PineBridge Amplifies Distribution10.03.2011
The AIG spin off asset manager ups its distribution platform.
On October 3, PineBridge Investments appointed John Baumann as head of institutional sales and client service for the Americas region. Baumann will work under Sandra Norman, global head of institutional sales and client service for PineBridge.
In this role, Baumann will lead PineBridge’s institutional business development and client service efforts in the region. The firm, formerly under the ownership of American International Group (AIG) was sold to Pacific Century Group in 2010.
PineBrige has 76 billion in assets under management, and offers an array of products for institutional and individual investors across a platform of listed equity, fixed income, private equity and alternative capabilities.
“He is one of the most respected institutional sales professionals in the U.S. and Canada and his experience and deep market knowledge will make him an invaluable addition to the firm,” Norman said of Baumann’s post. “His appointment is an important step forward in the implementation of our global growth strategy, and demonstrates our commitment to deepening our relationships with current institutional investors and to broadening the firm’s client base.”
Baumann’s 35 year career in institutional sales and distribution includes prior positions as managing director and head of the U.S. regional client group at J.P. Morgan Asset Management. Previously, he spent seventeen years at IBM in marketing and management capacities.
“I’m very enthusiastic about joining PineBridge at such a pivotal time in the firm’s development, and I am looking forward to working with PineBridge’s valued clients and talented product specialists,” said Baumann in a statement. “The firm’s truly global offering and its breadth of products across equities, fixed income and alternatives, coupled with management’s compelling strategic vision, all offer a great opportunity to realize its exciting ambitions of growth and industry leadership.”
Baumann could not be reached for proprietary comment by press time.