Bloomberg News

American Century Hires Keegan to Run Corporate Bonds

February 10, 2006

American Century Investments hired former UBS AG (UBSN) Managing Director James Keegan to oversee the firm's corporate bond portfolio.

Keegan, whose title will be senior vice president and senior portfolio manager, will run corporate bond investments in American Century's $19 billion fixed-income division based in Mountain View, California. All credit portfolio managers and analysts will report to him, according to Dave MacEwen, American Century's chief investment officer for fixed income.

``Jim is a veteran investment manager with proven expertise managing large, high-grade and high-yield bond portfolios,'' MacEwen said in a company statement sent by e-mail. Keegan joined the firm on Feb. 6.

Keegan, 45, was most recently chief investment officer of Westmoreland Capital Management in New York, where he led the firm's asset management group in 2002 and 2003.

At UBS, where he worked from 1996 to 2000, Keegan served as managing director and head of high-grade and high-yield fixed income for the bank's Global Asset Management unit. He was responsible for managing credit-risk assets for the mutual fund and institutional businesses.

American Century's fixed-income team has about 40 investment professionals, the firm said in its statement. Keegan will also be part of the firm's macro strategy team, which sets policy for portfolio duration, yield curve and sector allocation.

Keegan earned a bachelor's degree in business management from St. Francis College in Brooklyn, New York, and a master's in business administration from Fordham University.

American Century, based in Kansas City, Missouri, manages about $100 billion in assets through mutual funds, separate accounts, commingled trusts, and institutional class funds.

To contact the reporter on this story: Mark Pittman in New York

To contact the editor responsible for this story: Robert Burgess at

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