Rex Privett, executive director of the $2.5 billion Oklahoma Public Employees' Retirement System, is retiring Jan. 1.
Trustees have appointed a search committee to name a replacement.
Lydia Lee, chief counsel, said the committee expects to conduct interviews in early December and select a new executive director by the end of the month.
Mr. Privett is a former speaker of the Oklahoma House of Representatives and has served as the fund's executive director since 1982.
Morton W. Rimerman, vice president of finance and treasurer at Philadelphia Electric Co., is retiring at the end of the month. His duties included oversight of the company's $2 billion-plus pension fund. He will be succeeded by J. Barry Mitchell, director of financial operations and assistant treasurer. The company has not yet announced a replacement for Mr. Mitchell.
Desmond MacIntyre was appointed manager of pension investments for the 900 million ($1.47 billion) Vauxhall & Associated Cos. pension funds in Luton, England. Vauxhall is the U.K. subsidiary of General Motors.
Mr. MacIntyre begins his new post Nov. 15. Previously, he was a consulting analyst with Frank Russell International, London, which advises the Vauxhall fund. There are no plans yet to replace Mr. MacIntyre.
Warren H. Otto joined San Francisco-based The RREEF Funds as vice president-portfolio management, a new position.
Mr. Otto previously was manager-real estate investments with the $16 billion pension fund for Chicago-based Ameritech.
Maytag Corp.'s treasurer, Thomas C. Ringgenberg, announced he will retire Dec. 31.
Mr. Ringgenberg, vice president and treasurer, joined the Newton, Iowa, company as a general financial trainee in 1964 and was promoted to his current position in 1989. His responsibilities included oversight of Maytag's $742 million pension fund and salary savings plan.
A Maytag spokesman said no replacement has been named.
Laura S. Lampert has been named investment assistant at the $27 billion North Carolina Retirement Systems, Raleigh. She succeeds Jeff Smith, who moved to the fixed-income department as an analyst. Ms. Lampert will research and analyze performance returns for the system's equity, real estate and venture capital managers.
She was formerly an asset manager, assistant vice president at TCW Reality Advisors, before attending Duke University's Fuqua School of Business.
Tony Ashmore, chief executive of the Merchant Navy Pensions Administration Ltd., Leatherhead, England, with about 2 billion ($3.24 billion) in pension assets under management, is retiring at year end. A successor has not yet been named.
Norbert Enste joined B. Metzler seel. Sohn & Co. Holding AG, Frankfurt, as a director. Mr. Enste, previously chief executive and chief investment officer of Commerz International Capital Management GmbH, is responsible for coordinating the institutional asset management activities for Metzler, Germany's oldest privately owned bank. His position is new.
Replacing Mr. Enste as chief executive officer and managing director at Commerz International is Hermann Alexander Schindler, who previously served as deputy managing director. As previously reported, Paul Burik has been named deputy managing director and chief investment officer.
Eric A. Simonson has been named president of Prudential Asset Management Group, Newark, N.J. Mr. Simonson, previously chairman of Prudential Global Asset Management, succeeds James W. Stevens, who is retiring next month.
Theresa Hamacher, who returned last month to Prudential from a stint at Bankers Trust Co., New York, was promoted to president and chief investment officer of Prudential Investment Advisors, the investment management unit of Prudential Mutual Funds. She replaces Harry Knapp, who now will be responsible for the public securities investment business of Prudential's institutional asset management group, a new position.
In her new role, Ms. Hamacher will oversee the investment of all mutual funds. She was previously head of equity mutual funds.
David Nadig has entered into an exclusive, long-term consulting relationship with Wells Fargo Nikko Investment Advisors, San Francisco. He will be responsible for marketing and strategic development of defined contribution plan services.
Mr. Nadig was previously a consultant with Cerulli Associates, Boston, where a spokesman declined to comment on personnel changes.
William M. Mercer added three consultants to its U.K. asset consulting team. Adrian Swales joined Mercer from Antony Gibbs Benefit Consultants, Anwen Owens joins from Bacon & Woodrow, and Fiona Dunsire is making an internal transfer from the benefits side of Mercer.
Also, consultant Ruud Pijpers is leaving Mercer to take a post with Dutch pension and insurance regulator Verzekeringskamer. He had moved to London last year when Mercer consolidated its continental European asset consulting team. Mercer is seeking a replacement to cover the Dutch pension market.
J. Carter Beese Jr., commissioner with the Securities and Exchange Commission, will join the Center for Strategic and International Studies, a Washington think tank, later this month.
Mr. Beese, who announced plans to resign from the SEC some months ago, will be a senior adviser and head of the center's newly formed capital markets reform project, which will look at ways to streamline securities regulations.
