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NAPLES — Wasmer Schroeder has promoted longtime employee Justin Land to president of the investment firm, which has more than 60 employees and $9 billion in assets under management.
Land, who has been with the firm since 1997, replaces Michael Schroeder, who has served as president of Wasmer Schroeder since 2005. Schroeder will continue in his role as chief risk officer, according to a statement, and will focus on the macro issues facing investment management firms and their clients.
Land, meanwhile, has held a number of roles at the firm, including portfolio manager, director of tax exempt management, and for the past two years, chief municipal strategist, the release adds. He will continue to lead the firm's municipal credit research team. The promotion was effective June 1.
“Justin's promotion today is part of our long-range planning and will likely come as no surprise to those that follow Wasmer Schroeder closely,” firm CEO Martin Wasmer says in the statement. “Justin will remain focused on our investment management processes with a particular emphasis on credit research. We are excited about the future as we continue to focus on the best ways to serve investors and their advisors."
Land has held leadership roles in a number of industry organizations, the release states, including past president of the CFA Society of Naples and Chair of the 2019 Municipal Bond Buyers Conference.
"Justin has been with us almost since the beginning of the firm, he is uniquely qualified to help lead us into the future and is deserving of this leadership role,” Michael Schroeder says in the statement. “As I transition to the next stage of my career, I feel fortunate that we've built such a strong management team."
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