David McKendrick, financing services international manager for IBM Corp., Bedfont Lakes, England, is retiring Oct. 5. Mr. McKendrick is one of the architects of IBM's now-shelved plans to integrate its pension assets internationally.
He will be succeeded by Nevill Brooke, now manager, IBM retirement funds Europe. A successor for Mr. Brooke has not been named.
Charles R. Lathem has been named director-portfolio management at Trammell Crow Realty Advisors, Dallas. Mr. Lathem formerly was chief asset manager at the Teacher Retirement System of Texas, Austin, where Keith Garrison was promoted to replace him. At Crow, Mr. Lathem replaces Lawrence A. Corson, who left to assume a similar position at J.E. Robert Co.
Chris Carabell, previously pension investment analyst, was promoted to director of investments at the Boy Scouts of America, Irving, Texas. Mr. Carabell said in his position - a new one - he will oversee the Scouts' $550 million pension fund and other assets of about $250 million.
Ken Bancroft, formerly director of pension investments for GWL Investment Management in Winnipeg, Manitoba, became director of investments of the C$900 ($657 U.S.) million Teachers' Retirement Fund in Alberta, Edmonton. He replaced acting director Elizabeth Lunney, who left voluntarily this summer. She had replaced Stuart Robinson, who had retired in February.
Mr. Bancroft said his accounts at GWL were distributed among three former colleagues.
Philip Morris Cos. Inc., New York, named Larry A. Gates to succeed John J. Tucker, who is retiring as senior vice president, human resources.
Mr. Gates, formerly vice president of human resources for Philip Morris International, will oversee the company's nearly $5 billion defined contribution plans and other employee benefits programs.
Ronald L. Seeling was named chief actuary of the $78 billion California Public Employees' Retirement System, Sacramento. Mr. Seeling, consulting actuary and managing consultant in the Atlanta office of William M. Mercer, is expected to join the fund in November. Mercer has not named his replacement yet.
Jim McCaughan, president of UBS International Investment London, is moving to Zurich at the end of September to take on a new strategic role within Union Bank of Switzerland's asset management business. As functional coordinator, institutional asset management, he will focus on planning, research and possible acquisitions.
Jeff Hayes, managing director, will take over as president of the London unit.
Alliance Capital Management, New York, named Ajai Kaul as India country manager and president of Alliance Capital Asset Management (India) Pvt. Ltd. Bombay, India. The firm's Indian unit, which will begin operating later this year, will enter the domestic money management business through a mutual fund to be launched by early next year, Mr. Kaul said. He formerly was a vice president in the global investment management unit at Bankers Trust Co., New York.
Harris Investment Management Inc., Chicago, hired Laura Alter as a senior partner and fixed-income portfolio manager, said Mark Newlin, senior partner in charge of fixed income. Ms. Alter, who was a vice president and portfolio manager at Van Kampen Merritt Management Inc., Oakbrook Terrace, Ill., is not replacing anyone in particular, Mr. Newlin said. Last year, Harris' chief investment officer and a group of fixed-income managers left to join CSI Asset Management, Chicago.
Robert Hickey, associate portfolio manager, at Van Kampen Merritt, will assume Ms. Alter's duties.
Lars Toomre joined MetLife Investment Management Corp., New York, as a managing director, with responsibility for the structured portfolio management group, incorporating immunized and dedicated portfolios. Mr. Toomre will have some portfolio management duties, as well as product development and investment systems technology. It is a new position.
Mr. Toomre previously was a vice president in charge of the collateralized mortgage operation at Union Bank of Switzerland in New York. A spokesman for UBS declined to comment on his replacement.
Ann Schleck joined Defined Contribution Advisors, Minneapolis, formerly Esch Consulting, as a partner. She will provide consulting services to defined contribution plans. She had been a vice president at Norwest Bank, Minneapolis, where she most recently was head of defined contribution plan education for external clients.
Laurie Nordquist, a Norwest bank spokeswoman, said Ms. Schleck's duties have been reassigned internally as part of a realignment of the bank's defined contribution customer service unit.
David Blanchard was named director of institutional sales at Amerindo Investment Advisors, New York. and will be responsible for developing an internal marketing capability. Mr. Blanchard has been a private financial consultant for the past year. Before that he was lead fixed income marketing executive at Mitchell Hutchins Asset Management Inc., New York.
Douglas Stark was named senior vice president and portfolio manager at InterCoast Capital, a Dallas manager with $350 million under management. Deborah Trask was named senior vice president and operations manager.
The two are joining InterCoast - which opened in May - from State Street Global Advisors, Boston, where their duties are being reassigned to existing staff.