Scudder Kemper Investments has reshuffled its management structure as part of an effort to improve its position in the direct sales mutual fund business.

Scudder Kemper has consolidated its two previously autonomous direct-sales fund businesses -- Scudder Direct and the AARP Investment Program, the Scudder funds marketed to members of the American Association of Retired Persons. The firm named Lin Coughlin, 46, to lead the combined group.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.