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Rating:Next Summer, a Beantown Fund Firm Will Move Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 8, 2020

Next Summer, a Beantown Fund Firm Will Move

Reported by Lauren Corradi

A $476-billion-AUM, multinational asset manager is moving next year. Yet they're not going far.

Scott Edward Couto
Columbia Threadneedle Investments
Head of Norther America
Last week Scott Couto, head of North America for Ameriprise's Columbia Threadneedle, confirmed that the Boston-based mutual fund firm has signed a lease for a new headquarters in Atlantic Wharf in downtown Boston. The Columbia Threadneedle HQ team plans to move into the new office at 290 Congress Street in the summer of 2021, following the expiration of its current lease.

Columbia Threadneedle's headquarters is currently located at 225 Franklin Street in Boston.

"The lease is expiring and we knew we wanted new space, so that was the driving force," a company spokesperson tells MFwire. "The current office is in Post Office Square and 290 Congress Street is just a couple of blocks towards the waterfront."

Occupying two floors of the new space, the firm will incorporate design and technology in an aim to provide employees with a flexible and adaptable work environment, fostering the firm's central value in collaboration.

"Our new office at 290 Congress Street will provide our employees and our business with the kind of modern, engaging and efficient space that will allow us to develop the optimal work environment for the future," Couto stated. "We're excited to welcome employees to this dynamic new space as they continue returning to the office in 2021. Also, importantly, we are delighted to remain in downtown Boston and reinforce our engagement with, and commitment to, this world-class city."

Columbia Threadneedle has offices in 17 countries, and more than 2,000 employees. 500 of those employees are based in Boston, which serves as a hub for their investment, distribution, product, and marketing teams as well as for their technology and staff groups.  

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