NORTHBROOK, Ill. -- Allstate Investment Management Limited -- an indirect wholly-owned investment management subsidiary of The Allstate Corporation -- crossed over borders today with the opening of Allstate Investment's first overseas office in London.
The addition is being labeled by the company as the next step in a quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby"
quest after, go after, pursue
look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the the best assets and strategies to back Allstate's products.
"Having investment professionals in London helps Allstate Investments compete in the marketplace and with our peers -- the global "brand names" of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
..... Click the link for more information. companies," said Ric Simonson, Allstate Investments chief investment officer.
Simonson explained that Allstate Investments expects to enhance its network of global relationships across numerous strategies.
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"As the world's financial markets become more integrated and globalization globalization
Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation deepens its roots, closer contact with our existing international investments will help us source new investments for the company's portfolios," said Patricia Wilson Patricia Wilson was a popular writer of 53 romance novels in Mills & Boon from 1986 to 2004. Bibliography
* The Final Price (1986)
* Bride of Diaz (1986)
* A Lingering Melody (1987)
* Moment of Anger (1987)
, Allstate Investments senior managing director for Global Strategies.
Wilson noted that this initiative allows Allstate Investments to take the next step in a quest to find the best assets and strategies in the European market that will back our products and provide better returns to all our portfolios.
"The need and opportunities are clear," explained Simonson. "Our current European holdings and London's place as the financial services capital of Europe made London the obvious choice for us. We're excited by the opportunity to build new and mutually profitable relationships through our local presence. Access to all of the partners we need to be successful is critical for us."
The office is expected to be fully functional by Spring 2008.
The Allstate Corporation (NYSE NYSE
See: New York Stock Exchange : ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate[R]" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose.
Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,600 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate[R]. Encompass ENCOMPASS Enhanced Consequence Management Planning and Support System (DARPA) [R] and Deerbrook[R] Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity annuity: see insurance. annuity
Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities.
..... Click the link for more information., banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.
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Date: Oct 3, 2007
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