Prabhu Palani joined Mellon Capital Management as director of active equity strategies, said Mike Dunn, spokesman. It is a new position. Mr. Palani was a senior vice president, director of institutional strategies and portfolio manager at Franklin Templeton Investments, where he was responsible for structured equity portfolios. Holly Gibson Brady, Franklin Templeton spokeswoman, did not return calls seeking information about Mr. Palani's replacement.
William C. Pryor joined State Street Corp. as senior vice president and head of global performance and analytic services, according to a news release. It is a new position. He was president and CEO of Russell/Mellon Analytical Services. Mellon spokesman Joe Ailinger couldn't immediately be reached for comment.
Kevin Faxon was promoted to head of Americas real estate business for JPMorgan Asset Management, said spokeswoman Jacqueline Meere. It is a new position. He is a managing director. He was portfolio manager of the $3.7 billion Special Situation Property REIT. Justin Murphy, managing director and current head of the Northeast real estate acquisition team, will replace Mr. Faxon as portfolio manager on June 30.
(updated with correction)
Karen Christofferson was hired as a senior vice president at Helix, the private equity placement agent subsidiary of Jefferies & Co., said Liz Bernstein, Jefferies spokeswoman. It is a new position. Ms. Christofferson was a vice president with JPMorgan Chase.