DAVID CARSON, BANK SALES EXECUTIVE, NAMED SENIOR VICE PRESIDENT OF VISTA BROKER-DEALER SERVICES, INC.
NEW YORK, Jan. 7 /PRNewswire/ -- The appointment of David Carson as senior vice president, Vista Broker-Dealer Services, Inc., a wholly- owned subsidiary of Concord Holding Corporation and the distributor of the Vista Family of Funds, was announced today by Richard E. Stierwalt, chairman and chief executive officer of Concord. Carson, who was formerly a sales executive with Bank of America, will be responsible for institutional asset-gathering within The Chase Manhattan Bank on behalf of the bank-advised Vista Mutual Funds as well as for developing sales opportunities among Chase corporate clients and other institutions. The appointment coincides with the launch of a new class of institutional shares for four Vista money-market portfolios that invest in various U.S. government, tax-free and global securities. Carson will report to Joseph F. Kissel, executive vice president of Concord. "We are pleased that Carson has joined our institutional sales team to focus on the Vista Funds and Chase Manhattan Bank," Stierwalt said. "During his 16 years in bank sales management he has achieved an impressive record of accomplishments. We look forward to the contributions he will now make as a member of Vista's institutional sales group." Carson had been with Bank of America since 1986, most recently as vice president of sales based in New York. Last year he was the top salesperson in the bank's sales group. Before that he was vice president, regional sales manager, in Washington, where he established a regional sales office and closed a major trust-cash management contract with the United States Department of the Interior. He has also worked for Irving Trust Company and European American Bank. A graduate of Long Island University, where he received his B.S. and M.S. degrees, Carson is a Certified Cash Manager. He is a member of the Treasury Management Association, American Bankers Association, Securities Industry Association and National Investment Company Service Association. He resides in New Cannan, Conn. Concord Holding Corporation is an administrator of bank-managed mutual funds with more than $30 billion in mutual fund assets under administration (as of Jan. 5, 1994). -0- 1/7/94 /CONTACT: Laura Berger or Stan Appenzeller of Arlen Financial Communications, 212-966-5100/
CO: Vista-Broker Dealer Services, Inc.; Concord Holding Corporation ST: New York IN: FIN SU: PER
LD-WB -- NY002 -- 0045 01/07/94 09:01 EST
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|Date:||Jan 7, 1994|
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