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Rating:Columbia's Fund Boards Will Shrink Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 14, 2010

Columbia's Fund Boards Will Shrink

News summary by MFWire's editors

Former Minnesota governor Arnie Carlson will soon see his Columbia Management [see profile] mutual fund board seat disappear. Reuters' Ross Kerber reports that, according to Stephen Lewis (chairman of the RiverSource funds' board), Columbia parent Ameriprise will say goodbye to Carlson and two other board members (out of 12), as a Columbia mutual fund board and a RiverSource one merge.

According to Reuters, Lewis will chair the combined RiverSource/Columbia mutual fund board and the former Columbia mutual fund chair will lead the combined board's governance committee.

The article also discusses mutual fund board member pay for Columbia and RiverSource. 

Edited by: Neil Anderson, Managing Editor


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