HERD

Merrill Lynch & Co. vice president of investment and capital markets Anthony Pizi has become a vice president responsible for projects at the firm's so-called private client, or retail brokerage group. As part of the change, Pizi transfers from the firm's 250 Vesey St., Manhattan, offices to Merrill Lynch's Princeton, N.J., offices. The shift is called a lateral move by a Merrill Lynch official.

Dow Jones Telerate is moving a number of staffers from its Harborside, N.J.-based offices to parent company Dow Jones & Co.'s facilities in South Brunswick, N.J. Displaced personnel will come from Telerate's finance department; the department is scheduled to decamp by the end of June. A Telerate spokesperson confirms that at least some of the finance department is slated for transfer, but declines to comment on the specific number set to shift. Once in the South Brunswick offices, a source close to the vendor says that the dislocated Telerate staffers will be merged with Dow Jones' own constituency. The spokesperson says: "I think they're just trying to get some of the functions in the same locations."

Martha Dillman, Lehman Brothers Inc.'s head of fixed- income research and derivative systems development, resigned last month. Sources say her departure was voluntary and driven by personal reasons. She is replaced by Jim Roper and Dexter Senft, who together will serve as co-heads of taxable fixed-income research. Senft joined Lehman last year, after 17 years at First Boston Corp. and more recently two years at EJV Partners L.P. (IMD, Sept. 13, 1993); Roper has been with Lehman for 12 years. While not an official member of Lehman's information technology ranks, sources say Dillman had been carrying a heavier systems development load in the months leading to her retirement. Dillman couldn't be reached for comment at press time.

McGraw-Hill Inc. has promoted John Kerrin -- from senior vice president of technology to senior vice president of information management. Kerrin is replacing Ed Heresniak, whose post has been idle since his departure in January. Separately, McGraw-Hill has made Frank Shinal its senior vice president of finance. Shinal had served as chief financial officer of McGraw-Hill's J.J. Kenny Co. Shinal replaces Stephan Kaye, who becomes senior vice president of corporate planning.

Reuters America seeks a senior market specialist. An ad says that the applicant needs a background with particular emphasis on mortgage-backed securities.

Knight-Ridder Financial Corp. is looking to beef up its news department. The vendor seeks reporters and editors, senior correspondents and a Chicago bureau chief. Reporters and editors would be well-served by any "in-depth reporting or market experience in a specific area. Senior correspondents should have reporting experience in one of the following areas: commodities, financial markets, economics and/or government. The bureau chief will have authority over 10 staff members.

ILX Systems Inc. conducted an open house on May 25, at 111 Fulton St. in New York. The vendor says it is "adding to staff across the lines. Positions range from entry to senior level." Those attending the open house were split into 3 persuasions: technical, market data and communications.

Shark Information Services Corp. is looking for a few Unix systems programmers, a PC/Windows developer, an analyst/programmer with a market data background, and some customer services representatives.