People News Archives: June, 2007
Kelly Mainelli is leaving Columbia Management to become a Senior Portfolio Manager with Russell Investment Group, based in Tacoma, Washington. Mainelli, who ran tax-exempt money funds at Columbia, will report to Mark Amberson, Director of Short-Term Investments, and will manage money market and enhanced cash portfolios including securities lending cash. Russell's team manages approximately $17 billion in domestic and offshore short-term investments.
HSBC Investments has appointed Richard Bottomley Head of Pan European Liquidity Distribution. Bottomly will report to HSBC Investments Global Head of Liquidity Peter Knight and will "aim to promote HSBC's full range of intelligent investment solutions to organisations wanting to make their cash reserves work harder," according to a press release.
Portfolio manager Mike Sheridan is no longer with The Reserve. No further details were available.
Kevin Bannerton is now a Managing Director and deputy head of the Americas cash business at Deutsche Asset Management, distributing DWS Scudder money funds under MD and Head of Global Cash Joseph Sarbinowski. Bannerton previously was a product specialist for cash at BlackRock and sold liquidity products at Merrill Lynch.
Joe LaSpina is now a VP and relationship manager (NY area) for AIM Investment's Fund Management Company (FMC). AIM has also hired Drew Biegel as institutional client coordinator, responsible for institutional marketing efforts nationwide. Both LaSpina and Biegel were formerly with Dreyfus and previously with Alliance.