The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Distribution is Key to the Ameriprise-Seligman Deal Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, August 08, 2008

Distribution is Key to the Ameriprise-Seligman Deal

Reported by Erin Kello

RiverSource Investments intends to leverage the distribution muscle of Seligman & Co., which its corporate parent Ameriprise Financial is acquiring in a deal expected to close in November, and retain the Seligman brand.

"Seligman has a very strong presence in the third party distribution channels, RiverSource plans to fully leverage those capabilities," said Patrick Bannigan senior vice president, general manager of mutual funds at RiverSource, in an interview with The MFWire.

Bannigan, who described the transaction as "complimentary," said Ameriprise has no plans to change the branding on any of Seligman's products.

"The Seligman brand has a rich history," he added.

The Ameriprise-Seligman deal was announced a month ago. (see The MFWire July 7, 2008) 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use