United States Trust Company of New York has hired Alexander D. Powers as a senior vice president and head of its taxable fixed income department.

Mr. Powers was a vice president and head of U.S. taxable fixed income investments at Chase Asset Management Inc. Before joining Chase in 1988, he was a vice president and portfolio manager at Liberty Capital Management Inc.

U.S Trust is an investment management company that also provides fiduciary and private banking services.

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