Mitchell Hutchins Will Rule In Merger With Kidder Asset

FRONT PAGE

The impending merger of PaineWebber Inc. and Kidder Peabody & Co. will have its impact in the world of investment management systems, too. By the time the post-buyout maneuvering is complete, the two brokerages' combined asset management subsidiaries will by all accounts have opted to retain the systems that currently support PaineWebber's Mitchell Hutchins Asset Management Inc. (MHAM) unit--including Data Exchange Inc. and Maximum Data Corp. At the same time, they will oust Kidder Peabody A

To continue reading...