In the wake of an exodus of disgruntled clients, NationsBank Corp. has formed a new subsidiary that will specialize in managing fixed-income investments for institutional investors.

The new unit, Boatmen's Capital Management Inc., was created only weeks after several large union pension plans in Missouri-including the Missouri State Employees Retirement System-yanked assets out of the bank.

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.