Climbing the ranks
From The Wall Street Journal
The board of Fiduciary Trust Co. International, a New York global money-management firm with $46 billion in assets, elected Anne M. Tatlock as chief executive officer. In her new position, Tatlock enters into the highest ranks of women in asset management. The company has offices in Los Angeles, Miami, Wilmington, Del., and Washington. Overseas, the firm has a presence in London, Geneva, Hong Kong, Melbourne, Australia, and Tokyo. About two-thirds of the $46 billion under management is U.S. clients'.
99 days till Year 2000
From The New York Times
The United States is largely prepared for Year 2000 computer problems, according to the Senate committee that has been Congress' watchdog on the issue. However, Congress has become worried that overseas preparations could lead to economic disruptions that can hurt American businesses and generate pleas for international aid. The committee said there may be risks in many regions, including Eastern Europe, parts of Asia and Latin American, and much of Africa, but it singled out Russia, China, Italy and oil-exporting nations as its biggest worry.
UAM sheds separate accounts manager
From The Boston Herald
As reported yesterday on the MFWire.com, Boston-based UAM, once an aggressive buyer of investment firms, announced the sale of its first acquisition, Nelson, Benson & Zellmer of Denver. Over the last two years UAM has struggled over large cash outflows from some of its firms, many of which focus on old-fashioned defined benefit pension plans, rather than the growing 401(k) market.
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