AIM Management Group of Houston has named Karen Dunn Kelley president of its institutional marketing group and appointed William Hoppe director of institutional marketing, the company has announced.
Kelley formerly served as the companys chief money market and government securities officer, a position she has held since 1992. Hoppe was AIM Fund Management Companys national sales manager. He joined the firm in 1988 as an institutional wholesaler. Both Kelley and Dunn will retain their former responsibilities, the company said.
Prior to joining AIM, Hoppe was a fixed-income and money market securities broker with Citicorp Investment Bank, according to AIM. Kelley was a trader with Federated Investors before she left the firm in 1989 to become a money market manager with AIM.
As of September, AIM had approximately $73 billion in assets under management, making it the ninth largest fund group, according to Financial Research Corporation of Boston.