Intrasweep named John N. Drahzal President, according to a press release. "I am honored to take on this new role during this pivotal time in the banking industry," said Drahzal. "Coming off of 2009, banks are telling us that they need more sophisticated solutions at their fingertips that are flexible to meet their deposit and liquidity needs no matter the market environment. Intrasweep's first-to-market solutions address this issue head on and I look forward to continuing to partner with the banking community to help our clients achieve success."
Joe Tully has accepted an early retirement package from Prudential Financial. Tully was a Managing Director and Head of Short-Term, Fixed Income and oversaw Prudential's money market mutual fund assets.
Bob Brown, formerly Managing Director of Research, has been named President of Fidelity's Money Market Group, the country's largest with $488 billion in assets. He succeeds Charlie Morrison.