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Industry Moves

Gregory Khost has joined the Reserve Funds of New York as national director of sales. Previously, Khost was a senior vice president at Banc of America Capital Management of Charlotte, N.C., where he was a sales consultant for the private bank division and was responsible for separate accounts and mutual funds.

James Schomburg has been named vice president of Liberty Wealth Strategies Group, a subsidiary of Liberty Financial Companies of Boston. Schomburg joined Liberty from Hartford Life of Simsbury, Conn., where he was an advanced marketing attorney.

Kenneth Sarafa has joined Munder Capital Management of Birmingham, Mich. as managing director for institutional investment services. Previously, Sarafa was managing principal for William M. Mercer of New York, an international management consulting firm.