O. Kemp Dozier, chief investment officer for the $16 billion Virginia Retirement System, Richmond, announced his resignation effective Sept. 9. He cited family health reasons. He will be replaced on a temporary basis by Acting Director Erwin Will Jr. A search committee will be formed to seek a permanent replacement for Mr. Dozier.
Mr. Dozier joined the system Jan. 1. He had been vice president and treasurer of Richmond-based Universal Corp.
Laurence B. Siegel, former managing director at Ibbotson Associates Inc., Chicago, was hired as director-quantitative analysis in the investment division of the $6.7 billion Ford Foundation, New York.
Mr. Siegel left Ibbotson in the spring.
The Ford position is believed to have been vacant for some time, although foundation officials could not be reached for comment.
James Fleischmann, formerly co-manager of the $1.1 billion Salomon Brothers Fund at Salomon Brothers Asset Management, New York, joined TIAA-CREF, a Salomon official said. His duties at Salomon will be assumed by Ross Margolies, who will continue to manage the U.S. Hybrid Equity Fund. Officials at TIAA-CREF declined to comment.
Gert van Arkel will become the new general manager of PVF, Amsterdam, a manager of about 30 industry pension funds. He currently is director of BV Detam, Utrecht, a similar firm that manages and administers eight industry plans. Replacing Mr. van Arkel at Detam on an interim basis will be Jan de Jonge, a manager with Custom Management, Utrecht.
William F. Pridmore left Harris Trust and Savings Bank to form his own consulting firm specializing in advising institutional investors on global securities services, including securities lending and borrowing, global custody, master trust, and cash management.
The new firm, W.F. Pridmore Ltd., will be based in Winnetka, Ill.
At Harris, Mr. Pridmore was senior vice president in the trust department. His duties included global custody and securities lending. A Harris spokeswoman declined to say if he would be replaced.
Eric Kirsch was named the new head of the stable value asset management group for New York-based Bankers Trust Co.'s global investment management business. Mr. Kirsch, vice president and portfolio manager in the stable value group, replaces Jeremiah H. Chafkin, who was named head of Bankers Trust's Japanese trust operations in Tokyo.
T. Rowe Price Associates Inc., Baltimore, appointed William T. Reynolds director of its fixed-income division, a new position that includes some duties previously handled by chief executive officer George Collins. Mr. Reynolds will oversee management of about $21 billion. He had been director of the firm's municipal bond division and president and a director/trustee of several of its municipal bond funds.
Edward Pittman was named president of the Quantitative Group of Funds, Lincoln, Mass. Previously executive vice president of the funds' manager, Quantitative Advisors Inc., Mr. Pittman succeeds Willard Umphrey, a founder of the funds, who will remain as chairman.
James Coxon and James Neel were named executive vice presidents and equity portfolio managers of Kemper Asset Management Co. Chicago. They will manage equity accounts and the equity portion of balanced accounts for the firm's institutional clients. They replace Bruce Ebel and Robert Takazawa, who recently left Kemper to join Loomis, Sayles & Co. Inc., Chicago. Messrs. Coxon and Neel already served on the firm's equity investment committee.
In addition, George Klein was promoted to executive vice president and James Cusick was promoted to first vice president of Kemper Asset Management.
Roy H. March was named president of Eastdil Realty Inc., New York. The position is a new one, resulting from Eastdil's repurchase of the 50% equity interest it sold to Nomura Securities Ltd. in 1986. Mr. March has been with Eastdil since 1978, most recently as managing director, and has been a member of the board of directors since 1986.
Steven Duff, formerly director of mutual fund administration of NationsBank, Charlotte, N.C., has been named president and chief executive officer of Reich & Tang Mutual Funds, New York, a business unit of New England Investment Cos.
William S. Hensel joined Froley Revy Investment Co., Los Angeles, as principal and managing director. Mr. Hensel is senior portfolio manager of the Pacific Horizon Capital Income Fund of Bank of America, Los Angeles, which he joined in 1982. He will continue managing the fund.
Mary Harris is joining Tiger Real Estate Partners, New York, as a principal and director of investor relations, a new position. She had been a principal and director of client relations at real estate consultant Institutional Property Consultants, San Diego. A replacement has not yet been selected at IPC.
Johan Markey joined the asset consulting firm Pragma Consulting, Brussels, as a consultant, a new position. He previously was an account executive in mergers and acquisitions at Credit Lyonnais Belgium.
Jacqueline Frank joined the Wyatt Co. as Western region risk management practice leader. Ms. Frank will be responsible for managing the risk management practice in the region including Hawaii, Arizona, Alaska, Colorado, California, Oregon and Washington. She also will provide workers' compensation and liability actuarial consulting services to insurance companies and self-insured clients. She previously was manager of the risk management and casualty practice at the San Francisco office of Towers Perrin's Tillinghast division, where she will be replaced by Robert N. Darby.
Mark Kordonsky joined Buck Consultants as principal and international consultant, a new position based in its Los Angeles office. He previously was a managing consultant at A. Foster Higgins' Los Angeles office, where he has not yet been replaced.
Bruce Mamary joined the Dallas office of Buck Consultants as a principal and benefit consultant, a new position. He had been with Wyatt in Dallas, where Carol Benjamin, director of account management, assumed his responsibilities. In his new job, Mr. Mamary will specialize in designing and funding employee benefit plans, including non-qualified retirement plans.
Eric Wollman, director of corporate governance for the New York City pension funds, has taken a new position as staff attorney in Comptroller Alan G. Hevesi's office. Mr. Wollman is likely to be replaced by an insider, said Jon Lukomnik, deputy comptroller for pensions.
Andrew G.T. Moore II, a former justice of the Delaware Supreme Court, joined Wasserstein Perella, New York, as senior managing director. He will advise boards of directors on takeover and corporate governance related matters, and will provide mediation and arbitration services.
Three portfolio managers and two marketing executives have signed on with Investment Advisers, Minneapolis. Named vice presidents and equity portfolio managers were John A. Twele, formerly a senior equity investment analyst at IDS Financial Services, Minneapolis; Robert J. New, formerly an institutional sales and equity research associate at Adams, Harkness & Hill Inc., a brokerage firm, Minneapolis; and Mark C. Hoonsbeen, formerly an equity portfolio manager at the St. Paul Cos. Inc.
Mikael Salovaara joined The Blackstone Group L.P., New York, as a limited partner and will be a member of the firm's investment committee. Mr. Salovaara, who started Greycliff Partners, Marstown, N.J., in 1991 and was its president, will remain a general partner at Greycliff while the firm is dissolved.
Marybeth Whyte, previously senior vice president and head of the municipal bond area at Fiduciary Trust Co. International, New York, will be the primary portfolio manager for Municipal Partners Fund Inc. and Municipal Partners Fund II Inc. for Salomon Brothers Asset Management Inc., New York. She replaces Lori Cohane, who has left the firm.
Institutional Capital Corp., Chicago, hired Pamela H. Conroy for the new position of senior vice president in charge of client communications and systems, said William Forsythe, a partner with the firm's marketing consultant, Frontier Partners Inc., Chicago.
Ms. Conroy also will provide business development support for the firm. She had been a vice president in the Investment Services Group at the Northern Trust Co., Chicago, Her duties have been assumed by a group of executives, a Northern spokeswoman said.
Kidder Peabody Asset Management formed a credit union advisory group to provide investment management services to credit unions.
Kidder hired three senior staffers from Southwest Corporate Federal Credit Union to staff the Dallas-based group: Emily Hollis, Southwest's CIO, and portfolio managers James Horton and Thomas Manley.
Investment Management Group Inc., Richmond, Va. has appointed two sales and marketing professionals to new positions as part of a continuing expansion of the institutional sales department. Stephen A. Ball, formerly director of financial services at 1838 Investment Advisors, Radnor, Pa., was named vice president, and Suzanne M. Balboa, formerly a member of the trust and sales department of Prudential Bank and Trust Co., Atlanta, was named institutional marketing coordinator.
Mr. Ball was replaced at 1838 by Steve Kapis; Ms. Balboa has not been replaced yet.
IMG is a money management subsidiary of Wheat First Butcher Singer Inc., with more than $4 billion in assets.
Edward C. Wilson, formerly vice president and national sales manager for Keyport Life Insurance Co., Boston, joined Van Eck Global, New York, as national sales manager for the Van Eck family of mutual funds. Jan Van Eck, who formerly served as national sales manager, will increase his focus on the growing area of Asian investments.
Van Eck Global runs $2 billion in global and gold-related assets in mutual funds and private accounts.