Eaton Vance Announces Upcoming Retirement of Duncan W. Richardson

      Eaton Vance Announces Upcoming Retirement of Duncan W. Richardson

PR Newswire

BOSTON, July 19, 2013

BOSTON, July 19, 2013 /PRNewswire/ --Eaton Vance Corp. (NYSE:EV) announced
today that Duncan W. Richardson, CFA, Executive Vice President and Chief
Equity Investment Officer of Eaton Vance Management (EVM), will retire on
October 31, 2013, the end of the Company's 2013 fiscal year. Leadership of
EVM's equity group will transition on an interim basis to Thomas E. Faust Jr.,
CFA, Chairman and Chief Executive Officer of Eaton Vance, while a search for
Mr. Richardson's successor is conducted.

Mr. Richardson joined Eaton Vance as an equity research analyst in 1987,
became a portfolio manager in 1990 and has led EVM's equity group since 2001.
He was elected Executive Vice President of Eaton Vance Corp. in 2006 and
became a member of the Company's Board of Directors in 2008. Long recognized
as a leader in tax-efficient investing, Mr. Richardson has successfully
managed Eaton Vance's Tax-Managed Growth Portfolio and its predecessor since
1990. Under his leadership, EVM has substantially broadened its equity
investment capabilities and increased the size and scope of its equity
business. As of June 30, 2013, EVM's equity group managed $37.8 billion in
client assets.

"Over his 26 years at Eaton Vance, Duncan has embodied the Company's core
values of integrity, professionalism, teamwork, client focus,
creativity/adaptability and excellence," said Mr. Faust. "Through his
leadership, loyalty and unwavering commitment to serving clients, he has
helped define and cultivate the Eaton Vance culture and contributed
immeasurably to our growth and success. On behalf of everyone at the Company,
I want to express my heartfelt thanks to my longtime friend and colleague
Duncan for his many contributions, and wish him all the best in retirement."

Eaton Vance is one of the oldest investment management firms in the United
States, with a history dating to 1924. Eaton Vance and its affiliates managed
$260.6 billion in assets as of June 30, 2013, offering individuals and
institutions a broad array of investment strategies and wealth management
solutions.The Company's long record of providing exemplary service, timely
innovation and attractive returns through a variety of market conditions has
made Eaton Vance the investment manager of choice for many of today's most
discerning investors.For more information about Eaton Vance, visit

SOURCE Eaton Vance Corp.

Contact: Robyn Tice - 617.672.8940,
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