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Article: Nat City: Asset Unit Ready To Grow; Deal Possible.(National City Corp.)
- Article from:
- American Banker
- Article date:
- April 9, 2007
- Author:
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After spending the past three years rebuilding and restructuring, the chief executive officer of National City Corp.'s asset management unit says he is prepared for strong growth this year, organically and perhaps by acquiring an alternative investment firm.
John G. Abunassar, the chief executive officer of Allegiant Asset Management Co., said in an interview last week that the Cleveland unit has changed "dramatically" in the past three years from one with all of its investment professionals in one location to a multiboutique structure with investment professionals in five cities.
The new structure has given Allegiant more flexibility, Mr. Abunassar said. Last ...