National City Corp. has launched a registered investment adviser to serve institutional investors and retirement plan sponsors.

National City Investment Management Co., which registered with the Securities and Exchange Commission in August, manages about $22 billion of assets. Though a subsidiary of $88 billion-asset National City, the investment unit is structured as an independent company, with its own profit-and-loss statement.

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.