Threadneedle strengthens US presence

Threadneedle is teaming up with RiverSource to distribute institutional products in the US. The group is currently subadviser to four of RiverSource’s mutual funds which will be re-branded with the Threadneedle tag to differentiate them from RiverSource’s domestic fund offerings. Two senior product specialists David Wonn and Michael Robinson, have also been hired to support the wholesaling teams and head of US distribution William Lowndes. Both Threadneedle and RiverSource Investments are wholly owned subsidiaries of Ameriprise Financial. The funds that will be re-branded as detailed...