The Money Management Institute, the national association for the separately managed account industry, has elected Kent Strazza, president and CEO of Franklin Templeton Private Client Group, and Marc Brookman, senior managing director or New York Life Investment Management, to its board of governors.

Before joining Franklin in 1984, Strazza was executive managing director of FTPCG and senior vice president of defined contribution services.

Brookman joined NYLIM in 1998 from United Asset Management retirement plan services, where he was national sales director and VP. Prior to UAM, he was a regional sales manager and VP for Oppenheimer Capital's Quest For Value mutual fund division.

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