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COMERICA FORMS NEW INVESTMENT MANAGEMENT SUBSIDIARY -- WOODBRIDGE CAPITAL MANAGEMENT

 DETROIT, Nov. 16 ~PRNewswire~ -- Comerica Bank today announced its new investment management subsidiary, Woodbridge Capital Management, will locate its offices in the 100 Tower of the Renaissance Center in Detroit. Woodbridge was created through the merger of Comerica Capital Management and Manufacturers Bank's Trust Investment Department. With $18.8 billion in discretionary assets under management, Woodbridge is Michigan's largest money manager and is one of the 100 largest investment managers in the country.
 The firm serves as investment adviser to the Bank and its affiliate banks and provides investment management services to institutional investors, such as corporate pension plan sponsors, foundations, and state and municipal governments, and to high net-worth individuals. Woodbridge offers a broad range of investment services, including equity, fixed-income and balanced portfolio management, real estate and quantitative investment management. Its specialized equity products include small company and international equity funds.
 The president and chief operating officer of Woodbridge Capital Management is George C. Eshelman. Eshelman formerly was president of Comerica Capital Management. The chief investment officer of Woodbridge is Clinton P. Schloop, who formerly was senior vice president in charge of the Trust Investment Department at Manufacturers Bank, N.A.
 Woodbridge is staffed by 75 employees, including 30 portfolio managers, 12 research analysts and eight specialists in real estate and quantitative investment management.
 -0- 11~16~92
 ~CONTACT: Kathleen A. Pitton of Comerica, 313-222-4916~
 (CMA)


CO: Comerica Bank; Woodbridge Capital Management ST: Michigan IN: FIN SU:

SM -- DE017 -- 1206 11~16~92 11:12 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:248
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