Calvert this week has named Catherine Palmer Roy, a former senior portfolio manager and head of the U.S. fixed-income group and a senior portfolio manager at Baring Asset Management, as chief investment officer of its $6 billion fixed-income department. In hiring Roy, who reports to Calvert President and CEO Barbara J. Krumsiek, Calvert has capped a reorganization of its senior management that began roughly 12 months ago when Steve Falci was named as chief investment officer of the firm's equities department. In her new role, Roy is responsible for oversight of Calvert's taxable bond, municipal bond, tax-exempt bond and money market divisions. "We welcome Catherine's experience and management skills to our industry-leading fixed income area," Krumseik said. "We believe that her strategic insight and knowledge of risk management will significantly enhance our capabilities in this area." Before joining Baring, Roy managed $11 billion in fixed-income assets at the now-defunct Scudder-Kemper Investments, where she was a senior vice president and senior portfolio manager.

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