American Express Hires Vice President, Sector Leader - Liquid Assets.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 28, 2003 American Express Financial Advisors Inc. (AEFA AEFA American Express Financial Advisors AEFA Asociación Española de Farmacéuticos Analistas AEFA Average Emission Factor Approach AEFA Advanced Engineering Flight Activity AEFA Fleet Replenishment Ship (Royal Navy) ), a unit of American Express Company (NYSE NYSE See: New York Stock Exchange :AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ), today announced the hiring of James C. Jackson, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , as Vice President, Sector Leader-Liquid Assets. Jackson will provide liquid asset sector-specific strategic guidance and portfolio management for the company's retail, institutional and owned-asset portfolios. As a sector leader, Jackson will report to Michelle M. Keeley, Senior Vice President - Fixed Income Investments, and will be a senior leader in the fixed income group. In addition to overseeing investments in Treasuries, agencies and swaps, Jackson will help coordinate fixed income strategy, sector allocation Sector allocation Investment of certain proportions of a portfolio in certain sectors. See: Industry allocation. , duration and yield curve positioning across all fixed income portfolios. Jackson comes to American Express with more than 15 years experience in fixed income investing. Most recently, he worked for UBS Global Asset Management UBS Global Asset Management was the multinational investment unit of UBS AG, a very large multinational financial firm formed in 1998 from the merger of Union Bank of Switzerland and the Swiss Bank Corporation. in Chicago as Co-Head of US Investment Grade Fixed Income. Prior to joining UBS Global Asset Management, he worked as Investment Officer and Portfolio Manager in the fixed income division of Northwestern Mutual Life Insurance Company. "Jamie is a tremendous addition to our fixed income group," said Keeley. "He has considerable experience as both a sector leader and a portfolio manager and brings outstanding investment and leadership expertise to American Express." Keeley added, "With this hire, we have fully implemented a team-based, sector leadership organizational model that leverages best practices across portfolios - a model that will help us attain our goal of consistent, superior investment performance." American Express manages its U.S. investment operations from the American Express Financial Corporation headquarters in Minneapolis as well as satellite offices in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. and San Diego. The company owns and manages approximately $195 billion in assets for individuals and institutions through more than 100 investment, insurance and savings products it manufactures and services. American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking. |
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