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Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. [1] It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.
Under Cracchiolo's leadership, Ameriprise completed its $1.2 billion acquisition of Columbia Management's long-term asset management business from Bank of America Corporation in May 2010. [5] This deal is expected to improve the profit margins of Ameriprise's asset management business by 25 percent within two years and make Ameriprise the ...
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives.
Columbia Management Group and Threadneedle Asset Management were subsidiaries of Ameriprise Financial which were acquired in 2010 and 2003 respectively. Columbia Management was the asset management business of Bank of America. [1] [2] [3] [4]
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GlobalLogic got its start in 2000 as Induslogic in India, a provider of outsourced software and product development services. Induslogic maintained a service delivery center in Noida . Peter Harrison was appointed CEO in 2001 and Vasudev Bhandarkar joined the board in 2004.