Anthony Santomero - Tri Continental Independent Director

TY Stock  USD 34.50  0.04  0.12%   

Director

Dr. Anthony M. Santomero is Director of the company. Dr. Santomero is the former President of the Federal Reserve Bank of Philadelphia. He holds the title of Richard K. Mellon Professor Emeritus of Finance at the Wharton School of the University of Pennsylvania and serves on the boards of several public companies, including the boards of Citigroup, Inc., Citibank N.A., Renaissance Reinsurance Company Ltd and the Penn Mutual Life Insurance Company. He previously served as Senior Advisor at McKinsey Company and was the Richard K. Mellon Professor of Finance at the University of Pennsylvanias Wharton School. During his 30year tenure at Wharton, he held a number of academic and managerial positions, including Deputy Dean of the School. He has written approximately 150 articles, books and monographs on financial sector regulation and economic performance. Dr. Santomero would currently be deemed to be an interested person of the Corporation because he serves on the boards of Citigroup, Inc. and Citibank N.A since 2019.
Age 75
Tenure 5 years
Professional MarksPh.D
Address 290 Congress Street, Boston, MA, United States, 02210
Phone800 225 2365
Webhttps://www.columbiathreadneedleus.com
Santomero is retiring from his service on the boards of Citigroup, Inc. and Citibank N.A. effective April 1, 2019, and upon his retirement he would no longer be deemed to be an “interested person” of the Corporationrationrationration. Instead, if elected to the Corporationrationrationration’s Board on April 16, 2019, Dr. Santomero would, then having no board membership on Citigroup, Inc. or Citibank N.A., serve the Corporationration as an Independent Director.

Tri Continental Management Efficiency

The company has Return on Asset (ROA) of 0.0203 % which means that for every $100 of assets, it generated a profit of $0.0203. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1583 %, which means that it produced $0.1583 on every 100 dollars invested by current stockholders. Tri Continental's management efficiency ratios could be used to measure how well Tri Continental manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.13 in 2024. Return On Capital Employed is likely to rise to -0.15 in 2024. At this time, Tri Continental's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to rise to about 363.4 K in 2024, whereas Total Assets are likely to drop slightly above 1.7 B in 2024.
Tri Continental Closed reports 4.42 M of total liabilities. Tri Continental Closed has a current ratio of 1.43, which is generally considered normal. Note however, debt could still be an excellent tool for Tri to invest in growth at high rates of return.

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Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States. Tri Continental is traded on New York Stock Exchange in the United States. Tri Continental Closed (TY) is traded on New York Stock Exchange in USA. It is located in 290 Congress Street, Boston, MA, United States, 02210 and employs 25 people. Tri Continental is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Tri Continental Closed Leadership Team

Elected by the shareholders, the Tri Continental's board of directors comprises two types of representatives: Tri Continental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tri. The board's role is to monitor Tri Continental's management team and ensure that shareholders' interests are well served. Tri Continental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tri Continental's outside directors are responsible for providing unbiased perspectives on the board's policies.
Colin AIIMR, Global VP
Sandra Yeager, Independent Director
CFA CFA, Portfolio Manager
Catherine Paglia, Independent Chairman of the Board
Daniel Beckman, Senior Vice President
Peter Albanese, Portfolio Manager
CAIA CFA, Portfolio Mang
Michael Clarke, Chief Financial Officer, Senior Vice President, Principal Financial Officer
Patricia Flynn, Independent Director
William Truscott, Senior Vice President, Director
Lyn KephartStrong, Vice President
Ryan Larrenaga, Senior Vice President, Chief Legal Officer, Secretary
George Batejan, Independent Director
Kathleen Blatz, Independent Director
Michael DeFao, Vice President Assistant Secretary
Joseph Beranek, Principal Financial Officer, Chief Accounting Officer, Treasurer, Principal Accounting Officer
Colin Moore, Senior Vice President
Paul Goucher, Senior Vice President, Assistant Secretary
Minor Shaw, Independent Director
Christopher Petersen, President, Principal Executive Officer, Director
Brian Gallagher, Independent Director
Thomas McGuire, Senior Vice President, Chief Compliance Officer
Anthony Santomero, Independent Director
Pamela Carlton, Independent Director
Yan Jin, Portfolio Manager

Tri Stock Performance Indicators

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