has added three hires to keep its institutional business moving ahead. The Ameriprise
subsidiary announced Wednesday that Erik Knutzen
, Brian Reed
and Adam Craig
have come on board, all reporting to Chris Keating
, Head of Institutional Sales and Client Relationships. Knutzen's position -- Director of Institutional Strategies -- is newly created.
MINNEAPOLIS – (May. 9, 2007) – RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., (NYSE: AMP) has hired Erik Knutzen as Vice President, Director of Institutional Strategies, Brian Reed as Regional Vice President, Institutional Sales and Adam Craig as Regional Vice President, Institutional Consultant Relations. Knutzen, Reed and Craig will report to Chris Keating, Head of Institutional Sales and Client Relationships for RiverSource Investments.
"We are thrilled to have Erik, Brian and Adam join us as we continue to expand our institutional business," said Keating. "They bring the experience and depth of knowledge necessary for us to leverage the competitive performance track records and diverse institutional and alternative strategy lines we offer through RiverSource Institutional Advisors.
Knutzen, in a newly created position, will focus on the market positioning of key investment strategies for RiverSource Institutional Advisors.
Prior to joining RiverSource Investments, Knutzen worked at Standish Mellon Asset Management as Director of Sales, Marketing and Client Service. Before joining Standish, he founded Garret Capital Management LLC, a hedge fund management company, and worked at Putnam Investments for nine years where his roles included Managing Director of Institutional Portfolio Management and Investment Service. Prior to Putnam, Knutzen was a vice president and consultant at Jeffrey Slocum & Associates. He earned a bachelor's degree from Williams College and an MBA from Harvard Business School. He is a Chartered Financial Analyst and a member of the Boston Securities Analysts Society.
Reed joins a team of eight regional vice presidents and will be responsible for leading institutional sales efforts within the western region of the U.S. He will also help enhance the firm's institutional client service and consultant relations efforts.
Prior to joining RiverSource Investments, Reed was Vice President and Senior Marketing Executive at CRT Capital Group where he was responsible for institutional sales and consultant relations. Prior to that, he was with Fidelity Investments, where he served as a relationship manager distributing Fidelity's institutional investment strategies to endowments, foundations and corporate defined benefit plans. Reed graduated from the University of Vermont with a degree in Community Development and Applied Economics.
Craig will be responsible for managing consultant relationships throughout the U.S. and Canada along with his colleague, Mark Bryant.
Prior to joining RiverSource Investments, Craig was Director of Marketing and Client Relations at Essex Investment Management Co., where he was responsible for overseeing institutional marketing, consultant relations and client relations. He also worked as an investment consultant at Mercer Investment Consulting for five years and previously at Watson Wyatt for 12 years. Craig holds a bachelor's degree in Mathematics from Pennsylvania State University. He is a Chartered Financial Analyst and a member of the Boston Security Analysts Society.
RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of today's investors. The firm's specialized investment platform provides access to investment and research professionals located in strategic investment centers in the U.S. and overseas. As a leading source of investment insight and innovation, RiverSource Investments delivers a full range of solutions across the risk return spectrum to retail investors and their advisors and to institutional investors including corporations, pension funds, governments, foundations and endowments.
RiverSource Investments, LLC is an SEC-registered investment adviser that offers investment products and services under the names RiverSource Institutional Advisors, RiverSource Alternative Investments, RiverSource Capital Management and RiverSource Insurance Assets. RiverSource Investments is also registered as an International Adviser with the Ontario Securities Commission and British Columbia Securities Commission.
Ameriprise Financial, Inc. is a leading financial planning and services company that provides solutions for clients' asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent. Financial advisory services and investments are available through Ameriprise Financial Services, Member NASD and SIPC.
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