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A debutante of questionable pedigree.
Insurer faces doubts on eve of IPO party
With three insurance companies set to go public this year, including his own, Robert Fiondella must feel like the ugly stepsister on her way to the ball.
After all, the CEO of Phoenix Home Life Mutual Insurance Co. is still wiping from his face cake thrown by one of its biggest business partners.
Last February, in an unpublicized move, Merrill Lynch & Co. Inc. terminated Phoenix's Duff & Phelps money management unit from its Consults managed account program.
In a letter to its brokers obtained by InvestmentNews, Merrill cited chronic turnover of the unit's investment team since 1997, and the February departure of veteran equity portfolio manager Diane Mustain.
Phoenix declined to comment, but others say the damage could be significant.
"The managed-account business is the one they are most proud of as far as growth potential," adds Rick Marano, a director and analyst with Standard & Poor's in New York.
- NBA Basketball: NBA Matchup - New York at Phoenix.
- News wire article from: Sports Network February 14, 2003 700+ words
...Phoenix 9-17 Current Streak: New York (L2); Phoenix (L1) Record vs. Pacific Division...lost two of its last three at Phoenix. Note - New York has won three of its last five at Phoenix. Note - New York has lost nine of its last 12 at...
- NBA Basketball: NBA Matchup - Phoenix at New York.
- News wire article from: Sports Network January 26, 2003 700+ words
...New York 5-12 Current Streak: Phoenix (W1); New York (L1) Record vs. Atlantic Division...lost two of its last three at Phoenix. Note - New York has won three of its last five at Phoenix. Note - New York has lost nine of its last 12 at...
- Phoenix Named A Preferred Life Product Provider by The Bank of New York.
- Press release article from: Business Wire April 7, 2005 700+ words
...Through The Bank of New York, Phoenix will now offer its...clientele." The Bank of New York selected Phoenix for its innovative...more information on Phoenix, visit www.PhoenixWealthManagement...About The Bank of New York The Bank of New York...
- Clear Channel Radio Names New York, Phoenix Market Leadership.
- Press release article from: Business Wire December 12, 2008 700+ words
...Industry-Leading New York Cluster Jeff England...Market Manager in Phoenix SAN ANTONIO...Market Manager in Phoenix. Both appointments...operations for the seven New York City and Long Island...Clear Channel Radio Phoenix thrives." About Clear Channel Radio New ...
- The Bank of New York Wins Transfer Agency Business from the Phoenix Companies,...
- Press release article from: Business Wire August 16, 2004 700+ words
...The Bank of New York, a global leader...been awarded The Phoenix Companies, Inc...division at The Bank of New York, said, "We have...collaborating with Phoenix to advance their...dating back to 1851, Phoenix's corporate offices...Connecticut. The Bank of New York ...
- NEW YORK RALLIES TO BEAT PHOENIX.(SPORTS)
- Newspaper article from: The Cincinnati Post (Cincinnati, OH) February 26, 2000 700+ words
...Johnson 0-3). Fouled out-None. Rebounds-Phoenix 46 (Kidd 10), New York 47 (Sprewell 11). Assists-Phoenix 25 (Kidd 13), New York 20 (Childs 5). Fouls-Phoenix 21, New York 14. A-19,763 (19,763). JAZZ 96, MAGIC...
- Phoenix Partners Launches Equity Derivatives Markets Groups in New York,...
- Press release article from: Business Wire February 25, 2009 700+ words
NEW YORK -- Phoenix Partners Group, a leading interdealer...geographic expansion." ABOUT PHOENIX PARTNERS GROUP Founded in 2005, Phoenix Partners Group is a leading...interdealer broker with offices in New York, London, and Paris. Focused...
- 'The Desert Is a Myth' Campaign Is Real in New York's Times Square; New Greater...
- Press release article from: PR Newswire December 8, 2004 700+ words
PHOENIX, Dec. 8 /PRNewswire...temperatures in New York City, two new...opportunities that the New York marketplace provides to Greater Phoenix. The GPCVB intends...experiences that make the Phoenix destination attractive. "New York provided a fabulous...
