Week of August 19, 2002
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IAMC: An Exciting New Concept
The Industrial Asset Management Council (IAMC at www.iamc.org) is the newest organization in the field of professional development designed for individuals and businesses engaged in the fast-paced, competitive arena of industrial and manufacturing asset management and real estate.
"IAMC was formed as a distinct response to the professional needs of manufacturers and industrial-based asset managers," said Jack Brophy, IAMC's first chairman. "As the business of corporate real estate and asset management becomes more complex, it became evident to us that a tightly focused organization was the optimal way to address the needs of individuals who are in this business."
The new IAMC will focus on the corporate level. While accepting economic developers and other service providers as associate members, the organization will keep its sights on the industrial and manufacturing sectors.
IAMC was born following the merger of the International Development Research Council (IDRC) and the National Association of Corporate Real Estate Executives (NACORE). "The focus of each group is important to their individual constituencies," said Brophy, "and we felt it was in the best interests of the manufacturing and industrial sector to form the IAMC."
Focus Is on Senior-Level ExecutivesIn addition to its industrial and manufacturing base, IAMC will be comprised primarily of senior-level executives from these businesses.
"Typically, our active members will be the heads of corporate real estate departments or individuals who are administrative or financial officers who have overall responsibility for a firm's asset management policies," said IAMC Vice Chairman Robert Zane of Campbell Soup Company.
With a rapidly growing charter membership base, a highly directed and focused organization such as the IAMC is being welcomed as a valuable addition to the professional association marketplace. "There is always room for a small, high-end corporate real estate executive-oriented organization," wrote one corporate vice president.
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