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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.
- 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 ...
- 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...
- ATA Announces Service to New York and Phoenix To/From Indianapolis; Carrier to...
- Press release article from: Business Wire June 3, 2002 700+ words
...offer non-stop service to New York-LaGuardia and Phoenix beginning September 16...Indianapolis for service to New York and Phoenix and more flight frequencies...landing. Sale fares to Phoenix and New York are valid for travel 9...
- American Airlines Brings a Slice of the Big Apple to Phoenix; Airline Offers...
- Press release article from: PR Newswire February 5, 2004 700+ words
...daily nonstop flights from Phoenix to New York's John F. Kennedy Airport...daily nonstop flights from Phoenix to New York. The first flight will leave...celebrating the launch of the new Phoenix-New York JFK service with fares as low...
- Phoenix House Names John Ralosky to Lead New York Region.
- Press release article from: PR Newswire February 20, 2007 700+ words
NEW YORK, Feb. 20 /PRNewswire/ -- Phoenix House, the nation...improve and expand the Phoenix House service system in New York. According to the New...the Empire State. "New York is where Phoenix House began 40 years...
- Phoenix Chefs Woo New York Visitors With Bold Southwestern Cuisine Ideas;...
- Press release article from: PR Newswire October 16, 2002 700+ words
NEW YORK -- Greater Phoenix chefs are spending this week in New York to convince visitors that their Southwestern oasis...chefs from four resorts will also be marketing the Phoenix area in New York City this week. Chefs traveling to New York include...
- PHOENIX NETWORK BEGINS PHASE II OF NATIONAL EXPANSION; OPENS OFFICES IN NEW...
- Press release article from: PR Newswire February 17, 1994 700+ words
...sizable source of new revenue for Phoenix," Curtis continued. The New York Regional Office is Phoenix Network's first in the large...421-1616/ (PHX) CO: Phoenix Network Inc. ST: California, New York IN: TLS SU: PDT OP -- SF004...
Source: HighBeam Research, A debutante of questionable pedigree.