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Monday, April 28, 2008

GEAM Makes a Sub-Advisory Hire

News summary by MFWire's editors

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  

Edited by: Erin Kello

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