professionals as vice presidents.

R. Scott Farden is responsible for managing and developing institutional client relationships in the Midwest. He joined the firm from Morgan Stanley Dean Witter, where he was a vice president in global institutional marketing. He succeeds Michael Robinson, who moved to Kansas City Mo., to work for American Century Investments, which J.P. Morgan holds a 45% stake in, a spokeswoman said.

Julie Hilt was hired as an energy analyst. She succeeds Arjun Naranamurti, who joined Goldman Sachs Group Inc. Ms. Hilt had been a managing director of equity research at Invesco.

Amy Cummings is focusing on marketing and client services in the real estate investment group, a new position, the spokeswoman said. She was hired from Lend Lease Corp. of Australia, a large real estate investment company.

-- Cheryl Winokur

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