RiverSource Investments hired Todd White as structured assets sector team leader. RiverSource Investments is a unit of Ameriprise Financial.

White will be a portfolio manager for the following retail and variable portfolio (VP) funds: RiverSource Diversified Bond Fund, RiverSource VP Diversified Bond Fund, RiverSource Limited Duration Bond Fund, RiverSource Short Duration U.S. Government Fund, RiverSource VP Short Duration U.S. Government Fund, RiverSource U.S. Government Mortgage Fund, RiverSource Balanced Fund and RiverSource VP Balanced Fund

White has over 22 years of experience in fixed income investing, specializing in MBS, ABS and interest rate trading.

Before joining RiverSource Investments, White was managing director and global head of MBS and ABS as well as  North American head of interest rate trading at HSBC.

Before that, the new hire spent 18 years at Lehman Brothers, most recently serving as managing director and head of the residential mortgage and option businesses.

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