Dreyfus has hired Jon Baum as vice chairman of distribution, a new position at the firm. In this role, Baum is responsible for overseeing distribution of Dreyfus's products to intermediaries and managing relationships with those intermediaries, as well as supervising the firm's internal wholesalers and retirement and separate account specialists. He will report to Dreyfus President Thomas F. Eggers and serve on the firm's operating and senior management committees.

Baum joins Dreyfus from Scudder Investments, where he was chief operating officer, and Scudder's distribution arm, where he was chief executive officer.

"Dreyfus is now positioned as a customer-focused distribution company, capitalizing on our strong brand recognition and reputation," Eggers said. "Jon's distribution expertise, industry reputation and proven sales leadership will catapult our distribution activities, allowing us to better intensify our focus on our customers."

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