Todd A. Abraham and Donald T. Ellenberger were appointed to head the government/mortgage-backed fixed-income team at Federated Investors, according to a company news release. Mr. Abraham, vice president and senior portfolio manager, and Mr. Ellenberger, senior vice president and senior portfolio manager, will assume some of the responsibilities that had been handled by Susan M. Nason; she retired as senior vice president and senior portfolio manager earlier this month, said Federated spokeswoman Meghan McAndrew. Mr. Abraham will continue to concentrate on mortgage-backed securities, according to the release. Mr. Ellenberger will continue to manage institutional government and multisector fixed-income portfolios and will now manage Federated's low-duration government mutual fund. He will also be co-head of Federated's yield-curve committee, along with Robert J. Ostrowski, CIO for taxable fixed income. Liam O'Connell, assistant vice president and portfolio manager/senior investment analyst in the government/mortgage-backed group, was also appointed to manage two mutual funds formerly run by Ms. Nason. Mr. Ostrowski was not available for comment before press time.
Matt Waz has been hired as director of consultant relationships at AXA Rosenberg Group, according to spokeswoman Jennifer Morgan. It is a new position. Mr. Waz was vice president, consultant relations at McMorgan & Co. He will not be directly replaced, although the firm will search for an additional member of its consultant relations team, said Patrick Noonan, vice president, consultant relations.
Peter Delano joined TowerGroup as senior analyst, and Matt Nelson joined as analyst, according to spokeswoman Rachael Adler. Mr. Delano will cover technology trends in investment management, and Mr. Nelson will cover portfolio accounting, position management and related applications. Both are new positions. Mr. Delano was assistant vice president of IXIS Asset Management Services, and Mr. Nelson was a senior product manager at Fidelity Investments. Peter Joyce, IXIS vice president, corporate communications, and a Fidelity spokeswoman did not return calls by press time with information on replacements.