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HANS P. ZIEGLER NAMED PRESIDENT OF STEIN ROE & FARNHAM INVESTMENT COUNSEL

 CHICAGO, July 8 /PRNewswire/ -- Hans P. Ziegler has been named president of Stein Roe & Farnham Investment Counsel, Timothy A. Schlindwein, Stein Roe & Farnham Incorporated chairman and chief executive officer, announced today.
 Ziegler joins Stein Roe & Farnham from the Pitcairn Financial Management Group, where he was president and chief executive officer.
 "Hans Ziegler brings to Stein Roe & Farnham a wealth of experience in working within the high-net-worth marketplace, and is keenly attuned to the needs of this specific type of client. We are delighted that he has decided to join Stein Roe & Farnham Investment Counsel to build upon our more-than-60-year heritage."
 "Traditionally one of our organization's greatest strengths has been the investment counseling we have provided to our high net worth clients," Schlindwein said. "In fact, this business was the wellspring for our high net worth clients," Schlindwein said. "In fact, this business was the wellspring for our other business units. We have never forgotten that our commitment to the highest levels of client service and superior investment performance is behind the success of our firm, and what will drive our growth in the years to come. Hans joins Tim Armour, president of SteinRoe Mutual Funds, Roger Bransford, president of Stein Roe & Farnham Institutional Asset Management, and Harvey Hirschhorn, director of research, as members of the senior management team whose challenge will be to competitively position Stein Roe & Farnham for the next 60 years."
 Ziegler joined the Pitcairn Financial Management Group in 1989 from the Boston Company, where he was an executive vice president in the firm's Individual Client Group. Prior to that position, he was a senior vice president/group executive with Chase Manhattan Bank's Domestic Private Banking area. Ziegler started his career with Manufacturers Hanover Corp. in 1967 in the Trust and Estate Administration Division. Ziegler is a 1963 graduate of Georgetown University with a BS in Economics. He earned his MBA from New York University in 1971.
 Stein Roe & Farnham Incorporated, a subsidiary of Liberty Financial Companies, was founded in 1932 and today has more than $29 billion in assets under management. The firm provides professional investment management for individual clients and institutions. The firm is also investment adviser to the SteinRoe family of 15 no-load mutual funds, as well as five sales-force-marketed Liberty Financial funds. Stein Roe & Farnham serves clients worldwide from its Chicago headquarters and regional offices in Cleveland; Fort Lauderdale, Fla.; Minneapolis; New York; Scottsdale, Ariz.; and Puerto Rico.
 -0- 7/8/93
 /CONTACT: Martin Gawne of Stein Roe & Farnham Incorporated, 312-368-8126/


CO: Stein Roe & Farnham Incorporated ST: Illinois IN: FIN SU: PER

TS -- NY034 -- 9422 07/08/93 10:23 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
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