David M. Stein, former director of investment research with GTE Investment Management - which oversees the $17 billion GTE Corp. pension fund, Stamford, Conn. - joined Parametric Portfolio Associates, Seattle, as managing director.
Mr. Stein will support Parametric's structured equity portfolios and work in quantitative portfolio management. His position is a new one.
His replacement at GTE wasn't available at press time.
Susan Schueren was promoted to the newly created position of chief of international equities at the $68 billion Florida State Board of Administration, Tallahassee, said Lan Janecek, chief of equities. The position was created because international securities, 8% of the fund's total assets, now amount to more than $4 billion, he said. In her new position, Ms. Schueren will oversee a portfolio manager and an assistant portfolio manager. No one will replace her as senior portfolio manager.
Earl C. Shanks was named vice president and treasurer of NCR Corp., Dayton, Ohio, a new position; the company is being spun off from AT&T Corp. later this year.
He will establish and implement investment objectives and strategies for NCR's pension assets and other benefit plans. His duties also include managing cash flows, foreign exchange risk, and financing activity.
Mr. Shanks had been vice president and treasurer of Farley Industries Inc., Chicago. Farley executives couldn't be reach on his replacement.
Ronald P. Lynch, managing partner of Lord Abbett & Co., New York, since 1983, died June 27 at the age of 60. Mr. Lynch joined the firm in 1965, initially selling its mutual funds, and rose through the ranks to help chart its strategic direction and investment focus. While he didn't manage portfolios on a day-to-day basis, he supervised the investment policy of the firm. Robert S. Dow, chief investment officer, will assume the additional role of managing partner. Mr. Dow rejoined Lord Abbett in 1982 as executive vice president and portfolio manager of the firm's fixed-income mutual funds and was named CIO and president of Lord Abbett Fixed-Income mutual funds in October 1995.
Greg Wilensky, former treasury manager at AT&T Corp., joined the synthetic GIC group at Sanford C. Bernstein & Co., New York, as a portfolio manager, a new position.
Joe Joshi and Kevin McCreesh left Mitchell Hutchins Asset Management Inc., New York, to form a new core value team at Systematic Financial Management. Mr. Joshi, formerly managing director of core value equities at Mitchell Hutchins, has been named senior managing director and chief investment officer of Systematic. Mr. McCreesh, formerly first vice president and analyst at Mitchell Hutchins, has been named senior vice president and portfolio manager. Mr. Joshi said he will have a substantial partnership stake in Systematic.
A spokeswoman for PaineWebber Group, the parent of Mitchell Hutchins, said there were no immediate plans to replace them.
Stephen Green joined Chicago-based Stratford Advisory Group's investment consulting services staff. Prior to joining Stratford, Mr. Green was a senior consultant and member of the strategic planning committee at Mercer Investment Consulting, Chicago, where his responsibilities have been assumed by other staff members. Mr. Green will serve as a consultant and will assume a role in Stratford's investment manager research program. He will be a member of the firm's client practice committee and investment committee.
J. Perry Johnson resigned as a partner in client servicing and business development at Brinson Partners, Chicago, to take a position as regional head of consulting for Watson Wyatt Investment Consulting in Atlanta.
Mr. Johnson will be director of Watson Wyatt's consulting activities in the Southeast, but also will work on some nationally focused projects, said Roger Bransford, managing director.
A spokeswoman for Brinson said Mr. Johnson's client servicing duties will be spread among existing executives, and a replacement is being sought for Mr. Johnson in business development.