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HIGHMARK CAPITAL MANAGEMENT APPOINTS KEVIN ROWELL AS MANAGING DIRECTOR OF HIGHMARK FUNDS


For Immediate Release


Contact:
Joanne Curran
(213)236-5017
joanne.curran@unionbank.com
 
Peggy Marco
(213) 236-6676
peggy.marco@highmarkcapital.com


San Francisco, June 23, 2010 -- HighMark Capital Management today announced that Kevin A. Rowell has joined the company as the Managing Director of HighMark Funds. Rowell, who will be based in HighMark Capital Management's corporate headquarters in San Francisco, will report to Earle Malm, President and CEO, effective immediately. He replaces retiring Managing Director, Greg Knopf, who built HighMark's mutual fund business over 22 years of service into the award-winning organization it is today.

"Kevin has a proven track record of strategic leadership over his 20-year career, and we are pleased to have someone of his caliber within the financial services industry lead our mutual fund distribution efforts," said Malm. "We are confident that Kevin will build on Greg's prior success as we work to grow our mutual fund business and our distribution capability."

As Managing Director of HighMark Funds, Rowell is responsible for the retail distribution-related activities of HighMark Capital Management, including oversight of the HighMark Funds' national wholesaling and marketing teams, third-party distributor and legal team.

Prior to joining HighMark, Rowell served as President of Hennessy Funds.  Before joining Hennessy, he served as President of Pioneer Funds Distributor and President of Safeco Mutual Funds. Previously, Rowell worked for several leading asset management firms, including Putnam Investments, where he served most recently as Director of European Corporate Development while based in Milan, Italy.

Rowell earned a Bachelor of Arts degree in Communications from State University of New York at Cortland. He and his family are local to the Bay Area, residing in San Anselmo, California, in Marin County.

About HighMark Capital Management,  Inc.

San Francisco-based HighMark Capital Management, Inc. (HCM), a registered investment adviser, is a wholly-owned subsidiary of Union Bank, N.A., with over $16 billion in assets under management for individual and institutional investors worldwide. HCM is also the adviser to the HighMark Funds, a nationally recognized fund company offering a wide range of mutual funds from conservative money market funds to more aggressive growth funds. HighMark Funds Distributors, Inc., an affiliate of PFPC Distributors, Inc., is the principal underwriter of HighMark Funds. HighMark Capital Management can be found on the Web at www.highmarkcapital.com.

Mutual fund investing involves risk, including possible loss of principal.

HighMark Funds Distributors, Inc., an affiliate of PFPC Distributors, Inc., is the principal underwriter of the HighMark Funds. HighMark Capital Management, Inc., a registered adviser, is a wholly owned subsidiary of Union Bank, N.A., and serves an investment adviser for HighMark Funds. Union Bank, N.A., a subsidiary of UnionBanCal Corporation, provides certain services to the Funds and is compensated for these services. NO BANK GUARANTEE, NOT FDIC INSURED, MAY LOSE VALUE. There is no guarantee that the Funds will meet their stated objectives. 

Carefully consider the Funds' investment objectives, risk, and charges and expenses. This and other information can be found in the Funds' prospectus, which may be obtained by calling 1.800.433.6884 or by visiting www.highmarkfunds.com. Read the prospectus carefully before investing.