DETROIT, Jan. 3 /PRNewswire-FirstCall/ -- Todd B. Johnson has been named president at World Asset Management, a wholly-owned subsidiary of Comerica Bank with some $17 billion in indexed assets under management. Johnson previously served as managing director of World Asset Management.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)
World Asset Management was retained by Comerica as part of Comerica's sale of Munder Capital Management which closed December 29, 2006. World Asset Management was an internal division of Munder.
As part of the bank's Wealth & Institutional Management division, World Asset Management complements a comprehensive investment platform which includes Comerica Asset Management, a proprietary asset management division and Wilson Kemp & Associates, a boutique asset manager focused on private and institutional clients. Wealth & Institutional Management also offers clients a host of other private banking, trust, brokerage and insurance products and services.
Johnson has been with World Asset Management for some 20 years and also serves as the firm's chief investment officer. He is responsible for the oversight of investment management, client service, operations and product development of World Asset Management's products.
Johnson earned a bachelor's degree in Finance from Michigan State University and a MBA from Wayne State University. He resides in Oakland Township, Michigan.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Detroit, strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. Comerica Bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, and Canada and Mexico. Comerica reported total assets of $58.5 billion at September 30, 2006. To receive e-mail alerts of breaking Comerica news, got to http://www.comerica.com/newsalerts.
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SOURCE: Comerica Bank
CONTACT: Sara Snyder of Comerica Bank, +1-313-222-9617, or
slsnyder@comerica.com
Web site: http://www.comerica.com/
http://www.comerica.com/newsalerts
