
Quincy Credit Union Partners With CUSO for Investment Services
Quincy Credit Union expects to add investment management services to its suite of products following a deal with a financial institution-focused investment management firm.
Quincy Credit Union expects to add investment management services to its suite of products following a deal with a financial institution-focused investment management firm.
Morgan Stanley will buy Boston-based investment management firm Eaton Vance in a deal valued at about $7 billion.
Treasury officers should remember that a main objective of the investment portfolio is to enhance profitability while balancing the institution’s sensitivity to interest rate changes.
The investment management arm at Rockland Trust recently hit a huge milestone when it reached $4 billion in assets under management. That number will likely grow as Rockland continues to tap into new customers from its recent acquisitions. Leading the charge is Rockland Trust’s managing director and chief investment officer since 2005, David Smith.
As a senior vice president with Highland Capital Brokerage, insurance veteran Jack Gates first approached Rockland Trust intending to try to gain another client. But the more he spoke with Rockland, the more the two parties saw an opportunity to fill a void in the community bank’s investment management business.
Rockland Trust’s investment management division recently passed $3 billion in assets under management, owing largely to efforts to build its client base combined with Rockland’s acquisition activity, the bank said.