MFS Investment Management said on Monday it has hired a new chief counsel and a compliance officer to oversee corporate governance and compliance procedures in the wake of its $350 million settlement with regulators last month.

The Boston-based fund manager named Jeffrey Carp general counsel and Maria Dwyer chief regulatory officer, a new position within the firm, the company said in a statement. Carp, who is expected to start in April, replaces Stephen Cavan.

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