Albert Hsu joined Xerox Corp., Stamford, Conn., as principal-trust investment.
He will work on the investment team that oversees the defined benefit and defined contribution plans, which combined have approximately $8 billion in assets, and report to Myra Drucker, chief investment officer and assistant treasurer.
He is replacing Chris Campisano, who left early this year for a position at Delta Air Lines Inc., Atlanta.
Mr. Hsu was a director, member services research, at The Common Fund, Westport, Conn.; Kwok Eng will take on those duties until a replacement is chosen.
Thomas L. Harvey became manager-public markets group at BellSouth Corp., Atlanta.
Mr. Harvey replaced Bill Worsley, who will take a one-year sabbatical.
Mr. Harvey, who previously headed the real estate division at BellSouth's private market group, will direct the planning, allocation and investment management for the company's public market investment portfolios, valued at an estimated $22 billion.
No successor has yet been named for Mr. Harvey.
Alan Altschuler was named chief financial officer of the recently formed Doris Duke Foundation, New York. Mr. Altschuler will oversee the investment portfolio of the $1.2 billion foundation.
He had been chairman of the board of the American Diabetes Association.
Anne M. St. Clair, manager-benefit trusts, Montell USA Inc., Wilmington, Del., who oversees $200 million in defined benefit and 401(k) assets, was promoted to strategy and resource manager with Montell Australia Pty. Ltd., Melbourne, effective Oct. 1.
She will be replaced by Deborah A. Hunter, who has been senior business analyst-North American finance group.
Robert La Fors was hired to head ABKB/LaSalle Securities (Europe) B.V., a new LaSalle Advisors' subsidiary in the Netherlands, a spokeswoman said. Mr. La Fors will become managing director of European Property Securities for LaSalle. He formerly was with Pensioenfond MPMA (Metalworkers) in the Netherlands.
Bertrand Goudreault, pension fund controller for the city of Montreal, will join Ultravest Investment Counsellors Inc. as a vice president in marketing and client servicing.
Mr. Goudreault said he will work out of Ultravest's Montreal office. Mr. Goudreault's duties will be assumed by Rejean Guillotte, pension fund controller in charge of Canadian investments and economist for Montreal.
Thomas L. West Jr. added the post of chief executive officer to his list of duties at the Variable Annuity Life Insurance Co., Dallas. Mr. West is also president of VALIC.
He succeeds Stephen D. Bickel, who also was VALIC's chairman. Mr. Bickel has retired, but will remain a consultant to American General, VALIC's parent, for two years. American General has not appointed a new chairman yet to replace Mr. Bickel.
State Street Research & Management Co., Boston, appointed three portfolio managers to take over several accounts. Peter Bennett will manage $512 million in an institutional separate account, the $1.3 billion Capital Fund, a $1.4 billion variable annuity and life insurance portfolio, and the offshore fund Pegasus. Mr. Bennett is executive vice president and chief investment officer of equities.
Also, Pete Woodworth will manage the firm's $217 million Growth Fund. Mr. Woodworth, senior vice president and lead portfolio manager for State Street Research's equity group growth team, continues to manage institutional portfolios and the Exchange Fund.
Vice President J.C. Cabrera will take over the firm's $70.4 million Emerging Growth Fund; he will continue to manage small-cap institutional assets.
The three were appointed to replace portfolio managers Fred Kobrick and Michael Carmen, who left to create a mutual fund company with the support of HFS Inc., Parsippany, N.J.
David Kruth joined Alliance Capital Management L.P., New York, as a vice president with the Alliance Real Estate Investment Fund, a new position. Mr. Kruth was a senior vice president with The Yarmouth Group, now known as ERE Yarmouth, New York.
His duties are being absorbed internally, according to a Yarmouth spokesman.
Jeffrey M. Piliero joined Captrust Financial Advisors, as vice president in charge of investment adviser research, a new position. He will select and review managers for wrap and consulting programs the firm offers to broker consultants.
Mr. Piliero was a division vice president-managed accounts services at PaineWebber.
At Captrust, he will report to William O'Reilly, director-research.
John E. McHugh III joined Sterling Johnston Capital Management, San Francisco, as a portfolio manager/research analyst, a new position, according to Scott Johnston, chairman.
Mr. McHugh was with Emerging Growth Management, San Francisco, where he worked as an analyst on institutional accounts and the firm's hedge fund.
Kelly Barlow replaced Mr. McHugh at Emerging Growth, said Michael Jackson, chairman. Mr. Barlow was formerly an analyst/portfolio manager with Wells Capital Management, San Francisco.