Veteran strategist Bob Doll is taking over the helm of faith-based investing company Crossmark Global Investments as CEO and president effective today, the Houston-based firm announced.
Doll joined Crossmark Global, a faith-based investment management firm, in June 2021 as chief investment officer. He is succeeding Mike Kern, who is stepping down. Doll will retain his duties as the firm's chief investment officer and strategist.
Doll has more than 40 years of experience in the financial field. In addition to serving as CIO, Doll guides the firm’s investment process and serves as portfolio manager for multiple Crossmark large-cap strategies, Crossmark said. Doll also conducts weekly and quarterly investment commentaries.
Doll is known for his annual 10 predictions for each New Year and is a regular guest and contributor to programs on CNBC, Bloomberg TV, Moneywise, and Fox Business News.
Before joining Crossmark, he was senior portfolio manager and chief equity strategist at Nuveen and Blackrock; president and chief investment officer at Merrill Lynch Investment Managers; and CIO at Oppenheimer Funds.
Doll said in a statement, “It is a privilege to be part of Crossmark, a firm that combines a deep commitment to faith-based values and a focus on investment excellence," Doll said in a prepared statement. "In my new role, I look forward to continuing to enhance the firm’s investment solutions and to leading a team that is notable for its talent, unique culture, and passion for delivering exceptional client service.”
Crossmark's board of directors said in a statement, “Crossmark’s clients have benefitted from Bob’s exceptional investment expertise, market perspective, and institutional leadership ever since he joined our firm, and we are excited about the vision and direction that he will bring to the organization in his expanded role as president and CEO.”
Crossmark had $6.2 billion in assets under management as of Dec. 31, through both separately managed accounts and the Steward family of mutual funds invested across equity, fixed income, liquid alternative, and derivative income asset classes, the firm said.
Crossmark has said the share of faith-based investments has increased each of the last eight years and now totals about $38.9 billion across the nine leading faith-based firms.