Former HSBC-er Cindy Rudbart joins Fiduciary Trust as fixed-income manager. Fiduciary Trust has struck for the second time in a week, this time adding fixed-income specialist Cindy Rudbart, formerly with HSBC, as a senior vice president and portfolio manager. She reports to Fiduciary Trust's director of Fixed Income Strategies Ronald Sanchez.

"Cindy has been recognized as a top performer in her field and is exceptional at blending research, market knowledge, timing and judgment to develop investment strategies and minimize risk for clients," says Sanchez. "Our clients will benefit from Cindy's ability to manage the impact that changes in global markets will have on client portfolios."

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Rudbart spent 13 years with HSBC Bank USA, where she managed taxable, tax exempt and balanced portfolios for clients with a range of investment objectives and risk tolerances. Prior to her tenure with HSBC, she was a senior portfolio manager with Citibank's Global Asset Management unit.

Rudbart is now responsible for managing Fiduciary Trust's fixed-income sector and separate accounts tailored to meet its clients' individual investment objectives.

Fiduciary Trust is a wealth-management subsidiary of asset manager Franklin Templeton. Its fixed-income team works with Franklin Templeton's Fixed Income Policy Committee and Franklin Templeton's Global Credit Research team to develop views and identify trends relevant to Fiduciary Trust's wealth management clients.

Last week, Fiduciary Trust announced the hires of business-development officers in New York and the San Francisco Bay area.

Fiduciary Trust has offices in New York, San Mateo, Calif., Los Angeles, Wilmington, Del., Miami, Washington, D.C., London, Hong Kong and the Cayman Islands.

San Mateo-based Franklin Templeton managed more than $617 billion on 30 April 2008. -FWR

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