to our internal investment staff, and by the Investment Team, an internal group of CBIS professionals convened to leverage the investment expertise in other areas of the firm. Of course, I will be working closely with Richard during this period of transition,” he continued.

About Christian Brothers Investment Services and CBIS Global
Christian Brothers Investment Services, Inc. (CBIS) is a leader in Catholic socially responsible investing (SRI) with approximately $4.7 billion in AUM for Catholic institutions worldwide, including dioceses, religious institutes, educational institutions and health care organizations. CBIS’ combination of premier institutional asset managers, diversified product offerings, and careful risk-control strategies constitutes a unique investment approach for Catholic institutions and their fiduciaries. CBIS strives to integrate faith-based values into the investment process through a disciplined approach to socially responsible investing that includes principled purchasing (stock screens), active ownership strategies (proxy voting, dialogues, and shareholder resolutions) and community investment.  CBIS Global is the European division of CBIS, providing ethical investment management to Catholic institutions in Europe and beyond. CBIS Global is the sponsor of CBIS Global Funds plc headquartered in Dublin. Visit CBIS at www.cbisonline.com.