David H. Lui was named chief compliance officer at U.S. Bancorp Asset Management Inc., according to a news release. He will be responsible for all compliance issues involving U.S. Bancorp Asset Management and First American Funds. Mr. Lui is replacing CCO Doug Paul, who was hired last year to restructure the firm's compliance function amid a "rapidly changing legal and regulatory environment," the company said in a press release. Mr. Paul, who will retire this month, helped build the firm's compliance staff to 17 people, from six, said Cheryl Stone, spokeswoman. Mr. Lui was CCO for Franklin Advisors and chief compliance counsel for Franklin Templeton Investments. No replacement has been announced, according to Stacey Johnston, public relations manager. U.S. Bancorp Asset Management, the investment adviser to First American Funds, has $123 billion in assets under management.
Glen Hilton, portfolio manager with AIM Investments, was named lead manager of the AIM Global Value Fund, said David Bachert, spokesman. Mr. Hilton, who has been on the fund's management team since 2002, replaces Roger Mortimer, who left the firm; further information was not available. In addition, Derek Izuel will become lead portfolio manager and Eric Thaller will become a member of the management team for the AIM Opportunities I, II and III funds in May, replacing Messrs. Mortimer and Hilton.