The Marshall Funds
] 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
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