Money Management Executive Latest News

Toronto-based Mackenzie Financial Corp. said last week that it will call a shareholder meeting in May to consider a bevy of changes to its fund lineup.

Deutsche Bank says it plans to leverage its September acquisition of Zurich Scudder Investments and its hiring last week of a former Putnam executive to build a brand presence for its asset management unit in North America.

A recent survey from American Century showed that nearly one-third of the investors surveyed said they would consider pulling money out of their retirement accounts early if they lost their jobs.

The Vanguard Group plans to reorganize two stock funds managed by Provident Investment Counsel and Schroder International into two new Vanguard products.

AIM Distributors, the retail marketing arm of AIM Management Group, has added institutional share classes to nine of the company's funds.

Stuart Novek, Janus' chief marketing officer and head of retail marketing, has said that April 5 will be his last day with the firm. Novek's resignation was "simply a personal choice that he's made," according to Janus spokeswoman Shelly Peterson, who said Novek has no plans to go to another firm.

Principal Financial Group has made two appointments in preparation for the retirement of Dennis Francis, head of Principal Capital Management.

Pilgrim Baxter and Assoc. announced last week that it has hired Frank McAleer as head of PBHG Funds Distribution. The role, which was handled jointly by several of PBHG Funds' executives, is newly created, according to a spokesman for Pilgrim Baxter.

The board of directors of Lincoln National Corp., the parent company of Lincoln Financial Group, has promoted Dennis Schoff to senior VP and general counsel, the company said today.

AIM Management Group has named Pat Bray senior VP and national sales manager of Fund Management Co., AIM's institutional marketing subsidiary. Bray will head up a 12-person sales staff charged with distributing the firm's institutional money market funds.