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

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 the group.

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