Elsie M. Fletcher, manager of pension investments for the $1 billion pension fund of EDS Corp., Plano, Texas, moved to San Francisco to be vice president and senior manager-pensions investments for Bank of America's $4 billion pension plan.
She replaces Joel Damon, who left several months ago.
A replacement for Ms. Fletcher at EDS has not been named.
Trustees of the $15.5 billion Alaska Permanent Fund Corp., Juneau, named Martin R. Pihl as interim executive director to replace William H. Scott, who resigned.
The fund will begin a search for a permanent executive director, hoping to fill the position in two to five months, said Jim Kelly, research liaison officer and spokesman for the fund. He doesn't believe trustees will use a recruiting firm.
Mr. Pihl retired in June as president of Ketchikan Pulp, a unit of Louisiana Pacific, and is, among other advisory posts, a director of National Bank of Alaska.
Trustees also elected Oral Freeman chairman of the board, replacing Ralph Seekins, who will remain as a trustee. Mr. Freeman had been vice chairman.
Oren G. Shaffer was hired as Ameritech Corp.'s new chief financial officer, effective Oct. 17.
Mr. Shaffer will oversee all financial aspects for Ameritech, including its $16 billion in pension and ESOP assets.
Judith Mares, Ameritech's chief investment officer, reports to Richard Pehlkey, vice president and treasurer, who will report to Mr. Shaffer, according to a spokesman.
Since 1992, Mr. Shaffer has been the president of a private investment firm in Naples, Fla., and before that was CFO for The Goodyear Tire & Rubber Co.
Mr. Shaffer replaces John A. Edwardson, who left Ameritech in July to become president of United Airlines.
Ronald D. Matthews was elected treasurer of Coastal Corp., Houston. Mr. Matthews had been serving as assistant treasurer at Coastal States Management Corp., a Coastal subsidiary.
Mr. Matthews replaces Jeffrey A. Connelly, who was named president and chief executive officer of Coastal's natural gas subsidiary, ANR Pipeline Co.
James D. Berghausen was named chief investment officer at Fifth Third Bank, Cincinnati, a new position. He had been vice president in the trust investment group.
A spokeswoman said the move is part of a consolidation of the personal and institutional investments under a single chief investment officer.
Lawrence Leighton and Mark King joined the staff of LM Capital Corp., New York, according to Leslie Corley, president and chief executive officer of the minority-owned investment banking firm.
Mr. Leighton was appointed senior vice president and marketing director of all of the firm's domestic and international banking efforts. He formerly was president and chief executive of UI-USA Inc., the U.S. merchant banking subsidiary of Credit Agricole, the largest bank in France.
Mr. King joins as vice president and director of LM's investment banking efforts for the western United States. He will be based in Denver.
Mr. King was formerly president and vice chairman of Industrial Service Technologies Inc., a holding company.
In addition, LM Capital formed an advisory board, according to Mr. Corley.
Board members include Obie McKenzie, managing director of UBS Asset Management; Jerome Katz, co-chief executive officer and president of Charterhouse Group International Inc.; Frank Nickell, president of Kelso & Co.; and J. Bruce Llewellyn, chairman and CEO of the Philadelphia Coca-Cola Bottling Co.
James M. Steuterman and Dean Bernstein were promoted to executive vice president and vice president, administration and finance, respectively, with New Plan Realty Trust, New York.
Mr. Steuterman was formerly the trust's senior vice president-acquisitions. His new position was re-established, having been vacant for about 10 years, said Ron Frankel, a company spokesman.
The acquisitions staff will share Mr. Steuterman's former responsibilities, and an additional staff member will be added at a later date.
Mr. Bernstein's position is a new one. He formerly was vice president in charge of apartment acquisitions.
The apartment team will assume his responsibilities, said Mr. Frankel.
New Plan's largest shareholder is the $95.7 billion Algemeen Burgerlijk Pensioenfonds, Netherlands.
Jeffery P. Jordt joined Segal Co.'s Chicago office as a vice president. He will be working as a pension consultant to corporations throughout the Midwest, a new position.
Mr. Jordt was formerly a principal and health and flexible benefits practice leader with Alexander & Alexander Consulting Group, Chicago.
A replacement has not been chosen, according to a spokeswoman for Alexander & Alexander.
Alan Fefferman joined Yield Enhancement Strategies Inc., Pearl River, N.Y., as director of its capital markets group, a new position.
Mr. Fefferman was a pension fund consultant at William M. Mercer Ltd., Toronto, Ontario, where other employees of the consulting firm have taken over his duties.
Paul V. Mee joined The Wyatt Co., Los Angeles, as Western regional manager, overseeing the consulting firm's 11 offices on the West Coast, Alaska and Hawaii. Mr. Mee previously was head of the Midwest regional offices for Alexander & Alexander Consulting Group, where he has been replaced by Robert R. Snyder in Minneapolis.
Beverley R. Maggs joined employee benefits consultant Milliman & Robertson to establish a benefit communications practice in the firm's Seattle office, a new client service.
Ms. Maggs previously was the communications practice leader at Howard Johnson & Co., Chicago, where she developed a variety of communications programs and campaigns including 401(k) plan communications and participant investment education.
Kathleen Lorsbach, formerly a communications consultant at Howard Johnson, assumed Ms. Maggs' duties as manager of employee communications services.
Malcolm Leonard, formerly a pension fund consultant and senior vice president of Kidder, Peabody & Co., Houston, joined New York-based Prudential Securities' consulting unit.
In the newly created position, he will be a senior vice president based in the firm's Houston office.
He has not yet been replaced at Kidder.
Joseph P. Bicknell joined First Interstate Bank of California as a vice president in charge of institutional trust development for San Diego County, including employee benefit trust, custody and investment management services, a new position.
He formerly was a vice president and institutional custody specialist at Continental Bank, which has been acquired by Bank of America.
Neil A. McGuinness joined Putnam Investments, Boston, as managing director-director of client services, a new position. Mr. McGuinness was president of Fidelity Investments Employer Services, a new venture that was never rolled out; before that he was national sales manager for Fidelity Investment Institutional Services, Boston.
Two stock portfolio managers joined Kemper Financial Services. Karen M. Adams, formerly vice president and portfolio manager at Northern Trust Co., Chicago, will manage the $595 million Kemper Small Capitalization Equity Fund.
Tracy McCormick Chester, formerly senior vice president and portfolio manager at Fiduciary Management Associates, will run the $157 million Kemper Blue Chip fund and the $628 million Kemper Retirement Fund Series.
The small-cap fund had been managed by Beth Cotner, executive vice president and director of the equity department, who now will devote all of her time to that post.
Jim Neel, who formerly managed the Retirement Fund Series and Blue Chip fund was promoted in August to executive vice president and equity portfolio manager.
At Fiduciary, Ms. Chester has been replaced by Joyce Culbert, who has named senior vice president. She formerly was vice president-research at Chicago Corp.
ICMA Retirement Corp. named Joseph T. Chadwick senior vice president and chief marketing officer.
He replaces Patrick Canfield, who left the firm to start his own business and to pursue other interests.
Mr. Chadwick previously was a principal and asset planning practice leader at William M. Mercer, where other consultants have assumed his duties.
Howard Goldman has joined Heitman Advisory as a vice president, said Andrew Deckas, president of Heitman Advisory Group, Chicago.
Mr. Goldman will be responsible for portfolio financing. He formerly was with the law firm of Winston & Strawn, where he was an associate in the real estate group.