's mutual fund chief is about to move on. Spokesman Jon Goldstein confirmed that Columbia Funds head Christopher Wilson
will soon leave the Boston-based Bank of America
subsidiary, with head fund administrator J. Kevin Connaughton
filling his old shoes.
Goldstein added Connaughton's move is not a permanent one and confirmed that Connaughton (and Wilson before him) reports to Columbia president Mike Jones
. He also revealed that Wilson will stay on for a little while to "help with the transition" and then leave "to pursue other opportunities," though Goldstein did not give any further details on Wilson's plans.
The move was first reported
by the Boston Globe
's Ross Kerber.
Wilson's impending departure follows news earlier this week that Columbia will keep its own brand in the wake of the Merrill Lynch
acquisition, which just closed (see MFWIRE, 1/14/2009
Goldstein told MFWire
that the move "is part of an ongoing series of organizational and leadership announcements being made as Bank of America continues its process of integrating with Merrill Lynch."
Merrill itself no longer has a mutual fund business -- the firm sold Merrill Lynch Investment Management to BlackRock
in 2006 (see MFWire, 2/15/2006
Stay ahead of the news ... Sign up for our email alerts now