Waddell & Reed recently announced the promotion of Nikki Newton to senior vice president and director of defined benefits. He previously was an institutional client representative in the asset management group.

Waddell has also hired Clayton Johnston and reassigned Andrew Thinnes to serve as vice presidents of institutional client services. Johnston was previously with Evergreen (formerly Wachovia), and Thinnes was previously a managing director of sales and client services at Waddell.

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