Rittenhouse Financial Services Inc., Radnor, Pa, recently named Michael G. Crofton as vice president-fixed income.

He shares responsibility for setting Rittenhouse's fixed-income policies and interest rate outlook.

Mr. Crofton will also hold marketing and portfolio management responsibility for Rittenhouse's institutional efforts.

He was a senior vice president and senior portfolio manager with U.S. Trust, New York, with responsibilities for the management of over $3 billion of fixed-income assets.

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