Sheppard Davis was named managing director and head of credit...

Sheppard Davis was named managing director and head of credit strategies and trading in U.S. fixed income at Barclays Global Investors, San Francisco. It is a new position. Mr. Davis was formerly head of corporate finance at ORIX Capital Markets LLC in Dallas, where he was replaced by Christopher Smith. Mr. Smith had been head of credit research at ORIX; he will not be replaced.