Paul Burik, director of research and a key consultant at Ennis Knupp & Associates, Chicago, will leave in mid-April to become director of investment strategy at Commerz International Capital Management in Frankfurt, Germany, a new position.
He will be in charge of asset allocation and economic scenarios, which is the basis of Commerz' top-down investment approach.
His duties at Ennis Knupp will be spread among other staffers.
Michael L. Schonberg, managing director for the equity shop at UBS Asset Management, New York, left to join Omega Advisors Inc., New York, where he is a senior portfolio manager.
Omega, which manages hedge funds, is only a couple of years old said Mr. Schonberg. "It's basically a full-time money management job," said Mr. Schonberg, and doesn't compete directly with UBS.
UBS named Paul M. Morris managing director for the equity unit and Thomas W. McKelvey, chief investment strategist. Both were senior portfolio managers in the firm's equity unit.
J. Michael Kelly was elected senior vice president-finance at GTE Corp., Stamford, Conn. Among his duties as the firm's chief financial officer, he will oversee the $16.869 billion pension fund. Mr. Kelly, who had been GTE's vice president-controller since 1991, succeeds Nicholas L. Trivisonno. Mr. Trivisonno became GTE's executive vice president - strategic planning and group president.
Sheldon Lieberman, chief investment officer of the Los Angeles County Employees' Retirement Association, announced his resignation from the $14 billion fund to join Hotchkis and Wiley, Los Angeles, as a portfolio manager. Mr. Lieberman's resignation is expected to be effective in about a month.
Earlier this year the fund's chief executive officer, Charles Conrad, unexpectedly resigned. The resignations aren't connected and are believed to be triggered only by reasons of career advancement.
Mr. Lieberman could not be reached for comment.
Nancy L. Folstad left Rotary International, Evanston, Ill., where as chief investment officer she was in charge of a nearly $400 million foundation fund and close to $20 million in pension assets. Ms. Folstad joined Harris Investment Management Co., Chicago, as senior partner-equities, a new position. Rotary is looking for a replacement.
Jack Mosevich, president of Burns Fry Analytics Inc., Toronto, Ontario, also joined Harris Investment. He was named to the new position of senior partner-manager analytics and systems.
His duties at Burns Fry will be assumed by Jackie Irvine.
Janet Becker-Wold, formerly an international equity and global fixed-income specialist at U S WEST, joined Callan Associates Inc., San Francisco, as a vice president and international consultant. Her focus at Callan will be performance measurement and attribution, manager searches, manager structure analysis and research on international issues.
U S WEST officials haven't decided whether to replace her.
Pierre Daviron was named president and chief investment officer of newly formed Oppenheimer Capital International, New York. Mr. Daviron also will run the international portion of Oppenheimer Capital's $145 million Quest for Value Global Equity fund.
Mr. Daviron previously was chairman and chief executive officer of Indosuez Gartmore Asset Management, Paris.
In addition, Oppenheimer named Richard Gluck to the new division as vice president and portfolio manager of the $22.5 million Quest for Value Global Income fund.
He was a global fixed-income portfolio manager with Dean Witter InterCapital, New York.
Bear Stearns Asset Management, New York, hired Robert Reitzes to direct its expansion into the mutual fund arena. Mr. Reitzes, previously co-director of research at C.J. Lawrence Investment Management, New York, was named a senior managing director.
Joining Mr. Reitzes in the effort will be John Knox, who was hired as a managing director. Previously, he was a principal with Morgan Stanley Asset Management, New York, where he managed fixed income portfolios.
Replacements for the two have not been named.
Charles H. Wurtzebach has been promoted to president and chief operating officer of JMB Institutional Realty Corp., Chicago.
Mr. Wurtzebach, previously managing director of investment research, replaces Bruce W. Duncan, who JMB officials said resigned to pursue other investment interests.
