Joseph Riccardo and Scott Shevick joined Bear Stearns Asset Management as portfolio managers, according to Michael Guarasci, senior managing director of BSAM. Both are new positions. "Where there is talent in the firm and where we can move it over to BSAM when it makes sense, we try to do that," Mr. Guarasci said. Messrs. Riccardo and Shevick were equity research analysts covering the pharmaceutical industry for BSAM parent Bear Stearns & Co., where they were replaced by John Boris; he was an equity research analyst at Harris Nesbitt. A decision on replacing Mr. Boris has not been made yet, said Harris Nesbitt spokesman Kevin Windorf.
John Vancura joined BISYS Private Equity Services as a vice president of business development, said Sally Ramsdell, senior marketing manager. It's a new position. He is in the Boston office and will lead business development efforts in New England. Mr. Vancura was managing director for the Northeast region of Greenough Consulting Group, a provider of outsourced financial management services.