Daria L. Foster is Managing Partner of Lord Abbett, an independent, privately held investment firm. In addition, Ms. Foster serves as President and Director of Lord Abbett Mutual Funds. She also serves as a Director of Lord Abbett Passport Portfolios plc, a pooled investment fund organized in Ireland and regulated by the Central Bank of Ireland.
As Managing Partner, Ms. Foster is responsible for the global operations of the firm, including investment management, institutional investment services, private wealth services, marketing, and relationship management, as well as operations, technology,
and legal services.
Ms. Foster has more than 30 years of financial services industry experience, more than half of which has been with Lord Abbett. She joined the firm in 1990 as Director of Fixed-Income Marketing, and was responsible for establishing the firm’s institutional investment business. Named a Partner in 1996, she was instrumental in developing numerous new investment products, and working closely with operations, technology, client services, legal, and trading to facilitate implementation of these capabilities. Ms. Foster’s accomplishments include expanding the firm’s institutional sales and marketing groups, which grew from $2 billion to nearly $35 billion in assets, establishing institutional investment processes, and having an influential role in attracting and hiring new portfolio managers and other investment personnel. In 2005, she was named the Director of Global Client Services, and led the effort to combine and integrate the retail and institutional investment services businesses. In 2006, she was elected Director and President of Lord Abbett Mutual Funds, and she was named Managing Partner of Lord Abbett in 2007.
Prior to joining Lord Abbett, Ms. Foster served as Vice President of Marketing for the Chemical Investment Group. Earlier in her career, she served as Vice President and Manager for the Irving Trust Co.; Assistant Vice President of Marine Midland Bank, N.A.; and Assistant Treasurer for Chase Manhattan Bank.
Ms. Foster is Chairman of the board of trustees of the Alvin Ailey American Dance Theater, serves as a Director on the board of the New York Philharmonic, and is the Chairman of ReadWorks, a nonprofit organization committed to creating a culture of academic excellence in urban elementary schools. Ms. Foster earned a BA from Gettysburg College and was awarded an honorary doctorate of humane letters from St. Bonaventure University.