Hotchkis and Wiley, the Los Angeles-based asset manager that split off from Merrill Lynch's Mercury Funds earlier this year, said that it has hired one of Mercury Funds' sales managers.

Bob Dochterman, who served as the sales manager for Mercury's Western division, was named national sales director for Hotchkis and Wiley. In his new role, Dochterman will be responsible for building the firm's intermediary distribution network. As part of that effort, Dochterman will be adding at least two external wholesalers and one or two internal support staff, he said.

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