54. Gene L. Needles Jr.
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Wednesday, November 17, 2010

54. Gene L. Needles Jr.

Gene L. Needles Jr.
American Beacon Advisors
President, CEO
The former Scudder executive faces the challenge of growing the business that was once a sleepy arm of American Airlines. Now owned by private equity giants led by Texas Pacific Group, Gene Needles is said to by in the market to buy other fund shops.

In the meantime, American Beacon [see profile] is building out what is one of just a handful of subadvised-only shops from its roots as a deliverer of defined benefit expertise to their airline's 401(k) plan.

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