MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 18, 2010 Marshall Funds Hires a Distribution Exec The Marshall Funds [see profile] has brought on board former RiverSource Investments executive Mike Robinson as director of intermediary distribution. Robinson will head up distribution of M&I's proprietary mutual fund family through registered investment advisers, broker dealers and the distribution platforms that interact with these firms. Robinson's post is newly created, said Tommy Huie, president and chief investment officer of M&I Investment Management Corp., adviser to the Marshall Funds. Robinson, who is based in Kansas City, joined Marshall Funds three weeks ago and reports to Huie and Jim Duca, managing director at M&I Wealth Management. Marshall Funds is a "good Midwestern mutual fund complex most people haven't heard of," Huie said in an interview with The MFWire.com. "We think we have a very good story to pass along to the marketplace," he said, noting that 11 of Marshall's 18 mutual funds are rated by Morningstar and seven carry four- or five-star ratings. "The performance record would be attractive to a lot of RIAs." Marshall's 18 mutual funds have a total of $8.5 billion of AUM. Most recently, Robinson was vice president and head of platform sales at RiverSource Investments, whose parent Ameriprise purchased Columbia Management's long-term asset management business in a deal that closed in April of this year. He was also responsible for U.S. distribution of RiverSource's London affiliate, Threadneedle. A Columbia spokesperson declined to comment on how Robinson's former duties are being handled. An industry source told The MFWire.com that Robinson's post was eliminated during the RiverSource-Columbia integration. Prior to working at RiverSource, Robinson spent 18 years at American Century Investments. Printed from: MFWire.com/story.asp?s=33181 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |