David Benkert Elected Chairman of HighMark Funds Board of Trustees
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David Benkert, a director with Navigant Consulting in Los Angeles, has
been elected chairman of HighMark Funds board of trustees. Evelyn S.
Dilsaver, former president and chief executive officer of Charles Schwab
Investment Management, Inc., and Earle A. Malm, president and chief
executive officer of HighMark Capital Management, have also been elected
to the board.
HighMark Funds is a nationally recognized family of mutual funds that is
overseen by a seven-member board of trustees. HighMark Capital
Management, the investment subsidiary of Union Bank of California, N.A.,
serves as investment advisor and administrator to the Funds.
Benkert joined the HighMark Funds board in 2004 and most recently served
as a member of the audit committee. He succeeds Joe Jaeger, who retired
from the board after 20 years of service. Benkert currently serves as a
director in the dispute and investigations practice at Navigant
Consulting, where he specializes in litigation support and
investigations.
During his 26 year career, Benkert has assisted clients with damage
calculations, forensic investigations, analysis of financial solvency,
financial forecasting and corporate restructuring. He has worked with a
wide variety of organizations, including technology companies,
healthcare organizations, hospital providers and state governments.
Dilsaver currently serves on the boards of Aeropostale, Inc. and Longs
Drug Stores Corp., where she is a designated financial expert of the
audit and finance committee. She worked for Charles Schwab Corporation
from 1991 to 2004, most recently serving in the role of president and
chief executive officer of Charles Schwab Investment Management. While
there, she also held the position of executive vice president, chief
financial officer and chief administrative officer for U.S. Trust
Company, then a Schwab subsidiary. Prior to Schwab, Dilsaver held the
position of senior vice president and controller for First Nationwide
Bank from 1983 to 1991.
Earle A. Malm joined HighMark Capital Management as president and chief
executive officer in 2002. Prior to HighMark, Malm was president of
NVMLI, a Nevada-based company involved in mortgage lending and
investments. From 1999 to 2002, he was president and vice chairman of
ValueClick, an Internet advertising and technology company.
From 1990 to 1999, Malm was senior vice president of GT Capital
Management and chief operating officer for the GT Global Mutual Funds.
He has also held senior positions with GE and RCA. Malm serves as
chairman of the board of directors for HighMark Capital Management.
About HighMark
HighMark Funds (www.highmarkfunds.com)
is a nationally recognized family of mutual funds with 22 individual
funds and over $8 billion in assets. HighMark Funds offer money market,
fixed income, equity and asset allocation funds.
San Francisco-based HighMark Capital Management, Inc. is a wholly owned
investment management subsidiary of Union Bank of California, with over
$21 billion in assets under management for individual and institutional
investors worldwide. HighMark Capital Management, Inc. is the adviser
and administrator for HighMark Funds.
About Union Bank of California
Based in San Francisco, UnionBanCal Corporation is a bank holding
company with assets of $57.9 billion at March 31, 2008. Its primary
subsidiary, Union Bank of California, N.A., had 334 banking offices in
California, Oregon and Washington, and 2 international offices at March
31, 2008. The company's Web site is located at www.unionbank.com.
Mutual fund investing involves risks, including possible loss of
principal. HighMark Capital Management, Inc., a registered adviser, is a wholly
owned subsidiary of Union Bank of California, N.A. and serves as
investment adviser for HighMark Funds. Union Bank of California, N.A., a
subsidiary of UnionBanCal Corporation, provides certain services to the
funds and is compensated for these services. HighMark Funds are
distributed by PFPC Distributors, Inc., which is unaffiliated with the
adviser, its parents or any affiliates. Read the prospectus and carefully consider the Funds’
investment objectives, risk factors and charges and expenses before
investing. This and other information, including fees, expenses, and
performance data, can be found in the Funds’
prospectus, which may be obtained by calling 800.433.6884 or by visiting www.highmarkfunds.com.
