Chase Manhattan Corp. is crafting a major new initiative to get more banks to sell its mutual funds.

The New York banking company expects to sign an agreement by yearend to get an outside expert to boost Chase's fund sales through bank-affiliated brokers and trust departments, said Steven R. Samson, vice president and mutual fund product director for Chase's Vista Capital Management division.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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