Nick Calamos, a former Euro Stars A-rated manager, has stepped down from Calamos Asset Management’s Board of Directors to further pursue his interests in education and philanthropy.
The move follows his decision to step away from his day-to-day role with the firm in August last year and his agreement to sell to John Calamos, Sr. his private interest in Calamos Family Partners.
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The separation agreement includes non-compete and non-solicitation provisions which extend for a period of four years following Nick’s departure.
As a result of this transaction, Calamos Investments has unveiled plans to reshape its corporate structure.
John P. Calamos, Sr. also said, "We wish Nick the best in his future pursuits. Over the last 18 months we have significantly strengthened the Calamos Board of Directors with the appointments of Global Co-CIO Gary Black, Thomas Eggers, Keith (Kim) Schappert and William Shiebler, all of whom have held the role of CEO at asset management firms."
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