The Bellingham Business Journal
Saturna Capital Corporation, a local investment manager, has announced that Jane Carten has been appointed President and CEO. This position was previously held by Nicholas Kaiser, who continues to serve as Saturna’s Chairman, Chief Investment Officer and primary portfolio manager for the Amana and Sextant equity funds. The firm also announced the promotion of Monem Salam to replace Kaiser as president of Saturna Brokerage Services, the fund distribution subsidiary of Saturna Capital Corporation.
The appointments were announced to coincide with Saturna Capital Corporation’s 20th anniversary, with Carten and Salam set to assume their new roles immediately.
“I am pleased to announce Jane’s appointment as President and CEO of Saturna,” Kaiser said in a press release. “She has ably served in a variety of roles of increasing responsibility over the years she has worked for Saturna. I am confident her experience and intimate knowledge of the company makes her the right person for these roles as I continue to focus on my duties as chairman, CIO and investing client portfolios.”
Carten has worked at Saturna since 1997. Prior to her previous role as executive vice president, she served as chief in-forming officer, where she oversaw Saturna’s marketing operations. She also supervised technology activities and managed the company’s proprietary computer software system, Neptune. Carten holds an MBA degree and a bachelor’s degree in computer science and business from Western Washington University.
Salam’s appointment as president and CEO of Saturna Brokerage Services recognizes his continued exemplary work as Saturna’s director of Islamic investing, as well as deputy portfolio manager to the Amana Funds.
“Monem (Salam) has been key to our success in helping the $2 billion Amana Mutual Funds Trust become the largest family of mutual funds designed for US-based Islamic investors,” Kaiser said. “His vast abilities in marketing and portfolio management, coupled with his deep understanding of the needs of the Islamic market have made him an essential part of Saturna’s team. His experience with private accounts and contacts all over the country make him the logical choice to head our growing marketing activities.”
Salam received his degrees from the University of Texas: BA (Austin) and MBA (Dallas). He worked as Chief Investment Officer for ITG & Associates (Dallas) until 1999, then as a representative with Morgan Stanley (suburban Dallas) until joining Saturna Capital in June 2003. Salam speaks at Islamic finance/investment conferences worldwide, and in U.S. Islamic communities about spirituality, Sharia, and Islamic investing.