Dennis Ferro has landed the new position of chief investment officer at Capital Management Group, an investment arm of First Union. Ferro was formerly managing director at Scudder Investments Ltd.'s European institutional investment management arm.

Standard & Poor's has appointed Joanne Rose as executive managing director in the firm's structured finance ratings unit. She succeeds Vickie Tillman, who was recently promoted to executive vice president and chief ratings officer. Rose was previously general counsel at S&P. Her old position will be filled by Petrina Dawson.

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