DETROIT/Sept. 10, 2014 -- Michael T. Ritchie, president, Comerica Bank-Michigan, today announced that Comerica Asset Management Group, Comerica’s national money management firm, will be relocating its offices from Birmingham to downtown Detroit in early 2015.
“The relocation of Comerica Asset Management Group to our Michigan Market headquarters building in Detroit reaffirms Comerica’s commitment to the city of Detroit,” explained Ritchie. “We’re proud to further strengthen Detroit’s financial district with the addition of Comerica Asset Management Group, Michigan’s largest money management firm.”
Comerica Asset Management Group includes Comerica Asset Management, which provides investment management services to individual and institutional clients, and World Asset Management, which specializes in indexed investment strategies. Twenty-one Comerica Asset Management Group employees will relocate to Comerica Bank Center.
Comerica Bank, with 214 banking centers in Michigan, is a subsidiary of Comerica Incorporated. Founded in Detroit in 1849, Comerica continues to invest in Michigan. Comerica recently committed $1 million to the Detroit Institute of Arts “grand bargain” that will help the City of Detroit emerge from bankruptcy, support city pensioners and protect the museum’s art collection for the public. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow us on Twitter at @ComericaCares.
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