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Amalgamated Bank Investment Management Division

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Amalgamated Bank Investment Management Division

Overview:

Amalgamated Bank's Investment Management Division has been dedicated to the management and administration of employee benefit plan assets since 1973. Today, with more than $30 billion in assets under management and custody, we understand the unique dynamics of managing jointly-administered trust funds. We work with over 700 pension and benefit plans in providing a full range of custodial services and investment strategies. Click on the links below to find out more about our Investment Management Division.

Amalgamated Bank offers comprehensive and flexible Custody Services to meet a wide range of client needs and circumstances. Our goal is to help each client not only maximize efficiency, but also measure and manage risk and positively impact portfolio performance.

Amalgamated Bank offers a comprehensive Proxy Voting Services for all our equity commingled funds. The service is designed to ensure that the votes pertaining to all of a strategy's invested assets are cast consistently and in accordance with the fiduciary duties of loyalty and prudence.

Amalgamated Bank uses its power as a shareholder to advocate its Corporate Governance Services in order to encourage corporate boards to pursue sound governance policies and protect shareholder value. The Amalgamated investment Management team continually monitors companies in the portfolios using performance and practice screens. Areas of concern are addressed using a variety of methods.

Amalgamated seeks to maximize returns consistent with a strategy's risk parameters, while addressing governance and corporate practices issues in order to build a stronger and more positive investment environment.

History:

The Amalgamated Clothing Workers of America (ACWA) founded Amalgamated Bank in 1923 to serve the financial needs of working people. In 1995, the ACWA merged with another labor union, the ILGWU, to form UNITE which then, in July 2004, merged with HERE (the union for hotel and restaurant workers) to form UNITE HERE. These two unions have since divorced; Workers United has retained ownership of the Bank.

In 1973 Amalgamated Bank received trust powers and launched the Investment Management Division to provide trustee, investment advisory, custody and benefit remittance services for union and public sector employee benefit plans. The Investment Management Division has its main offices in the Bank's headquarters building and maintains a Regional Sales & Marketing Office in Pasadena, CA. Amalgamated Bank also has a network of 25 full-service branch banking offices offering retail and commercial banking products and services in California, New Jersey, New York, Nevada, and Washington DC.

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