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The insiders' edge for 40 Act industry executives!
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Thursday, September 20, 2007 Columbia Looks Inside to Find CIO Columbia Management has appointed Colin Moore as chief investment officer. Moore, who joined Columbia as head of equities in 2002, will expand his responsibilities to provide direction for all investment activities at Boston-based asset manager. Moore earlier served as chief investment officer for global and international equities at Putnam. The title of CIO was previously held by Keith Banks, who is the president of Columbia Management, according to a company spokeswoman. Banks remains president. Columbia Management today announced the appointment of Colin Moore as chief investment officer. Moore will expand his responsibilities as head of equity to provide direction for all investment activities at Columbia Management. He will report to Keith Banks, president of Columbia Management. Some of his responsibilities will include overseeing direct investment strategy and helping to ensure that Columbia maintains its disciplined process while striving towards strong performance across all asset classes (i.e., equity, fixed income and cash). As of June 30, 2007, Columbia Management and its affiliates had $566 billion in assets under management(1). "Colin and his team have done a terrific job building a disciplined investment process in equities and have driven Columbia's performance to a higher level," said Keith Banks, president of Columbia Management. "Colin's new role will enable him to broaden his impact across the entire investment platform. He is well deserving of this opportunity, and I look forward to working closely with him in this new role." Since joining Columbia as head of equities in 2002, Moore has led a team of approximately 185 professionals that today manages approximately $269 billion in equity investments. Moore joined Columbia from Putnam Investments LLC, where he was chief investment officer for global and international equities. Additionally, Moore will have responsibility for spearheading the development and implementation of Columbia's proprietary alternative investment product offering. Columbia Management, based in Boston, MA, is the investment management division of Bank of America. Columbia Management, which offers products across an array of asset classes and investment styles to both individual and institutional investors, is focused on delivering strong investment performance and superior client service. Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. (1) Columbia Management and its affiliates comprise the wealth and investment management division of Bank of America Corporation. As of June 30, 2007, Columbia Management and its affiliates managed assets of $566.2 billion. Columbia Management and its affiliates' managed assets consist of assets under the discretionary management of the three registered investment advisors, Columbia Management Advisors, LLC ($356.1 billion), Columbia Wanger Asset Management, L.P. ($38.2 billion) and Marsico Capital Management, LLC ($93.6 billion); the Bank of America Private Bank; Banc of America Investment Services, Inc.; Banc of America Investment Advisors, Inc.; Bank of America Capital Advisors, LLC and Premier Banking and Investments. Columbia Management Group, LLC ("Columbia Management") is the investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and products for institutional and individual investors. Columbia Funds are distributed by Columbia Management Distributors, Inc., member FINRA and SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an affiliate of Bank of America Corporation. Printed from: MFWire.com/story.asp?s=15811 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |