Jeff Applebaum joined Sanford C. Bernstein in the institutional marketing area, a newly created position. He formerly was a senior vice president in institutional marketing at Investment Advisers Inc. IAI officials did not return calls regarding his replacement.
James Wenzler joined Alpha Investment Consulting as consultant and director of research, a new position. He will be in charge of research on financial markets and the monitoring of investment managers used by clients. Mr. Wenzler was with A.O. Smith, where he was responsible for analysis, review and reporting on the company's retirement plans. His duties were assumed internally