14 Jul 2026

Saturna Capital Promotes Bryce Fegley to Chief Investment Officer Succeeding Scott Klimo

News Article

BELLINGHAM, WA, July 14, 2026 - Saturna Capital announced the promotion of Bryce Fegley, MS, CFA, CIPM to Chief Investment Officer, succeeding Scott Klimo, who is retiring on September 28, 2026 after leading the firm’s investment organization since 2016. The transition marks a new chapter in Saturna’s investment leadership while maintaining continuity with the firm’s long-standing investment discipline and research-driven approach. 

Fegley brings more than two decades of experience at Saturna to the CIO role. He joined the firm in 2001 and has served in a variety of investment and leadership capacities over the course of his career, including as president of Saturna Malaysia. His development as an investor has been guided by the firm’s research-driven culture and the investment discipline established by founder Nick Kaiser. 

As Chief Investment Officer, Fegley will lead Saturna’s investment team and continue to carry forward the firm’s core principles of fundamental research, long-term thinking, and disciplined portfolio management. “Bryce’s appointment as Chief Investment Officer reflects not only his experience and capabilities, but also the continuity of an investment philosophy that has been developed over decades at Saturna,” said Jane Carten, president. 

In addition, Saturna announced that Will Jones, CFA, will assume the role of Director of Research. Jones joined Saturna in 2023 and currently serves as Senior Equity Analyst and Portfolio Manager. He previously held positions at Verus Investment Partners and Russell Investments. 

“Scott Klimo has made a lasting contribution to Saturna through his steady leadership, sound judgment, and commitment to the firm’s investment discipline,” Carten said. “We are grateful for his service and the culture he helped build, and we are pleased to have strong internal successors in Bryce and Will to carry that work forward.” 

Evolution of Saturna’s Investment Structure

As part of this leadership transition, Saturna Capital is formalizing a team-based portfolio management structure across its mutual funds and strategies. Under the new framework, portfolios will be managed by teams of three investment professionals who share equal responsibility for research, portfolio construction, and risk management decisions. We believe small, empowered teams of three consistently make better decisions than individuals, particularly in complex market environments, and Saturna believes this structure will further strengthen outcomes for its shareowners.

The three-manager teams are designed to enhance business and investment continuity, reduce key-person risk, and reinforce checks and balances in the investment process. This evolution builds on Saturna’s long-standing emphasis on collaboration and reflects the firm’s progression from a founder-led model toward a more institutional, team-driven organization.

Notably, as part of the CIO transition and the move to investment teams, former Amana Growth Fund deputy Monem Salam will now be co-managing the Amana Growth strategy alongside portfolio managers Levi Zurbrugg and Jason Mitchell. Salam will continue on Amana Income, co-managing alongside Fegley and Simon Kim. 

All of the changes to Saturna’s lineup will be effective as of September 28, 2026. 

Press Contact:

Mount & Nadler
Hedda Nadler or Andrew Greene
212-759-4440
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About Saturna Capital Corporation

Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is an independent, employee-owned investment advisor managing approximately $11 billion in assets under management, providing investment advisory services to mutual funds, ETFs, institutions, businesses, individuals, and endowments. Saturna Capital is adviser to the Amana Mutual Funds Trust, the oldest and largest family of funds in the US that follow principles of Islamic finance, and to the US-based Saturna Funds. For more information, visit Saturna.com.