British insurer Norwich Union Plc has hired Scott McKenzie as manager of its equity income fund, replacing David Lis, who will continue to manage the firm's U.K. growth fund. The company also hopes to name a successor this month to James Heyworth-Dunne who is stepping down later in the year as the head of institutional fund management.

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Badgley, Phelps and Bell, Inc. has added Elizabeth Marcoux to its team of investment portfolio managers. The Seattle-based investment management firm has $1.4 billion in separate accounts and its own family of no-load mutual funds.

OppenheimerFunds, Inc., the advisor to the $1.7 billion Oppenheimer Quest Value Fund, announced today that an investment team of eight senior investment professionals has been appointed by the fund's subadvisor, OpCap Advisors, to manage the Oppenheimer Quest Value Fund. The investment team replaces Eileen Rominger who recently resigned as fund manager to pursue other interests. The investment team will be led by Oppenheimer Capital Managing Director Philip Rodilosso, who has more than 30 years investment experience. OpCap Advisors is a subsidiary of Oppenheimer Capital.

Jerry Xiaoxun Lu is joining U.S. Global Investors Inc., investment adviser to the USGI family of 14 100% no-load mutual funds as a member of the portfolio management team for the USGI China Region Opportunity Fund.

Jeff Maillet, the manager of Van Kampen Prime Rate Income Trust, an $8.2 billion continuously offered fund, Van Kampen Senior Income Trust, a $1.8 billion exchange-traded fund and Van Kampen Senior Floating Rate, a $1.3 billion continuously offered fund has left the firm to join John Nuveen, reportedly to start its own closed-end floating-rate loan funds.

Scudder Kemper Investments announced today that Douglas McCrea has joined the firm as a director for Scudder Private Investment Counsel, which manages more than $15 billion in assets for affluent individuals and families, endowments, foundations and trusts. He will be responsible for the development of financial and investment strategies for affluent families and their related business and philanthropic entities in Southern California and the West.

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