Charles Manzoni Named New General Counsel; Doug Paul Named Chief Compliance
MINNEAPOLIS, July 27 /PRNewswire-FirstCall/ -- U.S. Bancorp Asset
Management announced today that it has named Charles Manzoni as its new
general counsel. Manzoni joins the firm from Gardner, Carton & Douglas, a
Chicago law firm that, until recently, was the independent counsel for the
mutual funds advised by U.S. Bancorp Asset Management. The firm also announced
that Doug Paul has been named new chief compliance officer. He was previously
a partner at the Kirkpatrick & Lockhart law firm in San Francisco.
Charles Manzoni -- Manzoni, with more than 30 years of securities law
experience, will be responsible for all legal and compliance issues involving
Asset Management and First American products. In addition to more than 20
years of experience in private practice at Gardner, Carton & Douglas, Manzoni
served as executive vice president and general counsel for Zurich Kemper
Investments, where he managed a legal staff and was responsible for oversight
of a variety of legal functions, including acquisitions, regulatory
compliance, litigation, contract negotiations, and employee benefits. Manzoni
received J.D. and B.A. degrees from the University of Santa Clara and began
his legal career with the Securities and Exchange Commission in Washington,
D.C. He is an expert in securities law and serves as an adjunct professor in
the Financial Services Law Program sponsored by ITT Chicago-Kent College of
Doug Paul -- Paul, with more than 22 years of experience, is well known in
the financial industry for his expertise in compliance management and
investment law. He was a member of the investment management practice group in
Kirkpatrick & Lockhart's San Francisco office. Prior to that, he served as
director of compliance and associate general counsel at American Century
Investments in Mountain View, Calif. He also served as general counsel and
director of compliance at the Benham Group in California. Paul received a J.D.
degree from the University of Santa Clara, a Ph.D. from the University of
Madison-Wisconsin, an M.Ed. from Boston College, and a B.S. from Northwestern
"Both Charlie and Doug are eminently qualified to head our legal and
compliance departments," said Tom Schreier, chief executive officer of U.S.
Bancorp Asset Management. "Their expertise and capability uniquely position
them to lead and enhance these strategically important functions."
About U.S. Bancorp Asset Management
U.S. Bancorp Asset Management is a national investment firm that serves as
the registered investment advisor to First American Funds and provides
customized portfolio management to private clients, corporations, public
entities, nonprofit organizations, and other institutions. The firm is one of
the nation's leading money managers, with more than $122 billion* in assets
* Total assets listed as of June 30, 2004
The fund's investment objectives, risks, charges, and expenses must be
considered carefully before investing. The prospectus contains this and other
important information about First American Funds, and it may be obtained by
calling First American Investor Services at 800.677.FUND or visiting
firstamericanfunds.com. Read the prospectus carefully before investing.
Mutual fund investing involves risk; principal loss is possible.
Investment products, including shares of mutual funds, are not obligations
of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp
affiliate, nor are they insured by the Federal Deposit Insurance Corporation,
the Federal Reserve Board, or any other agency. An investment in such products
involves investment risk, including possible loss of principal.
U.S. Bancorp Asset Management, Inc., serves as the investment advisor to
First American Funds. First American Funds are distributed by Quasar
Distributors, LLC, an affiliate of the investment advisor.
SOURCE U.S. Bancorp Asset Management, Inc.
/CONTACT: Cheryl B. Stone, Vice President, Public Relations of U.S.
Bancorp Asset Management, +1-612-303-5657/
CO: U.S. Bancorp Asset Management, Inc.; U.S. Bancorp
IN: FIN MFD
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8055 07/27/2004 06:00 EDT http://www.prnewswire.com