Correction : Ivan "Butch" Cliff, formerly senior vice president and...

Correction: Ivan "Butch" Cliff, formerly senior vice president and director of operations at Callan Associates, was named executive vice president and director of investment research and operations at the firm. Also, Jay Kloepfer was appointed executive vice president and director of capital markets research and alternatives research. Mr. Cliff's previous title and Mr. Kloepfer's current title were incorrect in a Jan. 5 P&I Daily item.