AIM Hires Bitteker as National Sales Manager for Offshore Funds.Business Editors HOUSTON--(BUSINESS WIRE)--March 27, 2000 A I M Distributors, Inc. (AIM) has announced that Stephen H. Bitteker has joined AIM as first vice president and director of non-resident sales. In his role, Mr. Bitteker will be responsible for the marketing and distribution of AIM's five offshore funds, the AIM Capital Funds, in the U.S. market. AIM is a member of the AMVESCAP Group (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment services companies. Mr. Bitteker joins AIM from Massachusetts Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. International Limited, where he had served as senior partner and regional vice president of sales since 1997. As regional vice president, Mr. Bitteker had been responsible for managing a territory of over 400 active clients in five states as well as the creation of a new western territory based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Mr. Bitteker has been in the investment industry since 1990 and has specialized in the sale of offshore products since 1993. "Steve brings to AIM a thorough knowledge of offshore products and their marketing strategies," said Mike Cemo, president of AIM Distributors. "We believe his depth of experience will be a valuable addition to our sales team." AIM was founded in 1976 and ranks as the nation's eighth-largest mutual fund complex, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. independent mutual fund monitor Strategic Insight, with approximately $160 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and 6.6 million shareholders as of December 31, 1999. AIM is a subsidiary of AMVESCAP PLC, one of the world's largest independent investment services companies with $357 billion in assets under management as of December 31, 1999. Note to editors -- We are required to include the following information with our news release: The AIM Capital Funds are a family of offshore funds sold exclusively to investors outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and are not available to citizens or residents of the United States or Ireland. For more complete information about any AIM Fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
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