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Advisors Asset Management hires two for New York Office

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Advisors Asset Management, an investment solutions partner, has announced that Michael Foggia and Victor (Rick) Perretti, Jr.

Advisors Asset Management, an investment solutions partner, has announced that Michael Foggia and Victor (Rick) Perretti, Jr. have joined the firm as executive vice presidents, effective 4 May 2009.

Foggia and Perretti, both formerly of Merrill Lynch, will have primary responsibility for leading a new company division that will expand AAM’s investment product distribution to the institutional market.

This new institutional sales and trading division will be headquartered in Manhattan.

The hires are part of a larger growth strategy to broaden the company’s distribution capabilities. While the firm will still cater to the RIA and independent broker/dealer communities, the new division will create synergies across the client continuum, complementing the AAM business model by bringing the same investment products and services to institutional clients.

‘We are delighted to welcome these two highly-qualified individuals to AAM,’ says Scott Colyer, chief executive and chief investment officer. ‘Expanding our product distribution is a major focus right now as we look to add value and investment support to the institutional market. With their deep industry expertise and decades of institutional sales experience, Mike and Rick are ideally suited to lead this important initiative.’

Foggia (43) brings to AAM over 20 years of fixed income experience. Most recently at Merrill Lynch, he was charged with managing the middle market and wholesale teams in the firm’s debt division. During his 19 years with the company, his roles included product structuring, marketing, and sales management across all genres of fixed income. His client experience ranged from the world’s largest multinational companies to high net worth individuals. Foggia began his career in structured products at Salomon Brothers.

Perretti (53) is a sell-side professional in the regional dealer community, with relationships spanning three decades. Prior to joining AAM, he served for 29 years at Merrill Lynch where he formed the fixed income wholesale initiative. In this role, he led a national dealer sales team, responsible for distribution of all fixed income products, creating the first fully-integrated debt wholesale model on Wall Street.

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