Boston-based MFS Investment Management is looking to beef up its internal sales team in light of its recent rebranding efforts, according to Jim Jessee, president at MFS Fund Distributors, Inc., the distribution arm of the firm’s U.S. fund business.
According to Jessee, the firm’s external sales force in the U.S. covering the defined contribution investment only and Registered Investment Advisors channels equal some 90 individuals and its internal sales force has approximately 60 people. “We are actively hiring on the internal sales force side,” Jessee told Money Management Executive.
“We’d like to get that ratio closer to 1:1. On the external side, we’ll continue to look where we have opportunities but we will not be doing any massive wholesaler hiring campaign.”