GEAM Beefs Up its Mutual Fund Sales Team
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Wednesday, April 16, 2008

GEAM Beefs Up its Mutual Fund Sales Team

GE Asset Management is building out its U.S. mutual fund advisor sales and support team. The company has added seven new members in total. New additions include: five regional sales directors; Robert Mulligan, national account manager; and Vincent Leon, inside sales and service leader.

Mulligan was previously with Transamerica as divisional vice president of the Eastern U.S. Leon joined GEAM from Legg Mason, where he was assistant vice president and wholesaler desk supervisor for two years.

Company Press Release

Stamford, CT – April 16, 2008 – GE Asset Management Incorporated (GEAM) today announced seven additions to its U.S. mutual fund advisor sales and support team, including five regional sales directors, a national account manager and an inside sales leader:

Regional Sales Directors and their territories include George Fraser, Northeast Region; Todd Kobrin, Atlantic Region; Michael Woerner, Midwest Region; Charlie Anderson, Southern Region; and John Harty, Northwest Region. As regional leaders, they will seek to continue to expand sales of the GE Mutual Funds by partnering with advisors and providing product knowledge, best practices and market intelligence.

Robert Mulligan, a 20-year industry veteran, has joined GEAM as National Account Manager and will focus on growing and servicing the firm’s major intermediary client base, including mutual fund platforms. He will also team with the firm’s regional sales directors to expand their key relationships throughout the U.S. In addition, he will seek to help GEAM clients enhance their business models on an ongoing basis using GE best practices and expertise.

Vincent Leon has joined GEAM as Inside Sales and Service Leader and will focus on expanding his existing team to service advisor relationships and support GEAM’s regional sales directors with the growth and maintenance of their accounts. His group will also serve a critical role in the firm’s efforts to add value to its clients’ business models.

All seven positions report to Joe Lydon, National Sales Manager for GEAM’s advisor sales channel. “We’ve indicated our commitment to bringing GEAM’s investment expertise to advisors by dramatically adding to our sales team, including the addition of a number of senior, experienced industry professionals,” said Lydon. “Our sales leaders are strategically positioned throughout the U.S. and represent the greatest reach of our sales presence to date. In addition, we’re building our inside sales and service capabilities, starting with our hiring of a new team manager.”

“As we build our team, we enhance our capability to succeed in this competitive market and focus on our core strategy. We’re excited about the growth of our team and the way in which we’ll be able to continue to bring our experience to advisors interested in harnessing the power of GEAM and the GE global network for their clients’ portfolios,” added Mike Cosgrove, President and CEO – Mutual Funds for GEAM. George Fraser joins GEAM from BlackRock/State Street Research where most recently he was Vice President – New England, with wholesaler responsibilities for mutual fund sales to the retail account channel. His previous experience includes roles as regional and inside wholesalers during his 13 years with State Street Research. He has 15 years’ industry experience and attended the University of New Hampshire.

A 20-year industry veteran, Todd Kobrin previously served as a Regional Vice President for Evergreen Investments, where he was a wholesaler of mutual funds, separately managed accounts, closed-end funds, 529 plans, and hedge funds. He has held positions at several fund companies during his career, including Bear Stearns Funds and Keystone Funds. Kobrin received his BS in Marketing and Management from the State University of New York College at Buffalo. Michael Woerner joins GEAM from AXA Enterprise Fund Distributors, where he spent 15 years in both sales and management, most recently as Senior Vice President of their Great Lake Region. Michael has 29 years’ experience in the securities industry. He began his career in 1979 at Paine Webber and has worked at Merrill Lynch and Smith Barney. Michael graduated from Augustana College in Rock Island, Illinois with a BA in Political Science Education. Charles Anderson joins GEAM from Victory Capital Management, where he was a Regional Sales Director wholesaling separately managed accounts, mutual funds and hedge funds to all major wire houses. He has held Vice President and Managing Director positions with overlay portfolio manager Placemark Investments and asset manager Harris Bretall Sullivan & Smith, respectively. In addition, he brings retail experience from Morgan Stanley. Anderson has 14 years experience in the investment industry and received his BBA in Marketing from Texas Christian University. John Harty joins GEAM from Centurion Alliance Inc., WCM Investment Management, where he was a Regional Director responsible for the sales and marketing of WCM Investment Management portfolios to institutional, private wealth management and retail channels in the Western U.S. He has held sales roles with Avatar Associates, Rydex Investments and Ivy Funds, with involvement in areas such as sub-advisory and quantitative tactical asset allocation strategies. He received his BS in Business and Finance from Mount St. Mary’s University. Robert Mulligan previously worked for Transamerica as Divisional Vice President – Eastern U.S., where he built a wholesaling force for the wirehouse / regional distribution channel on the East Coast. Prior to his tenure at Transamerica, he held wholesaling roles at firms including GE Capital, GE Investment Management and Keystone Investments. Mulligan has over 20 years’ industry experience and received his BA in Economics from the University of Rhode Island. Vincent Leon joins GEAM from Legg Mason Inc. (formerly Citigroup Asset Management), where he was Assistant Vice President and Wholesaler Desk Supervisor for two years. While there, he also served as an internal wholesaler, working with separately managed accounts, domestic and offshore mutual funds, 529 plans, 401(k) plans, and annuities. He brings ten years of industry experience to GEAM. Leon received his BS in Finance from Manhattan College. 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 $190 billion (as of December 31, 2007) in total assets. Portfolios managed by GEAM and its subsidiaries include $89 billion GE Asset Management in client assets for leading institutions and individual investors around the world, and the $60 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

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