Alliance Capital Management Corp. has snapped up one of the best-known bankers in the mutual fund business to expand its sales through banks.

Richard A. Davies, president of First Chicago Investment Services, will start work Oct. 2 as managing director of the New York-based mutual fund company's bank sales division, Alliance confirmed.

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.