Katherine L. Saigeon was appointed chief administrative officer of The California Endowment, Woodland Hills, Calif. Among other duties, Ms. Saigeon will oversee the investment of the endowment's roughly $1.5 billion in assets.
She had been assistant vice president-finance and assistant treasurer at the W.K. Kellogg Foundation, Battle Creek, Mich. A spokeswoman at the foundation said it is not known if and when her successor will be named.
Hugo Wildmann is the new retirement systems administrator for the Alameda-Contra Costa Transit District, Oakland, Calif.
He replaces Sheila Levin, acting administrator for the last 31/2 years for the $204 million fund. Ms. Levin's new title and duties are not yet known.
Mr. Wildmann had been treasurer at San Francisco Savings and Loan, where his duties included oversight of the defined benefit plan. His position was eliminated.
Kevin J. Kelly was named president and chief executive officer of Fidelity Investments Institutional Services, Boston.
He will oversee Fidelity's business gained through third parties, such as brokerage firms, banks and insurers in the United States and Canada.
Mr. Kelly replaces J. Gary Burkhead, vice chairman of FMR Corp., and president of Fidelity Institutional Group, who has been acting president of FIIS since September 1996.
Mr. Kelly will remain president and CEO of Fidelity Investments Canada.
Andrew Harmstone was named managing director and head of risk management and derivative strategies, a new position, at Credit Suisse Asset Management, London.
He previously was head of structured derivatives for Europe for J.P. Morgan Investment Management, London.
Paul A. Dow was named chief executive officer of Piper Capital Management, Minneapolis, succeeding William H. Ellis, who is retiring. Mr. Dow is the company's chief investment officer, a role he will retain. Paula R. Meyer replaces Mr. Ellis as president of Piper Capital. Ms. Meyer is senior vice president and director of marketing, a role she will retain.
Jeani Delagardelle joined Weiss, Peck & Geer Venture Partners, New York, as a new general partner focusing on medical device, biotechnology and pharmacy companies which represent 30% of the firm's overall portfolio. Previously, she was vice president global marketing at Target Therapeutics, a medical device concern.
Clifford H. Friedman has been hired as senior managing director, a new position at Bear Stearns Asset Management.
He will be the head of a new effort in the venture capital area, focusing on new media communications and technology companies.
Previously, Mr. Friedman was a senior vice president of Universal Studios, where he created Universal's New Media Group's growth strategy.
Wen-Ching Wang was named to the newly created position of senior vice president-portfolio strategist, with a focus on the mortgage securities market, at Weiss, Peck & Greer, New York. She formerly was senior research analyst for Fischer, Francis, Trees and Watts, New York. Ms. Wang and mortgage portfolio manager Rasul Shariff will handle responsibilities previously held by Steven Lear, who left the firm.
Steve Donihee left his position as president of SEI Corp.'s Canadian money management unit, Primus Capital Management. Patrick Walsh, chairman of Primus and senior vice president for its parent, SEI Financial Services, will be assuming most of Mr. Donihee's duties.
Mr. Donihee declined to comment on his departure or on his future plans.
Wil Gaitan has been named director of international consulting services (U.S.) at Buck Consultants Inc. Mr. Gaitan, who joined Buck from Watson Wyatt Worldwide last year as head of Buck's Spanish operations, also assumes direct responsibility for Latin America. He takes over the international helm from Mark O'Reilly, who left last year to join Watson Wyatt.
Zev Grossman has joined NatWest Markets as a senior research analyst covering the oil and gas exploration and production industry, a new position.
He had been with Salomon Brothers covering midcap U.S. stocks and large-cap Canadian companies as a senior oil and gas exploration production analyst.
Heidi Stam, associate director of legal and disclosure issues in the SEC's Division of Investment Management, will join Vanguard this month as a principal in charge of securities regulation. The position is a new one. She has not been replaced at the SEC.
