American Express announced that portfolio managers Douglas Chase, Robert Ewing, and Nick Thakore, will remain in Boston to open a satellite office. American Express currently has money management offices in Minneapolis, London, Tokyo, and Singapore.
According to American Express’, the new Boston representatives will work domestic large-cap equity investments. Minneapolis will continue to be the center of the company’s equity and fixed income investment management capabilities.
The new hires will have the following responsibilities:
Chase will manage the equity portions of AXP Mutual and VP Managed – the fixed income portions of these portfolios will continue to be managed from Minneapolis,
Ewing will manage VP Capital Resources, as well as AXP Large Cap Equity, a new mutual fund expected to be launched this spring, and
Thakore will manage AXP Growth and its variable annuity counterpart, VP Growth
Approximately $12 billion of American Express equity assets will be turned over to the Boston team in April, according to the company.