Advisors Asset Management has named Clifford Corso as its president and CIO to oversee the firm’s nearly $40 billion in assets. Corso joins the company from Insight Investment, where he was CEO of North America for more than six years.
In his new role, Corso will be responsible for growing and scaling Advisors Asset Management and building value for strategic partners, workers, and investors, while also creating innovative investments and services.
The company said CEO Scott Colyer, who has been the firm’s CIO for 23 years, will remain actively involved in the investment management process. He will continue to implement income strategies and share insights on macro and micro economic trends, while spending more time on long-term strategic development.
“I’m pleased to join such a talented team of professionals, at a firm with a venerable history that has maintained its results-oriented, adviser-centric service model for over 40 years,” Corso said in a statement.
In addition to managing Insight Investment’s North American business, Corso has managed a range of fixed-income products, such as corporate, asset-backed, government, mortgage, municipal, credit default swap, and derivative securities.
Before joining Insight Investment, Corso spent more than 20 years at fixed-income specialist Cutwater Asset Management, where he established the firm’s asset management platform and helped grow it into one of the largest fixed-income managers in the world. And prior to Cutwater, Corso was chief portfolio manager at Rivus Bond Fund, a closed-end corporate bond fund.
“Cliff Corso is one of the most well-regarded investment professionals in our industry. He brings a tremendous level of experience and investing expertise to our company,” Colyer said in a statement. “His extensive mix of research and investment management experience is complemented by a strong commitment to collaboration and investment excellence. Cliff’s deep knowledge of the markets and strategies will benefit our clients.”
Corso earned a Master of Business Administration from Columbia University and graduated from Yale University with a degree in economics.