Afsaneh Mashayekhi Beschloss was put in charge of the World Bank's $30 billion in liquid assets, in addition to managing its approximate $7 billion in pension assets. The move is part of a restructuring that is intended to make treasury operations more efficient.
The liquid assets had been overseen by Veronique Lavorel, who left in the spring.
Jack Stair, senior consultant in finance with DuPont, left the firm to join Philip Morris as director of international employee benefits. That position has been vacant for about nine months.
Lucille Jones, now a senior consultant at DuPont, will replace Mr. Stair.
Wendy Mayall was named chief investment officer of Unilever Pension Investments Ltd., London, after having acted as an in-house consultant for the Anglo-Dutch giant for the past year on investment strategies.
Ms. Mayall's new duties now include overseeing investments of the (pounds)3.5 billion ($5.5 billion) Unilever Superannuation Fund in London.
Until a year ago, Ms. Mayall had been director of research and managing director at consultant Stamford Associates in London.
R.R. Donnelley and Sons named Kathleen Wassmann manager of trust investments for its pension fund, a new position.
The post was created after the departure of Jack Moore, assistant treasurer and head of investments, and the reconstruction of the treasury department. Ms. Wassmann had been an investment analyst for the $1.1 billion fund.
Cynthia Hargadon resigned as chief investment officer of the $5.5 billion ICMA Retirement Corp. to accept the position of president of the Stable Value Association.
Ms. Hargadon joins the GIC industry trade association as its first Washington-based executive following its relocation from Lake Oswego, Ore., this summer.
ICMA is forming a search committee to select a replacement.
R. Guy Kraines was named vice president and treasurer at Consolidated Freightways Inc. He had been assistant treasurer. His new duties will include overseeing the company's pension assets. As of June 30, Consolidated Freightways the firm had $440 million in defined benefit assets and $475 million in defined contribution assets.
The appointment will be effective in mid-November when the firm's largest subsidiary, CF MotorFreight, is spun off as an independent entity.
David F. Morrison, now treasurer, will become executive vice president and chief financial officer of CF MotorFreight.
Joseph Braccia, director-public markets of the Pennsylvania State Employes' Retirement System joined Miller, Anderson & Sherrerd, West Conshohocken, Pa., as a client account manager, a new position. A search is under way for his replacement at the fund.
George Bueno, formerly controller of Local No. 153 of the Office & Professional Employees' International Union, New York, was promoted to director of its $180 million pension fund. He replaces William Leitold, who left Sept. 13.