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Deals & People March 30, 2009
GMAM Takes on Promark Name
General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark).
Reported by Rebecca Moore
GMAM made the move “[i]n recognition of its growing client diversification,’ according to a press release. The change is a name change only, and does not relate to any ownership or organizational changes with respect to Promark.
The announcement said New York-based Promark manages more than $130 billion of assets, representing more than 30 employee benefit plans, foundations, and other institutional clients.