Pranay Sammeta is the new Senior Analyst for BBH's (Brown Brothers Harriman & Co.) FCM (Futures Commission Merchant) Banking division and COMSET Plus money fund trading platform. Sammeta was previously with BBH's Investor Services division.
William E. Hoppe Jr. was named Chairman of the ICI Institutional Money Market Funds Committee. Hoppe, AIM Investments Fund Management Company's Senior V.P. and Director of Institutional Marketing, succeeds JPMorgan's Bob Deutsch. The ICI IMMFC was formed to share best practices and to develop a consensus on issues impacting institutional money funds.
Federated Investors is seeking an East Coast institutional money fund salesperson. E-mail Solon "Bud" Person to apply or for more details. Federated has hired Joe McGinley, based in San Jose, to distribute on the West Coast.
John Carter has left Bear Stearns. It's believed that he will join an online money fund trading portal shortly, but no confirmation is available at this time.
Jeff Egan has started at HSBC Investments. Egan previously worked at the Private Bank of the Bank of Montreal and Harris Bank in short-term and liquidity management. He is located in Chicago and will be distributing HSBC's institutional money market funds.