Richard T. Sauerwein was named vice president responsible for credit...

Richard T. Sauerwein was named vice president responsible for credit risk products and risk management, a new position, by Highland Financial Holdings Group LLC, New York. He will develop new products with greater credit exposure for Highland, which specializes in mortgage, commercial and asset-backed securities. Mr. Sauerwein was a principal at Stonehenge Financial Partners LLC, New York. Gary I. Gal, principal, did not return a call seeking information on Mr. Sauerwein's replacement.