Thomas K. Philips was hired as CIO of Paradigm Asset Management, a new position. He had been managing director of advanced research with Symphony Asset Management, where he has not been replaced. Paradigm also hired Russ Ewing as a portfolio manager. He formerly was an active international portfolio manager with State Street Global Advisors; State Street Global officials declined to comment on who replaced Mr. Ewing.
Jennifer Silver will head a new growth-oriented investment group for Neuberger & Berman in a newly established Boston office. Ms. Silver also will manage the company's $600 million Manhattan Fund and about $800 million in investments for variable annuity programs. She replaced Mark Goldstein, who now will focus on separate account management.
Ms. Silver previously was at Putnam Investments, where she ran midcap growth stocks and the $3.5 billion Putnam Vista Fund. A Putnam spokesman said Ms. Silver's team colleagues will assume her duties