Gregory Khost has joined the Reserve Funds of New York as national director of sales. Previously, Khost was a senior vice president at Banc of America Capital Management of Charlotte, N.C., where he was a sales consultant for the private bank division and was responsible for separate accounts and mutual funds.

James Schomburg has been named vice president of Liberty Wealth Strategies Group, a subsidiary of Liberty Financial Companies of Boston. Schomburg joined Liberty from Hartford Life of Simsbury, Conn., where he was an advanced marketing attorney.

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