Columbia Management's new "Fixed Income Investments and Liquidity Strategies" will be headed by Stephen Peacher. Money market fund CIO Randy Royther will report to Peacher.
Patti Vitale of Evergreen Investments has been promoted to the position of Sales Director. Evergreen, a unit of Wachovia, is the 16th largest money fund manager with over $50 billion.
High-profile asset-backed commercial paper analyst Victoria Kess is no longer with Western Asset Management.
Financial News Online U.S. reports that Chris Oulton, formerly with Insight Investment, has founded Prime Rate Capital Management, a new money market mutual fund firm based in London.