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Tuesday, January 25, 2000 New Citigroup Fund Head Plans Expanded Distribution Citigroup recently hired Kenneth Dowd to run its retail mutual fund business. Dowd joined Citigroup in late December as Director of Investments for Citibank's global retail investment unit. He will be in charge of all sales and marketing for the Citi's funds and reports directly to Robert Lipp, ceo of Citigroup's global consumer group.
"While there might be some redirection and fine tuning of distribution, we already have a strong position worldwide," said Dowd, adding that a possible direction for expansion of distribution would be via the Internet. "I will be looking at remote distribution issues in the near future, like possible Internet expansion," he said, "which could act as a strong complement to our direct sales force." Dowd is the former head of Cowen & Co. asset management division. He left Cowen soon after the bank was acquired, in early 1999, by Societe Generale. Printed from: MFWire.com/story.asp?s=25484 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |