Linda Coughlin, head of Zurich Scudder Investments U.S. mutual fund group, is leaving the firm as part of an overall reorganization resulting from the firms merger with Deutsche Asset Management, according to Joan Gallagher, a spokeswoman for Zurich Scudder.
Zurich Scudder is being acquired by Deutsche Bank, but that transaction is not yet complete. "The whole organization will be a little different after the merger is complete," said Gallagher. "With [Coughlin], its not like a one for one swap."
Coughlin will stay on with the firm as an advisory managing director after the merger, Gallagher said. Mark Casady, a managing director at Zurich Scudder, will take over the mutual funds group, she said.