NU Online News Service, Aug. 4, 2003, 12:43 p.m. EDT – Asset Allocation and Management Company L.L.C., Chicago, has hired Joel Cramer to be a vice president and director of sales and marketing.

Asset Allocation manages portfolios of bonds and convertible bonds for insurance companies.

Cramer previously was vice president of investment programs at BCS Financial Services Corp., Chicago. Cramer also has worked as a vice president in institutional sales at the capital markets division of First Tennessee National Corp., Memphis, Tenn.

Cramer has a bachelor’s degree in psychology from Columbia University. He holds the Certified Financial Analyst professional designation.