is going after subadvisory relationships. To oversee the effort the Boston-based unit of Wachovia Bank has landed Pamela Rose
to head its subadvisory business placing its asset management capabilities with other fund firms. Her position as managing director of Evergreen Sub-Advisory Relationships is newly created.
Rose was most recently at Nicholas-Applegate in San Diego where she was head of Sub-Advisory Sales and Service. Nicholas-Applegate has not commented on her departure.
Rose reports to Patrick O'Brien
, president of Evergreen's Institutional Group and will be responsible for driving the firm's sales and client service efforts for all of its sub-advisory business. O'Brien said that the firm plans to leverage her expertise to build its subadvisory business.
"Continuing to build our business lines within the institutional marketplace is vital to the growth of Evergreen Investments," said Bill Ennis
, president and chief executive officer for Evergreen Investments in a statement. "Evergreen is committed to providing innovative investment solutions and exceptional service to our clients. Pam's appointment provides us a clear focus on providing these same services to the sub-advisory marketplace."
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