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American Skandia Promotes Executives in Mutual Funds, Life Insurance.


Business Editors

SHELTON Shelton, city (1990 pop. 35,418), Fairfield co., SW Conn., on the Housatonic River opposite Derby; settled 1697, set off from Stratford 1789, inc. as a city 1915. Metal products, furniture, and electronic equipment are among the city's manufactures. , Conn--(BUSINESS WIRE)--Dec. 27, 2000

--Ownership of Product Areas to Accelerate Decision-making--

--Launch of New Wrap Product is Part of the Plan--

American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  Skandia, Inc. has announced the promotion of two executives to champion product areas that will take on increased significance in the company's business plan in 2001.

Michael Murray Michael Murray may refer to several people:
  • Michael Murray, a digital artist from Glasgow specialising in personal and corporate commissions
  • Michael Murray, a health psychologist from Newfoundland
  • Michael Murray, a mathematician
  • Michael Murray, an organist
 has been named Senior Vice President/National Markets Director for Mutual Funds. Patti Abram has been named Senior Vice President/National Markets Director for Life Insurance and Wrap Products. Their new responsibilities come as American Skandia prepares to launch a broad wrap-fee product portfolio in 2001 that will be marketed nationally by the company's wholesaling force. It is the first of several wrap-product introductions being planned.

"We have created two new positions where individuals in our company have complete strategic and financial responsibility for the product lines," said Wade Dokken, President/CEO. "The result will be an accelerated decision-making decision-making,
n the process of coming to a conclusion or making a judgment.

decision-making, evidence-based,
n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from
 process that will complement the aggressive sales goals we have set and attack the multiple initiatives to achieve the success we have targeted."

Murray Murray, river, Australia
Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary.
 previously was National Sales Director/ Financial Institutions channel, and was instrumental in the launch of the American Skandia Advisor Funds in 1997. Abram was National Sales Director/VLI. Their promotions, which effectively broaden their scope of responsibility to include the wrap-fee product portfolio launch, follow the hiring in November of Guy Sullivan as National Sales Director/Qualified Plans.

Variable annuities Variable annuities

Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio.
, variable life insurance and qualified plans are issued by American Skandia Life Assurance Corporation. Mutual funds are issued by American Skandia Advisor Funds. All products are distributed by American Skandia Marketing, Incorporated. American Skandia is located at One Corporate Drive, Shelton, Connecticut Shelton is a city in Fairfield County, Connecticut, United States. History
Origins
The town was split off from Stratford in 1789, as Huntington (named for Samuel Huntington).
 06484.

Call 1-800-SKANDIA for a prospectus containing more complete information on charges, expenses and tax consequences. It should be read carefully before you invest or send money. Information about the company and its products can also be found on the company web site at www.americanskandia.com.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 27, 2000
Words:327
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