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Executive Moves


Pali Capital Hires Yanello As Managing Director

James Yanello has been appointed to serve as managing director and senior utilities strategist, covering natural gas and electric and coal equities, at Pali Capital.

Prior to his hire, he was with PaineWebber, Kidder Peabody and Moody's Investors Service.

"We are thrilled to have Jay join the Pali team at a critical time in our ongoing expansion into the energy and commodities space," said Bradley Reifler, Pali's chief executive officer and founding member. "Jay's extensive industry experience, strong analytical skills, resolute credibility and direct communication skills are essential in today's cluttered and ever-diluted informational marketplace. Moreover, Jay's refreshingly candid style will be greatly appreciated by Pali's growing client base, including those that have known him for more than a decade."

Columbia Recruits Copper As Global Equities Chief

Columbia Management, a subsidiary of Bank of America, has recruited Frederick Copper as head of its international equities team. Based in Boston, he will report directly to Colin Moore, head of active equity.

Copper, who has more than 10 years of experience in the asset management industry, will be responsible for overseeing Columbia's international equities team, which manages approximately $1.5 billion in assets. He will also serve as portfolio manager of the Columbia International and Columbia International Stock funds.

"Fred Copper's skills and experience make him a terrific addition to our organization," said Keith Banks, president of Columbia.

Prior to his hire, Copper was at Putnam Investments for four years as senior vice president and co-manager of $1.5 billion in international and global values portfolios.

Before that, he was with Wellington Management as assistant vice president.

Early in his career, he worked at Sanford C Bernstein and New England Pension Consultants.

Tamarac Names New CEO; Promotes Spangler to Chair

Tamarac has promoted Richard Thomas from executive vice president to chief executive officer, replacing Mark Spangler, who has been promoted to chairman.

"Richard has done a terrific job since joining the firm last April. I am confident that I am leaving the day-to-day responsibilities for the firm in excellent hands," Spangler said in a statement. Prior to joining Tamarac, Spangler spent more than 10 years with Fremont Investment Advisors and more than a decade with Charles Schwab.

"I am delighted to take the role of chief executive," Thomas commented. "Tamarac is an exciting company with a fantastic product that is absolutely revolutionizing the way that financial advisers manage their businesses. Simply put, our rebalancing software not only saves advisers thousands of dollars and hours of effort, it allows them to focus their time on client service and practice management."

Ciccarone Joins Nuveen

Nuveen Investments has hired Anthony Ciccarone as director of managed account product research and development.

Based in Chicago, he will be working closely with customers and investment managers and taking charge of enhancing the firm's product development process, including the review of product categories, product evaluations, business development and structuring.

Prior to his hire, Ciccarone was at Smith Barney, where he was senior vice president and director of investment advisor research.

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