Arlene Pine was named director of marketing and client services at large-cap equity manager Herndon Capital Management, and Kenneth Grimes was named director of research.
Ms. Pine said in a telephone interview that she will oversee the firm's marketing staff. She was an investment consultant at Towers Watson; her duties are being assumed by existing employees, Towers Watson spokesman Michael McNamara wrote in an e-mailed response to questions.
Mr. Grimes will manage Herndon's equity analysts, according to a Herndon Capital news release. He was senior vice president and director of research at Piedmont Investment Advisors.
A Piedmont spokesman could not be reached for comment.
