CHICAGO -- Kemper Securities Group Inc. is well positioned for the future after a corporate restructuring that included nearly 1,200 layoffs and the centralization in Chicago of its five regional brokerage operations, said James Boris, the firm's chairman, in an interview last week.

The firm's public finance operations suffered only a few layoffs during the transition, but it did change its focus, according to Thomas Reedy, senior vice president and manager of the public finance department.

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