Charles L. Dunlap was named executive director of the $37 billion Teacher Retirement System of Texas, Austin. Mr. Dunlap, retired executive vice president of NationsBank of Texas, replaces Wayne Blevins, who left in March.
Michael Barron, former TRS chief financial officer, and Carlos Resendez, executive administrator and chief investment officer of the Texas Permanent School Fund, were the other two finalists.
The $8.3 billion endowment for the Howard Hughes Medical Institute, Chevy Chase, Md., hired Daniel Szente as managing director-equity, said Carter F. "Terry" Wolfe, vice president and CIO.
Mr. Szente was assistant director-investments of the Ohio State Teachers' Retirement System, Columbus. After a transition period at Hughes, Mr. Szente will take over management of the endowment's $1.8 billion of in-house equities from Lillian Blucher, who will become managing director-investments and focus on "broader issues," Mr. Wolfe said.
Officials at Ohio Teachers have not yet decided on a replacement.
Wayne Thornbrough was named managing director and head of equity at UBS Asset Management (New York) Inc., New York. He replaces Paul Morris, who resigned to join Weiss Peck & Greer, New York. Mr. Thornbrough was previously president of Dillon, Read Investment Management, New York, where he has not been replaced yet.
Joseph A. LoCicero was named president of Buck Consultants Inc., New York, assuming part of the duties of William W. Giegerich, who was president and chairman.
Mr. Giegerich will remain chairman.
Mr. LoCicero was a consulting actuary and group executive. As president, he will oversee Buck's U.S. operations. Mr. Giegerich will continue to be responsible for Buck's non-U.S. offices and on other business activities, such as acquisitions by Buck.
Thomas L. Van Zant joined the Western regional office of The Common Fund in Redlands, Calif., as vice president responsible for client service, a new position. Before joining the fund, he was controller at the University of San Diego. He managed approximately $42 million of short- and intermediate-term operating cash and implemented policy regarding the university's endowment investments and asset allocation.
At the university, three people have been promoted to higher level positions to replace Mr. Van Zant.
Dennis D. Spice, former executive director of the State Universities Retirement System of Illinois, formed Institutional Advisors Ltd., Champaign, Ill., a firm to consult to small pension funds and investment managers.
Mr. Spice will target corporations, institutions, foundations and endowments with assets from $10 million to $100 million, offering investment policy and asset allocation consulting, according to a prepared statement. In addition, Mr. Spice will offer marketing and client services to emerging and established money management firms.
Mr. Spice resigned earlier this year from Illinois SURS following a controversy over his compensation and spending practices at the fund.
Douglas L. DuMond was appointed national director of sales in the defined contribution group of MetLife, New York, a newly created position. Mr. DuMond assumes responsibility for enhancing the distribution of MetLife's defined contribution plan programs and managing the national sales force. Mr. DuMond was previously a managing director for Aetna Investment Services, Hartford, Conn., where he managed national marketing and client service for midsized corporate pension and 401(k) plans. Andy Schwartz, an Aetna spokesman, said there are no immediate plans to replace Mr. DuMond.
Gail C. Haynes was named executive vice president of the Pension Real Estate Association. She replaces Robert Staley, who joined Hart Advisers in September as senior vice president and partner. Ms. Haynes joined PREA in 1993 as program director.