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Thursday, September 09, 2010

Hartford Names its Mutual Fund Sales Chief

News summary by MFWire's editors

Hartford Mutual Funds [see profile] has elevated Jeff Reiss to the role of national sales manager. Reiss reports to Jim Davey, executive vice president of Hartford's mutual fund business.

Jeff Reiss
Hartford Mutual Funds
National Sales Manager
Reiss, who has been with Hartford since 1995, most recently led sales in the wirehouse channel.

Now, Reiss heads up sales of U.S. mutual funds and 529 plans across the wirehouse, RIA, independent and bank channels. His post is newly created, according to Hartford officials.

It was not immediately clear how Reiss' role relates to that of Bill Wolfe.
Company Press Release

The Hartford Demonstrates Its Commitment to Mutual Fund Business; Appoints Jeff Reiss as Head of Sales

In a newly expanded role, Reiss will lead a specialized sales organization to help drive growth of U.S. mutual funds and 529 college savings plans

Simsbury, Conn., Sept. 9, 2010 The Hartford Mutual Funds today announced that Jeff Reiss has been named national sales manager, effective immediately. In this newly created role, he will oversee all sales initiatives of U.S. mutual funds and 529 college savings plans across the wirehouse, registered investment advisor, independent and bank channels. Reiss, who was previously national sales manager for the wirehouse division, will report to Jim Davey, executive vice president of The Hartford Mutual Funds.

"Aligning mutual fund sales under Jeff's leadership renews our commitment to accelerate growth of the fund family and expand market share across all channels," says Davey. "We are very proud that The Hartford Mutual Funds has had positive net flows every year since inception of the fund family in 1996, and a large part of that is attributable to success in the wirehouse channel under Jeff's direction over the years."

Reiss' appointment is part of a broader strategy, recently announced, to align The Hartford's Wealth Management business around four core segments mutual funds, global annuities, retirement plans and individual life insurance.

The Hartford Mutual Funds, which launched The Hartford Global Real Asset 1,2 and Global All-Asset 1 funds earlier this year, is committed to helping investors meet their long-term financial goals. Product innovation continues to be a critical part of the fund family's growth strategy, and gives the sales team a unique value proposition when communicating with financial advisors, according to Davey.

Reiss was appointed national sales manager for the wirehouse division in 2008. He joined the firm as a sales coordinator in 1995. In 1996, he became a regional marketing director in the bank channel and was named Rookie of the Year. He subsequently held positions of increasing responsibility including divisional sales manager for a five-state region, and head of east coast sales for mutual funds in the wirehouse channel.

Reiss earned a bachelor's degree in business administration from Kutztown University in Kutztown, Pa. He holds his FINRA Series 6, 24 and 63 licenses, as well as his life insurance licensing. In 2010, Reiss was named a Rising Star of Mutual Funds by Institutional Investor News and Fund Action.

About The Hartford Mutual Funds

The Hartford Mutual Funds, established in 1996, offers a wide array of both broad-mandate and style-focused equity and fixed-income investment options. The Hartford Mutual Funds draws on the investment strength, experience and expertise of sub-advisers Wellington Management and Hartford Investment Management. These two organizations bring their decades of market experience, in-house investment capabilities, rigorous research and time-tested investment process to bear in managing the funds to help The Hartford Mutual Fund investors meet their long-term financial goals. The Hartford Mutual Fund has $88.2 billion assets under management as of June 30, 2010. For more information on The Hartford Mutual Funds, including current holdings, visit www.hartfordmutualfunds.com .

About The Hartford

Celebrating 200 years of helping its customers achieve what's ahead, The Hartford (NYSE: HIG) is an insurance and wealth management company. Through its unique focus on customer needs, the company serves businesses and consumers by providing the products and solutions they need to protect their assets and income from risks and manage their wealth and retirement needs. A Fortune 100 company, The Hartford is recognized widely for its service expertise and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.

Edited by: Armie Margaret Lee

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