KANSAS CITY, Mo.--(Business Wire)--
American Century Investments announces Joseph P. Craven, 49, has
joined the firm as senior vice president of its institutional
business.
"American Century Investments has been working diligently to bring
institutional rigor to an already strong investment management
capability," said Brian Jeter, American Century Investments' chief
sales and distribution officer. "Those efforts, combined with the
addition of Joe Craven to a very solid and experienced team,
underscore our commitment to expanding our footprint in the
institutional marketplace. Joe's 25 years of public- and
private-sector experience will be invaluable in successfully
continuing the growth of our institutional business," Jeter said.
"I'm excited to be joining American Century and look forward to
continuing to build its institutional presence," said Craven. "In
addition to the company board's demonstrated commitment to
institutional investment management, I accepted the position because I
believe American Century's long-held philosophy of putting the
interests of its clients first is the foundation of all successful
institutional businesses. If we are able to contribute to the
long-term success of our clients and their beneficiaries, then we will
succeed, as well."
Craven joins American Century Investments from Aquiline
Investments, a private equity firm where he was a principal. Aquiline
Investments is the investment management arm of Aquiline Holdings LLC.
From 2002 to 2004, he served as Putnam Investment's director of
Institutional Retirement Services, where he managed their
institutional full service defined contribution business, serving 250
clients with $50 billion in assets under administration. From 1996 to
the end of 2001, he served as Putnam's director of Consultant
Relations and Institutional Product Management.
Before that, Craven joined the Office of the Massachusetts State
Treasurer as general counsel, later serving as deputy treasurer of the
Pension Investment Division. In that capacity, he was responsible for
oversight of pension plans with assets in excess of $8 billion. He
practiced public finance and commercial finance law in Massachusetts,
New Jersey and New York, where he worked as an investment banker.
Craven holds a bachelor's degree in Economics from Brown
University and a Juris Doctorate from the Fordham University School of
Law.
American Century Investments is a leading investment manager with
50 years of experience helping investors achieve their financial
goals. Serving investment professionals, institutions, corporations
and individual investors, American Century Investments offers a broad
array of products across a variety of investment disciplines. With
offices in New York, Mountain View, Calif. and Kansas City, Mo., the
company manages approximately $94 billion(1) in assets through mutual
funds, institutional separate accounts, commingled trusts and
subadvisory accounts. James E. Stowers Jr. founded the company in
1958. Jonathan S. Thomas is president and chief executive officer, and
Enrique Chang is chief investment officer. For the past nine years,
American Century Investments, which employs 1,600 people, has been
selected as one of FORTUNE Magazine's 100 Best Companies to Work for
in America. For more information about the company, visit
www.americancentury.com.
(1) Assets under management as of 2/29/2008
American Century Investment Services, Inc., Distributor
American Century Investments
Institutional Fact Sheet
American Century Investments has managed institutional accounts
for plan sponsors, foundations and endowments since 1980. The firm
offers fundamental and quantitative strategies that span traditional
asset classes in the U.S. and international markets. Investment
philosophies and processes are designed to make good stock selection
decisions and take intelligent risks, helping American Century
Investments achieve its goals of delivering superior investment
performance and building long-term relationships with clients.
American Century Investments' client roster includes:
-- Corporate retirement investment plans
-- Public retirement investment plans
-- Taft-Hartley retirement investment plans
-- Endowments
-- Foundations
Investment products offered to institutional clients:
-0-
*T
- International Equity 6 strategies
- U.S. Growth Equity 7 strategies
- Quantitative Equity 7 strategies
- U.S. Value Equity 5 strategies
- Asset Allocation 2 strategies
- U.S. Fixed Income 2 strategies
*T
Institutional Assets under management (as of 12/31/07): $30
billion
Leadership:
Joe Craven, Senior Vice President(2)
Tracie Thomas, Vice President
Ellen DeNicola, Vice President
Drew Billingsley, Director
(2) Reports to Chief Sales and Distribution Officer Brian Jeter
Number of dedicated employees 26
American Century Investments
Laura Kouri, 816-340-4710
or
Media Line, 816-340-7033
Copyright Business Wire 2008
