MutualFundWire.com: Graziano Shares His Three-Year, Asset-Doubling Plan
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Friday, January 18, 2013

Graziano Shares His Three-Year, Asset-Doubling Plan


Steve Graziano, chief executive of Touchstone Investments [profile], wants to double his firm's assets under management from its current $14.8 billion to over $30 billion in three years.

He outlines the plan to the Cincinnati Business Journal.

What does that plan involve? Well one element is, of course, more acquisitions. Last year, Touchstone bought 17 former Old Mutual funds and 16 Fifth Third funds. He's thinking of acquiring more firms.

Well be actively looking for acquisitions, Graziano tells the Cincinnati Business Journal. Of course, all the stars have to align. Its not about buying more product; we have enough of that. Its about getting more assets."

Read more about the plan here.


Printed from: MFWire.com/story.asp?s=42742

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