Ryan K. Brist was named executive vice president and managing director-fixed income at Delaware Investments, Philadelphia, responsible for total-return products, said Tom Gariepy, spokesman. Mr. Brist replaces Patrick Coyne, who became managing director and head of equity investments in March. Mr. Brist remains lead portfolio manager on the Delaware Corporate Bond Fund and the Extended Duration Bond Fund. He will be co-head of fixed income along with See Yeng Quek.
Separately, D. Tysen Nutt Jr., Robert A. Vogel, Jr., Anthony A. Lombardi and Jordan L. Irving will assume control of the Delaware Diversified Value Fund. The name of the $62 million fund will be changed to the Delaware Value Fund. The four portfolio managers joined the firm last March; they were large-cap value portfolio managers at Merrill Lynch Investment Managers, New York. Christopher S. Adams and Rob Ginsburg, who had managed the fund, will continue to manage "several other Delaware funds," company officials said in a statement.