Luke M. Collins was named executive vice president for new business development at ProManage, a new position, said Carl Londe, chairman and CEO. He will focus on expanding the firm's managed account business to defined contribution plans. Mr. Collins was a senior vice president and director of business and product development with JPMorgan Private Client Services. Gabrielle Gagliardo, JPMorgan spokeswoman, did not return a call by press time seeking comment on a replacement.
Andrew Cray joined Phoenix Investment Advisers as managing director and head of research and portfolio trading for the JLP Credit Opportunity Fund. Spokesman Kevin Meehan did not return a call seeking information about Mr. Cray's predecessor. Mr. Cray was a high-yield/distressed debt and equities analyst at Imperial Capital. Martin Martis, an Imperial Capital spokesman, did not return a call seeking information about Mr. Cray's replacement.