Darrel Rexwhinkle will resign as Alaska state commissioner of revenue at the end of the month to become deputy director of the $15.5 billion Alaska Permanent Fund, Juneau.
In his new capacity, he will assist in managing the real estate portfolio and ultimately take charge of it after the end of the year, when Braxton "Pete" Jeans, investment officer, who now oversees real estate, is expected to retire.
The fund has 7% of its assets in real estate.
Mr. Rexwhinkle fills a position that has been vacant for some time.
Joseph Herkness was named executive director of the $2.3 billion Philadelphia Board of Pensions and Retirement. He replaces Marie Campher, who retired earlier this year.
Mr. Herkness, a member of the pension fund's board, is president and chief executive officer of the American Federation of State, County and Municipal Employees Local 2186, District Council 41, Philadelphia.
Michael E. Keane was named vice president and treasurer of Western Atlas Inc., Beverly Hills, Calif., which was spun off from Litton Industries Inc. in March. Mr. Keane was director of pensions and insurance at Litton, where Christopher Rainieri succeeded him.
Mr. Keane's new responsibilities will include oversight of the company's $270 million defined benefit and defined contribution plan assets.
Virginia Shimrock will become executive director of the $1.6 billion Ohio Public Employees Deferred Compensation Program, Columbus, taking over from Ray McLaughlin, who will retire July 1. Ms. Shimrock is now assistant director-finance; her successor has not been named.
Bernard J. Holland, investment manager at the $1.9 billion International Monetary Fund, Washington, is retiring toward the end of the year. A search for a successor has not yet begun.
Roger Yates, director of Morgan Grenfell Asset Management in London, will rejoin G.T. Capital Management as chief investment officer for U.K./Europe. He will replace Hugh Sloane, who left last year. Mr. Yates' position at Morgan Grenfell hasn't been filled, and his duties have been divided among other managers.
Mr. Yates was with G.T. from 1981 to 1988. G.T. also hired five new portfolio managers, two economists and three analysts.
Stratford Advisory Group, Chicago, plans to restructure following the announcement of the resignation of Russell W. Hill, senior vice president and director of the consulting division.
Mr. Hill will leave Stratford in August after 12 years with the firm.
In the restructuring, Kathleen A. Crowley, senior vice president, is being promoted to the new position of director of client services. In her new capacity, Ms. Crowley will assume Mr. Hill's duties immediately of managing the consulting group, while continuing her work as manager of the firm's investment advisory division, which runs $200 million in a manager-of-managers approach.
Bruce Zimmerman joined Buck Consultants Inc., New York, as principal and consulting actuary. Mr. Zimmerman, who previously was a senior vice president Godwins Booke & Dickenson, Conshohocken, Pa., has expertise in actuarial services for both pension plans and health and welfare plans.
Mr. Zimmerman joined Buck in a newly created position. He has not yet been replaced at Godwins Booke.