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Key people

James M. Cracchiolo, Chairman and Chief Executive Officer

James (Jim) Cracchiolo has been Chairman and Chief Executive Officer of Ameriprise Financial since September 2005, when the company, American Express Financial Advisors, completed its spin-off from American Express.

Jim holds a bachelor's degree in accounting and economics and a master's of business administration degree in finance, both from New York University Stern School of Business. He is a licensed Certified Public Accountant in New York State. He is also Series 7 and 24 certified in the United States.

Walter S. Berman, Executive Vice President and Chief Financial Officer

Walter Berman is responsible for generating measurable improvements to our firm's shareholder value through initiatives that mitigate operational and strategic risk, free up capital, maximize the balance sheet and effectively manage the firm's tax rate. Berman provides the financial community and shareholders with a thorough understanding of Ameriprise Financial business and helps ensure the integrity of data and reporting.

Berman joined American Express, the former parent company of Ameriprise Financial, in 1965 and served until 1996 in various positions, including Senior Vice President and Treasurer of American Express Travel Related Services (TRS), Chief Financial Officer of American Express International, Chief Financial Officer of TRS and American Express treasurer.

He left the company in 1996 and held senior financial positions at other major companies, including Treasurer of IBM. He returned to the company in 2001.

Berman serves on the Threadneedle Investments Board of Directors and is a member of the CFO Roundtable.

He earned a bachelor's degree in accounting from Brooklyn College.