In an effort to better leverage their institutional product line, Merrill Lynch Investment Managers (MLIM) has restructured its U.S. Institutional Distribution Group, tapping Dick Hoag for a senior position, the company announced yesterday.
The group, which consists of sales, service and product professionals, is being restructured into the following four areas of focus: Large Market Corporate/Endowments, Foundations and Public Funds, Consultants, and Channels. James Kase heads the group.
MLIM has more than $533 billion under management and offers equity and fixed-income, active and passive products to retail and institutional clients worldwide. The U.S. institutional business has more than $100 billion in assets under management.