The incoming head of Evergreen Funds' distribution system will have a much bigger system to work with.

Maryann Bruce will start as the president of Evergreen Distributors Inc. on Oct. 1 -- the same day that the parent, First Union Corp. of Charlotte, N.C., is to buy Everen Capital Corp., a Chicago broker-dealer.

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.