Benjamin F. Phillips will join Putnam Lovell NBF Securities in February as a managing director of investment banking in the financial institutions group, said spokesman Richard Chimberg. Mr. Phillips will oversee strategic research on traditional and alternative fund management firms. His work will include producing research on industry trends, as well as advising Putnam Lovell NBF clients, Mr. Phillips said in a telephone interview. It is a new position. He is a managing director at investment industry research and consulting firm Cerulli Associates, where he was responsible for establishing the international research division. Mr. Phillips said Cerulli is reviewing its options regarding his replacement.
Kevin A. Rowell joined Pioneer Investment Management as executive vice president and head of distribution, said spokesman Geoff Smith. Mr. Rowell will be responsible for Pioneer's retail fund sales business in the United States, including key distributor relationships, according to a news release. Mr. Rowell replaced Bill O'Grady, who resigned at the end of 2005, said Mr. Smith. Mr. Rowell was head of distribution, national sales and relationship management at Schwab Institutional, according to the Pioneer release. Schwab spokeswoman Alison Wertheim said Schwab promoted Bernard J. Clark to replace Mr. Rowell in October.
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