Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Scudder Launches Web Venture Capital Division

Scudder Kemper Investments of Boston has announced it has launched a new division that will invest in or find funding for new electronic-commerce ventures. Scudder is calling the new division the Scudder Kemper Investments E-cubator Group.

Jay Kingley has joined the firm to head up this group as its managing director. He reports to Mark Casady, managing director of Scudder Kemper Investments. Kingley was previously a partner with Diamond Technology Partners, an e-business consulting firm. He specialized in e-commerce ventures of financial service companies, including those of Scudder Kemper.