Leading global asset manager enhances U.S. presence

Threadneedle, a leading global asset manager based in London, is to expand its presence in the US market.

As part of its latest stage of global growth, Threadneedle, already an established asset manager across Europe, is launching its brand in the US through RiverSource Investments, to whom they are an affiliated subadvisor. Threadneedle currently manages four RiverSource mutual funds, which have now been re-branded with the Threadneedle name and identity in a move that will clearly differentiate Threadneedle products from RiverSource domestic fund offerings and demonstrate Threadneedle’s strong commitment to growing its US presence. Both Threadneedle and RiverSource Investments are wholly owned subsidiaries of Ameriprise Financial, Inc., (NYSE: AMP).

Threadneedle and RiverSource Investments have hired two Senior Product Specialists representing the East and West coasts of the US. David Wonn and Michael Robinson will work with Threadneedle’s Head of US Distribution, William Lowndes, to support the wholesaling teams that sell Threadneedle funds to advisors and third party platforms and distributors. They will also have a long term focus on developing Threadneedle’s institutional business.

William Lowndes, Threadneedle Head of U.S. Distribution, said: “We are excited to establish the Threadneedle name and brand in the U.S. marketplace as we continue to expand our global presence. U.S. investors seeking superior returns will welcome our active, high alpha generating investment management style. As US investors look increasingly to diversify beyond their traditional commitment to US Equities, we are looking forward to bringing the outstanding Threadneedle Global Equities offering to the U.S. retail and institutional markets.”

Crispin Henderson, Threadneedle Chief Executive Officer, added: “We have ambitious growth plans and believe that a strong, relevant and distinctive brand is a key part of delivering a successful and sustainable operation for the future. We are committed to expanding our range of retail mutual funds and providing greater access to our products for institutional investors to bring the full benefits of our comprehensive investment capabilities to U.S. investors.”