PERRIER TO EXIT MAINE SYSTEM FOR TECH FIRM: Claude Perrier, executive director of the $4.4 billion Maine State Retirement System, Augusta, will leave the system at the end of the summer to join Camden Innovation Station 2000, Baltimore, a venture of Milliman & Robertson, Mr. Perrier said.
He said board members will decide on how to go about finding a replacement. At his new job, Mr. Perrier will be involved in all phases of the company, which will offer technology-based financial products that support investment management and research.
Larry Prendergast was named chairman and chief executive officer of AT&T Investment Management Corp., New York. He is replacing David Feldman, who retired. Mr. Prendergast had been treasurer of AT&T since 1983. Edward M. Dwyer was named vice president and treasurer replacing Mr. Prendergast. He was senior vice president and chief financial officer at AT&T Capital Corp. Both will report to Dan Somers, AT&T's senior executive vice president and chief financial officer. ATTIMCO oversees nearly $75 billion in AT&T employee benefit assets.
Michael Stavar joined Allegheny Teledyne Inc., Pittsburgh, as assistant treasurer and head of pension and savings fund investments, a newly created post. Allegheny has about $2.4 billion in pension assets and $600 million in its savings plan. Employee benefit funds had been managed by Robert Park, vice president and treasurer. Mr. Stavar joined Allegheny from Mellon Bank, Pittsburgh, where in recent months he had focused on building a trading system, compliance activities and portfolio analysis.
Jean Ledford was named portfolio manager of the American Century-Twentieth Century Select Fund, Kansas City, Mo. She had been director of investments at the $40 billion-plus State of Wisconsin Investment Board, Madison, where she managed a $5 billion large-cap stock portfolio.
A search for a replacement is still in progress, said Kurt N. Schact, general counsel.
Paul Guidone, previously chief executive and chief investment officer, worldwide at HSBC Asset Management, New York, was named deputy chairman, a new position. He retains his title as chief investment officer.
Robert Duggins, previously chief executive of the Asia Pacific region and managing director of retail operations, also became a deputy chairman and chief executive officer of HSBC Asset Management worldwide.
Mr. Guidone will focus on the investment side of the business, while Mr. Duggins will be in charge of broader management, marketing and sales.
Also, Angela DeRosa, previously chief operating officer of the Americas, becomes chief executive for the Americas. Following Mr. Duggins' move to London from Hong Kong, Paul Chow, now deputy chief executive for Hong Kong, will take care over some of his responsibilities as chief executive Hong Kong.
John Cole joined Lincoln Capital Management Co., Chicago, as one of three portfolio managers responsible for client relationships and $20 billion in equity investments, a new position. Mr. Cole was an executive vice president and chief equity investment officer at Boatmen's Trust, St. Louis. Boatmen's would not comment on his replacement.
Curt McLeod joined Investment Advisers Inc., Minneapolis, as a senior member of its small-cap growth team, replacing Rick Leggott, who left to start his own firm. Mr. McLeod was a senior vice president and equity portfolio manager at Piper Capital Management, Minneapolis. Piper is searching for his replacement.
Eric Kuby, Peter Gottlieb and Michael Stoken left Oppenheimer & Co. to head up First Albany Corp.'s new Chicago office.
Mr. Kuby will be a senior portfolio manager and senior vice president; Mr. Gottlieb will be a portfolio manager and vice president; Mr. Stoken will be senior vice president in sales and manager.
All three were in brokerage sales at Oppenheimer, although Messrs. Kuby and Stoken had been portfolio managers earlier at its Oppenheimer Investment Advisors division. The firm isn't related to Oppenheimer Capital or Oppenheimer Funds.
Oppenheimer has no plans to replace the three.
Henrik Rhenman joined Cowen Asset Management, New York, as a managing director for global health care funds management, a new position. Mr. Rhenman will be responsible for developing a health-care focused investment discipline and overseeing a series of health-care focused investment products for institutional and wealth individual investors. The company is developing a foreign global health-care fund and a U.S.-based global health-care mutual fund.
Peter Lombard joined BancBoston Securities, Boston, as managing director and head of corporate finance, a new position. Mr. Lombard will manage the group's strategic advisory activities for clients and will expand the bank's merger and acquisition capability. Mr. Lombard previously was a managing director in the mergers and acquisitions department of Prudential Securities Inc., New York. A Prudential spokeswoman would not comment directly on a replacement for Mr. Lombard.
Robert Capaldi joined BlackRock Financial Management, New York, as a vice president in the account management group, a new position. He will assist in developing fixed-income products and manage client relationships. Mr. Capaldi had been director of fixed-income research at RogersCasey, Darien, Conn. He was replaced internally by Steve Algert and Greg A. Peeke.
Samuel D. Shapiro joined Mitchell Hutchins Asset Management Inc., New York, as senior vice president in its public funds division. Mr. Shapiro will handle relationships with pension funds, a spokeswoman said. The position is a new one. Mr. Shapiro had been Maine's state treasurer for eight terms, but stepped down last year when voters imposed a four-term limit for state offices.