Anand K. Bhattacharya, a managing director and manager of fixed-income research and product management at Prudential Securities, resigned last week.

Mr. Bhattacharya, 38, who has been with Prudential for eight years, was hired as a managing director at Imperial Credit Industries Inc., a large mortgage company in Torrance, Calif. He will work at the holding company level and will be responsible for portfolio and risk management, along with various capital market activities, he said.

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