Portfolio Services Group, a subsidiary of The Burridge Group, has hired John Erard as executive vice president and director of sales.

Erard will report directly to John Streur, chief executive officer of the Burridge Group. Bringing 10 years of asset management expertise to the firm, Erard's primary duties will include developing and training sales teams for the firm, as well as expanding distribution.

Erard feels that based on the significant success at PSG in gaining national sponsorship for a broad suite of products, the company now needs to have a large and well-managed sales force. To help execute these changes, PSG will be adding five regional managers, with more to follow, Erard said.

Prior to joining PSG, Erard was a partner and senior sales executive at Lord Abbett.

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