Bankers Trust New York Corp.'s mutual fund subadvisory business is booming, chairman Frank N. Newman said last week.

In 1997 the banking company was the fastest-growing institutional money manager in the United States, largely because it became subadviser to a number of large mutual fund companies, Mr. Newman told a gathering of bank and financial analysts Thursday night.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.