John Dolan left Bankers Trust to serve as chief investment strategist for Hyperion Capital Management.
At Bankers Trust, Mr. Dolan handled active mortgage selection; Bankers Trust now is indexing its mortgage exposure as part of a broad reorganization, said spokeswoman Michelle Bruxvoort.
Dennis P. Francis has been promoted to executive vice president of investments at the Principal Financial Group, replacing Ronald E. Keller, who will retire late this year.
Mr. Francis had been head of the commercial real estate department. Gregory C. Hauser, vice president, will succeed Mr. Francis in commercial real estate