Short Takes: Firm to Beef Up Staff To Sell Dresdner Funds

Funds Distributor Inc. is looking to hire nine wholesalers within 60 days to sell Dresdner Bank's U.S.-based mutual funds.

The Boston company was tapped in November to do sales and marketing for Dresdner RCM Global Investors LLC, the German banking company's U.S.-based investment management arm, said George A. Rio, director of client services at Funds Distributor. It has done distribution for the 12 funds for two years, he said.

Dresdner manages $29 billion of assets in the United States, including $1.7 billion in the Dresdner RCM Global Funds.

Mr. Rio said that Funds Distributor has hired Mary Michel to be the vice president managing the account. Previously she was an assistant product manager in the financial advisory arm of Warburg Pincus Asset Management of New York.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER