WHO'S NEWS
Allen J. Proctor was named executive director of the Police and Firemen's Disability and Pension Fund of Ohio. He replaces Henry Helling, who resigned. Mr. Proctor will have responsibility for the fund's $6.5 billion in assets. He had been vice president for finance at Harvard University, where he was replaced internally by Elizabeth Huidekoper.
Dan Roberts, head of fixed income, Michael Kimble, managing director, and vice presidents Louis Cohen, Taylor Wagenseil and Janet Murphy left UBS Asset Management (New York). The fixed-income professionals are expected to open a new money management firm affiliated with futures broker REFCO. REFCO officials did not return calls.
The departing team's duties will be assumed by remaining UBS staff, and the firm plans to recruit more people, said UBS President Jim McCaughan. Ranjani Nagaswami was promoted to replace Mr. Roberts as head of fixed income, and Lawrence Kemp was promoted to deputy head of fixed income.
Susan William, director of financial affairs at Webb Institute of Naval Architecture, Glen Cove, N.Y., left to join Dowling College, Oakdale, N.Y., as controller. Webb is searching for a replacement. Ms. William's duties included overseeing its $50 million endowment fund.
M. David Testa was named CIO of all investment management activities at T. Rowe Price Associates, a new position. He had been director of the firm's equity division; he will be replaced in that post by Jim Kennedy, who is head of the firm's equity research team
