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Rating:Bank Recruits Manager to Bolster Partnerships Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 10, 2002

Bank Recruits Manager to Bolster Partnerships

by: Ki Kim

U.S. Bancorp Asset Management has tapped Dale Kurtz to be the firm's key accounts manager, a new position. Kurtz will also cover First American Funds, and he is to focus on strategic asset-management relationships in order to boost the distribution of products and services through third-party channels.

"Under Dale's leadership, we have strategic plans to expand our sales efforts outside our successful internal sales channels," explained John Gibas, senior managing director, in a release. "Dale's appointment underscores our drive to expand and broaden our distribution capabilities through strategic, third- party partnerships."

Third-party channels will include broker-dealers; bank and insurance company 401(k) plans; variable annuity platforms; institutions sponsoring "fund of funds" and "wrapped-fee" products; and trust companies/asset managers focused on high-net-worth clients, according to Gibas.

Kurtz, formerly managing director at Jundt Funds/Jundt Alternative Investments, has more than 20 years experience in financial-services sales and marketing under his belt. He will report to Gibas at U.S. Bancorp.

"I'm excited about the opportunity to develop strategic partnerships that will expand the distribution capabilities of one of the country's leading asset-management firms and fund families," Kurtz said.

Minneapolis-based U.S. Bancorp Asset Management reports some $116.9 billion in assets under management and provides investment advisory services to First American Funds.  

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