American Century Investments(R) Names Head of Institutional Business

KANSAS CITY, Mo.--(BUSINESS WIRE)--American Century Investments announces Joseph P. Craven, 49, has joined the firm as senior vice president of its institutional business.

“American Century Investments has been working diligently to bring institutional rigor to an already strong investment management capability”

“American Century Investments has been working diligently to bring institutional rigor to an already strong investment management capability,” said Brian Jeter, American Century Investments’ chief sales and distribution officer. “Those efforts, combined with the addition of Joe Craven to a very solid and experienced team, underscore our commitment to expanding our footprint in the institutional marketplace. Joe’s 25 years of public- and private-sector experience will be invaluable in successfully continuing the growth of our institutional business,” Jeter said.

“I’m excited to be joining American Century and look forward to continuing to build its institutional presence,” said Craven. “In addition to the company board’s demonstrated commitment to institutional investment management, I accepted the position because I believe American Century’s long-held philosophy of putting the interests of its clients first is the foundation of all successful institutional businesses. If we are able to contribute to the long-term success of our clients and their beneficiaries, then we will succeed, as well.”

Craven joins American Century Investments from Aquiline Investments, a private equity firm where he was a principal. Aquiline Investments is the investment management arm of Aquiline Holdings LLC.

From 2002 to 2004, he served as Putnam Investment’s director of Institutional Retirement Services, where he managed their institutional full service defined contribution business, serving 250 clients with $50 billion in assets under administration. From 1996 to the end of 2001, he served as Putnam’s director of Consultant Relations and Institutional Product Management.

Before that, Craven joined the Office of the Massachusetts State Treasurer as general counsel, later serving as deputy treasurer of the Pension Investment Division. In that capacity, he was responsible for oversight of pension plans with assets in excess of $8 billion. He practiced public finance and commercial finance law in Massachusetts, New Jersey and New York, where he worked as an investment banker.

Craven holds a bachelor’s degree in Economics from Brown University and a Juris Doctorate from the Fordham University School of Law.

American Century Investments is a leading investment manager with 50 years of experience helping investors achieve their financial goals. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a broad array of products across a variety of investment disciplines. With offices in New York, Mountain View, Calif. and Kansas City, Mo., the company manages approximately $94 billion¹ in assets through mutual funds, institutional separate accounts, commingled trusts and subadvisory accounts. James E. Stowers Jr. founded the company in 1958. Jonathan S. Thomas is president and chief executive officer, and Enrique Chang is chief investment officer. For the past nine years, American Century Investments, which employs 1,600 people, has been selected as one of FORTUNE Magazine’s 100 Best Companies to Work for in America. For more information about the company, visit www.americancentury.com.

¹ Assets under management as of 2/29/2008

American Century Investment Services, Inc., Distributor

American Century Investments

Institutional Fact Sheet

American Century Investments has managed institutional accounts for plan sponsors, foundations and endowments since 1980. The firm offers fundamental and quantitative strategies that span traditional asset classes in the U.S. and international markets. Investment philosophies and processes are designed to make good stock selection decisions and take intelligent risks, helping American Century Investments achieve its goals of delivering superior investment performance and building long-term relationships with clients.

American Century Investments’ client roster includes:

Corporate retirement investment plans
Public retirement investment plans
Taft-Hartley retirement investment plans
Endowments
Foundations

Investment products offered to institutional clients:

- International Equity		6 strategies
- U.S. Growth Equity		7 strategies
- Quantitative Equity		7 strategies
- U.S. Value Equity		5 strategies
- Asset Allocation		2 strategies
- U.S. Fixed Income		2 strategies