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Industry Moves

James Gallagher has been named president of the Manufacturers Investment Trust of Boston. Gallagher is currently chief legal officer for the U.S. division of Manulife Financial of Boston and president of Manulife New York.

John Drachman has been named vice president of business development for FDI Communications, a division of Funds Distributor of Boston. Drachman previously was at Putnam Investments and Pioneer Group, both of Boston, and J. & W. Seligman & Co. of New York, in positions ranging from product manager to communications director.

Send news of job changes to Andrew Brent at Mutual Fund Market News, 11 Penn. Plaza, New York, NY 10001, or e-mail: Please include the individual's previous position.