Federated Investors appointed Colin Starks senior v.p. and national sales director of its broker/dealer sales division, under Federated Securities Corp. President Tom Territ. Starks replaces veteran Richard Boyd, who will focus on the B/D retail cash management business.
Keith Schappert has resigned as head of Credit Suisse Asset Management reports The Wall Street Journal. The departure "follows troubles with Credit Suisse money-market funds.... During the third quarter, Credit Suisse purchased SIV-issued asset-backed commercial paper, floating-rate notes and notes issued by collateralized-debt-obligation vehicles from the money-market funds," says WSJ.
Steven Duff has been named President and CEO of Reich & Tang Asset Management, a subsisiary of IXIS Asset Management. Michael Lydon has succeeded Duff as President & CEO of Reich & Tang Funds. (These funds don't report to Crane Data, so don't appear in our listings.)