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Rating:Heigh Ho, I-O: Two Fund Firms Think DC Growth Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 21, 2010

Heigh Ho, I-O: Two Fund Firms Think DC Growth

Reported by Daniel Tovrov

The 401k Round Up is a weekly column aimed at keeping mutual fund industry insiders updated on what's happening in the 401(k) industry. Below are quick takes on stories that originally appeared on The MFWire's sister publication, The 401kWire.
Two Columbia Management investment-only professionals didn't make the move to Ameriprise and instead headed to John Hancock Funds for a pair of DC I-O sales jobs.

Terence Shea and Jerry DuKatz joined Hancock's institutional business as managing director of defined contribution investment only sales relations and assistance vice president for platform relationships, respectively.

At Columbia, Shea acted as director and national sales manager for the investment only group. DuKatz left the firm as a director of national accounts.
* * *
While John Hancock added to its I-O, Goldman Sachs revealed that it was planning to follow suit. Bill McDermott, the new head of the GSAM defined contribution business, told BusinessWeek that he was growing his 20 member DC I-O unit by 10.  

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