MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 28, 2008 GEAM Makes a Sub-Advisory Hire GE Asset Management is signaling a new focus on sub-advisory relationships with a new hire. Dawn Tutje, formerly head of the third- party intermediary new business team at U.S. Trust, has been hired by GEAM as senior vice president, director of sub-advisory sales. Tutje will report to Joe Connors, senior vice president – VA and sub-advisory distribution. Company Press Release Stamford, CT – April 24, 2008 – GE Asset Management Incorporated (GEAM) today announced that Dawn R. Tutje has been appointed Senior Vice President, Director of Sub- Advisory Sales, and will lead GEAM’s efforts to grow and enhance its sub-advisory relationships across asset classes. She joins GEAM from U.S. Trust, where she led its third- party intermediary new business team and significantly grew the firm’s sub-advisory and DCIO asset and client base during her tenure. She has also held sub-advisory and retirement-related roles with UBS Global Asset Management, Zurich Scudder, and worked in institutional sales at Bank of New York / Irving Trust. Tutje brings over 25 years of industry experience to GEAM. She received her BA from the University of Texas. Tutje reports to Joe Connors, Senior Vice President – VA and Sub-Advisory Distribution. “Dawn represents leading talent in sub-advisory sales and brings extensive experience and knowledge to GEAM, positioning us for growth in a channel that is of critical importance to our business,” said Connors. “We are focused on building strong, long-lasting sub-advisory relationships in the marketplace and she will be essential to our ability to develop them.” “We recognize the importance of a focused resource to our efforts in this area,” added Mike Cosgrove, President and CEO – Mutual Funds for GEAM. “Our institutional investment experience translates perfectly to this channel and we’ve chosen a talented individual to spearhead our strategy to reach the market.” GE Asset Management GEAM is a global asset manager wholly owned by General Electric Company, a diversified technology, media and financial services company. Built on an 80-year heritage of investment experience, GEAM today manages approximately $182 billion (as of March 31, 2008) in total assets. Portfolios managed by GEAM and its subsidiaries include $85 billion in client assets for leading institutions and individual investors around the world, and the $57 billion GE U.S. Pension Trust, an overfunded plan to which the company has not made a contribution since 1987. Investment strategies are offered across all major asset classes, including U.S. and international equities, fixed income, and alternative assets. GE Investment Distributors, Inc., Member FINRA & SIPC, is a wholly owned subsidiary of GEAM. ### For further information, contact: Chris Linehan, GE Asset Management Incorporated (203) 708-3193 Printed from: MFWire.com/story.asp?s=18082 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |