Craig Ferrero joined Evergreen Institutional as a director of short-term investment management sales, said spokesman Dan Flaherty. It is a new position. Mr. Ferrero will oversee business development and sales efforts in New York, according to an announcement by parent company Evergreen Investment Management. He will report to Jim Cornelius, managing director, short-term investment management sales. Mr. Ferrero was vice president of global cash institutional sales with JPMorgan Asset Management, according to the news release. JPMorgan spokeswoman Jackie Meere wasn't immediately available to discuss a replacement.
Scott Parry joined Invesmart as vice president of institutional sales, said Andrew Healy, spokesman. It is a new position. Mr. Parry will act as a customer service representative for large institutional partners that offer RightPath, Invesmart's investment advisory service, said Mr. Healy. Mr. Parry was a vice president in the retirement services group at Ameritrade. Kim Hillyer, spokeswoman at Ameritrade, said Jim Masters, vice president, took on Mr. Parry's responsibilities.