Gordon Linsday will become executive director of the Municipal Employees Retirement System of Michigan, Lansing, Aug. 18. He replaces Dorothy A. Stevens, who is retiring after 20 years at the $2.6 billion fund.
Mr. Linsday retired as deputy director, bureau of investments at the Michigan Department of Treasury after 27 years. The search for his replacement is under way, said Barry Stevens, director, bureau of investments. Mr. Linsday assisted in overseeing the State of Michigan Retirement System.
Eric W. Sherman was named executive director for the Health Services Retirement Plan, New York. He will oversee the plan's $345 million in assets. He had been senior benefits administrator for New York-based Marsh & McLennan's $800 million plan, where he has not yet been replaced. Mr. Sherman replaces Elenita Bader, who was named director of benefits for the University of Pennsylvania's pension plan in December.
Connie Thompson was named chief financial officer of the $600 million Bush Foundation, St. Paul, Minn., replacing Gerald M. Skogley, who retired. Ms. Thompson was controller of the foundation.
Robert C. Peck Jr. was named executive vice president and chief investment officer-fixed income at Zurich Kemper Investments, Chicago. He will oversee $30 billion in mutual fund bond assets and direct the mutual fund fixed-income department. He replaced J. Patrick Beimford, who will return to his role as co-portfolio manager of several bond funds and adds responsibility for managing fixed-income investments within certain Kemper equity funds.
Mr. Peck had been chief investment officer of fixed income and an executive vice president at Van Kampen American Capital in Houston. Van Kampen American did not return calls regarding a replacement.
Guy De Froment joined join Paribas Asset Management Inc.'s London office as head of financial asset management and institutional asset management, a new position. He has been appointed to the executive committee and will report to Francois Debiesse, head of asset management. He had been a managing director at BZW Investment Management, London, where he has yet to be replaced.
Michael A. Mullaney joined Boston Partners Asset Management L.P., Boston, as a partner and portfolio manager on the fixed-income team, a new position. Previously, Mr. Mullaney was a vice president at Putnam Investments, Boston, where he served as co-director of quantitative fixed-income and manager of key account portfolios. His duties there have been assumed internally.
Stephen Cummings will become president of Marquette Associates, a new position, July 7. Mr. Cummings will oversee the firm's strategic planning, new business development, consulting to existing clients, staffing and research. He will be assuming some of the duties of Brien O'Brien, founder and chairman of the firm, who will continue to be actively involved with the business. Mr. Cummings comes from Ennis, Knupp & Associates, where he was principal and senior consultant. Six senior consultants will service clients affected by his departure.
William M. Lyons was named president of American Century Investors, Kansas City, Mo. James Stowers III relinquished the title and will concentrate on his duties as chief executive officer and manager of the $20 billion Twentieth Century Ultra Fund. He also will develop investment strategies and tools. Mr. Lyons already serves as chief operating officer and executive vice president of American Century, positions he will retain.