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Tuesday, April 17, 2007

Columbia Hires New Client Pro

News summary by MFWire's editors

Columbia Management, investment management unit of Bank of America, has appointed Amanda H. Grant, as its head of institutional client service. She was previously head of global relationship management at Babson Capital Management LLC. Grant replaces Bill Brown, who is retiring from the company at the end of the month.

Columbia Management today announced the appointment of Amanda H. Grant, as its Head of Institutional Client Service. Grant, a 20-year industry veteran, is responsible for all aspects of client service, leading a team of service professionals focused exclusively on Columbia Management's institutional accounts.

She joins the organization from Babson Capital Management LLC, where she was the head of global relationship management. Grant will be based in Boston and report to Michael Jones, head of distribution for Columbia Management. Institutional assets under management for Columbia Management and affiliates as of December 31, 2006 were $244.7 billion.

"Amanda has the right combination of skills, experience and leadership to further strengthen our relationships with an increasingly global institutional client base," said Mike Jones. "She will play a key role in our effort to deliver clients strong investment performance, an expanding set of traditional and alternative products, and world-class service."

Previously, Grant founded and served as a principal of Middleton, New Jersey-based Currant Associates LLC, a client service consultancy for asset management organizations. Prior to that role, she was a senior vice president and manager of institutional client relations for Mitchell Hutchins, a subsidiary of UBS Global Asset Management. Earlier in her career, she was a senior relationship manager for Oppenheimer Capital in New York. She began her financial services career as a marketing associate in the Institutional Investment Services division for Shearson Lehman Hutton.

Grant replaces Bill Brown, who is retiring from the company at the end of the month.

Columbia Management, based in Boston, MA, is the primary investment management division of Bank of America. Columbia Management, which offers products across an array of asset classes and investment styles to both individual and institutional investors, is focused on delivering strong investment performance and superior client service. As of December 31, 2006, Columbia Management and affiliates had $542.9 billion in assets under management.(1)

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, through more than 17,000 ATMs and award-winning online banking with more than 21 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. http://www.bankofamerica.com/

(1)Columbia Management and its affiliates comprise the wealth and investment management division of Bank of America Corporation. As of December 31, 2006, Columbia Management and its affiliates managed assets of $542.9 billion. Columbia Management and its affiliates managed assets consists of assets under the discretionary management of the three registered investment advisors, Columbia Management Advisors, LLC ($345.0 billion), Columbia Wanger Asset Management, L.P. ($32.9 billion) and Marsico Capital Management, LLC ($83.6 billion); the Bank of America Private Bank; Banc of America Investment Services, Inc;, Banc of America Investment Advisors, Inc;, Bank of America Capital Advisors, LLC, and Premier Banking and Investments.

Columbia Management Group, LLC ("Columbia Management") is the investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and products for institutional and individual investors. Columbia Funds are distributed by Columbia Management Distributors, Inc., member NASD and SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an affiliate of Bank of America Corporation.

SOURCE: Bank of America 

Edited by: Erin Kello

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