Bill Devens Joins Thrivent Investment Management to Head Fixed Income Quantitative Research.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 1, 2004 Thrivent Financial for Lutherans Thrivent Financial for Lutherans (first word pronounced "THRIVE-int" — or more precisely, alluding to contractions, "thrive—n't"; IPA pronunciation: /ˈθɹaɪvɘnt/ , a Fortune 500 financial services organization, has announced that Bill Devens will join the organization as head of fixed income quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. for its subsidiary, Thrivent Investment Management, Inc. He will report to Mark Swenson, a vice president in the fixed income group. Russell Swansen, chief investment officer for Thrivent Investment Management, said that "the addition of Devens to the staff is a major step in the organization's plans to expand overall research, particularly in this area." An 11-year veteran in the investment industry, Devens joins the organization from American Express Financial Advisors in Minneapolis, where he served as risk manager for the mutual fund and institutional investment accounts beginning in 2001. Prior to that, Devens was manager of bank support and asset securitization in the treasury department at US Bancorp in Minneapolis from 1998 to 2001, director of strategic acquisition and alliance group with Residential Funding Corporation in Bloomington from 1997 to 1998 and a treasury analyst and portfolio manager at U.S. Bancorp (First Bank System) from 1993 to 1997. Before entering the investment field, Devens served as a nuclear engineer from 1987 to 1991. "Bill's resume speaks volumes. He has tremendous experience in the financial services industry, particularly in the area of risk management," Swenson said. "He brings new perspectives to the organization that will expand our capabilities." Devens has two master's degrees, one in finance from the University of Wisconsin-Madison “University of Wisconsin” redirects here. For other uses, see University of Wisconsin (disambiguation). A public, land-grant institution, UW-Madison offers a wide spectrum of liberal arts studies, professional programs, and student activities. , and one in nuclear engineering from Iowa State University Academics ISU is best known for its degree programs in science, engineering, and agriculture. ISU is also home of the world's first electronic digital computing device, the Atanasoff–Berry Computer. . He also received his bachelor's in nuclear engineering from Iowa State. Thrivent Financial for Lutherans is a not-for-profit Fortune 500 financial services organization helping nearly 3 million members achieve their financial goals. Thrivent Financial and its affiliates offer a wide range of financial solutions and has $63.6 billion (March 31, 2004) 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. . Thrivent Financial for Lutherans and its members provide approximately $200 million annually for outreach programs and activities that support congregations, schools, charitable organizations and needy individuals. For more information, visit www.thrivent.com. Securities are offered through Thrivent Investment Management Inc., 625 Fourth Ave. South, Minneapolis, MN 55415-1665, 1-800-THRIVENT (800-847-4836) a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Thrivent Financial for Lutherans. Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . |
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