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Money Management

Smith Graham chooses CIO

Lorenzo Newsome Jr.

Lorenzo Newsome Jr. was named chief investment officer of Smith Graham & Co. Investment Advisors, according to a news release.

Mr. Newsome will focus on Smith Graham's fixed-income group, which managed about 77% of the firm's $6 billion in assets as of Dec. 31, according to Pensions & Investments' Research Center.

Mr. Newsome was executive vice president, chief investment strategist and portfolio manager at Piedmont Investment Advisors, according to the Smith Graham news release.

Further information from Smith Graham and details on Mr. Newsome's replacement at Piedmont could not be learned.