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

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

Rating:First Union Combines Retail and Institutional Brands Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, December 04, 2000

First Union Combines Retail and Institutional Brands

Reported by Sean Hanna, Editor in Chief

First Union has merged its retail mutual fund and institutional asset management units under the Evergreen Investments brand. The bank is also combining its First Capital Group institutional investment group with the Evergreen Investments organization. Altogether, the unit will manage $120 billion in assets.

First Capital Group will operate under the new name of Evergreen Institutional Asset Management. It also said that Patrick O'Brien has joined the institutional as president from Banc One Investment Advisors where he was senior managing director of the Institutional Investment Services group.

His position is newly created and reports to Bill Ennis, president and chief executive officer of Evergreen Investment Company, who has assumed responsibility of global asset management distribution for institutional, high net worth and retail products.

O'Brien will be responsible for managing the institutional sales initiative, focusing on building new distribution strategies.

"Joining our retail and institutional investment units together under the name of Evergreen Investments provides a unifying theme that highlights and reinforces our total commitment to excellence in all realms of investment management," said Dennis Ferro, president and chief investment officer of Evergreen Investment Management Company. "While this name change does not alter our current institutional investment disciplines and services, we believe it facilitates our broader strategy of leveraging resources to deliver superior products from all our investment platforms."  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q2Q1
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use