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Portfolio > Economy & Markets > Fixed Income

Changes

By Staff Writer

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Brecek & Young Advisors, Inc. announced that Roland Brecek will retire from his role as president, effective February 1, 2008, but will remain at the organization as a financial advisor and consultant.

Chris Ranney, chairman and CEO, will assume the additional role of president. The B/D’s representatives picked Brecek & Young as Investment Advisor Broker/Dealer of the Year in 2007 in Division II.

The Financial Services Institute (FSI) announced that its board of directors elected Brian Murphy, chairman of Woodbury Financial Services, as chair for 2008.

Oliver Buckley, CIO and executive VP at Franklin Portfolio Associates, LLC, joined the portfolio management teams of Vanguard Growth and Income Fund and Vanguard Morgan Growth Fund.

JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, announced that David Kelly, formerly economic advisor for Putnam Investments in Boston, will become its chief market strategist based in New York.

BlackRock co-founder Keith Anderson, who is a vice chairman and the firm’s global chief investment officer for fixed income, will leave the New York-based firm, according to a letter to clients in mid-December. Anderson will maintain ties with BlackRock as an advisor until March.

Stepping into Anderson’s shoes is BlackRock’s co-head for fixed income, Scott Amero, filling both the vice chairman and chief investment officer for fixed income posts.

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