The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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.
“We’ll be actively looking for acquisitions,” Graziano tells the Cincinnati Business Journal. “Of course, all the stars have to align. It’s not about buying more product; we have enough of that. It’s about getting more assets."
Read more about the plan here.
Printed from: MFWire.com/story.asp?s=42742
Copyright 2013, InvestmentWires, Inc.
All Rights Reserved