In an effort to better leverage its institutional product line, Merrill Lynch Investment Managers (MLIM) has restructured its U.S. Institutional Distribution Group, tapping industry veteran Dick Hoag for a senior position.

The group, which consists of sales, service and product professionals, is being restructured into the following four areas of focus: large market corporate/endowments, foundations and public funds, consultants, and channels. James Kase heads up the group.

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