National City Corporation has named Michael Minnaugh as senior vice president and new head of National City Investment Management Co., responsible for the company's proprietary mutual funds, the Parkstone and Armada fund families.
Minnaugh will also be responsible for National City's Retirement Plan Services, which provide 401(k) and other retirement plans to NCC's corporate clients.
Also moving up at National City Investment Management Co. is Timothy McDonough, named director of client services.
McDonough will be responsible for the investment performance of institutional client portfolios. He will lead a team managing $23 billion in assets, and also directs the Investment Management Co.'s performance measurement group. 
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