AMR announces name change

In a largely cosmetic move, American Airlines’ investment advisory firm has changed its name to American Beacon Advisors.

Investment advisory firm AMR Investments Services announced a name change Monday to American Beacon Advisors.  

William Quinn, president of American Beacon, said the change only affected the company’s name and marketing appearance, not services offered by the firm. Key management personnel, including Michael Fields and Nancy Eckl, who oversee the company’s portfolio management teams, as well as Brian Brett, who manages the sales and client services team, will remain.

American Beacon closed a third-party private equity fund-of-funds in 2002 on $64.1 million, short of its initial $100 million target. The company’s mutual fund line, known as the American AAdvange Funds, is being rechristened as American Beacon Funds.

The company’s investment officers began managing the American Airlines pension fund in the early 1980s, leading to the formation of AMR Investments as a subsidiary in 1986.

American Beacon Advisors now offers 18 domestic mutual funds, separate account management, private equity investing, off-shore funds and corporate cash management. It had $37.6 billion in total assets as of last month.