PNC Capital Advisors, LLC is based in Pittsburgh, Pennsylvania. The firm launched its first mutual fund, the Government Money Market Fund, in March 1987. Today, PNC's family of more than 30 funds includes domestic and international equity, taxable and tax-exempt fixed income, and money market portfolios.
In late 2008, PNC's parent company PNC Financial inked a deal to acquire Cleveland-based National City Bank for $2.5 billion, using funds from the U.S. Treasury. Nine months later, in September 2009, National City Bank subsidiary Allegiant Asset Management merged with PNC Capital Advisors to create the new entity PNC Capital Advisors LLC. Allegiant president John Abunassar left the company when the plan was announced.
The merger of the PNC and Allegiant fund families became complete in February 2010.
Kevin McCreadie, PNC Capital Advisors' CEO since 2004, retained his post in the combined organization.
Mark Redman President and Director, PNC Capital Advisors
Linda Carley Chief Compliance Officer ,
James Pike Financial Operations Principal,
Kevin McCreadie President, Chief Investment Officer ,
Edward Veilleux Chief Compliance Officer , PNC (Victory Funds)