MOLOZNIK TO HEAD UP UNION FUNDS
Terrence S. Moloznik was appointed executive director of investments for the International Brotherhood of Electrical Workers and National Electrical Contractors Association, Washington. Mr. Moloznik will oversee the investments of IBEW-NECA's $7.1 billion in pension fund assets and the $707 million National Electrical Annuity Plan. He replaces Basil Schwan, who had his contract terminated by fund officials earlier this year.
Mr. Moloznik had been a consultant to Taft-Hartley and public pension funds at Independent Fiduciary Services, Washington; he has not yet been replaced.
Darlene Pinnock started this week as investment director at National Geographic Society, Washington. She will oversee the society's $225 million defined benefit plan, $450 million capital fund and $75 million foundation, replacing Richard Moreland who left last year to join Cambridge Associates.
Ms. Pinnock was a senior financial analyst at Potomac Electric Power Co. The search for her replacement is pending the company's merger with Baltimore Gas & Electric Co.
Bethany Spurrier joined Baker Hughes, Houston, as financial benefits manager replacing Steve Lawrence, who remains on board focusing on international plans. Ms. Spurrier had been qualified plan specialist at Houston Industries, Houston, where her successor has yet to be officially named.
The Baker Hughes thrift plan has $568 million, according to Money Market Directory.
William J. Wheeler was named senior vice president and head of the newly created capital management group at Metropolitan Life Insurance Co., New York. He had been senior vice president in the investment banking division at Donaldson, Lufkin & Jenrette Inc., New York. The capital management group will assist MetLife in evaluating, managing and raising capital.
Thomas Sassi was named senior portfolio manager of UBS Asset Management's $750 million UBS Equity Invest USA Fund, which focuses on U.S. equities.
Mr. Sassi previously was chief investment officer at Dreman Value Advisors Inc., Jersey City, N.J., now called Zurich Kemper Advisors. UBS Asset Management (New York) Inc., has about $24 billion in assets under management, of which about half is tax-exempt.
Alan Gilston and Nicholas Horsley were hired by OppenheimerFunds Inc., New York, as portfolio managers.
Previously, Mr. Gilston was a vice president and portfolio manager at Schroder Capital Management International Inc., New York, where his replacement was being sought. In his new position, he will be a co-manager of the Oppenheimer Discovery Fund.
Mr. Horsley had been an emerging markets portfolio manager at Warburg Pincus Counsellors Inc., New York. His duties are being assumed internally. Mr. Horsley may be managing new Oppenheimer funds in addition to being on the firm's international equity investment team.
Richard Worthing was appointed second vice president of equity investments at Advantus Capital Management Inc., St. Paul, Minn.
He will act as head of the Advantus equity investment group, a new position. He previously worked as a financial consultant, helping private companies with strategic financial planning, corporate partners and capital accumulation.
Harold J. "Hal" Maskery III is joining Renaissance Investment Management, Cincinnati, as an investment consultant, dealing with consultants and plan sponsors. Mr. Maskery, who was director-marketing with Fort Washington Investment Advisors, a subsidiary of Western Southern Life Insurance Co., Cincinnati, will report to Donald W. Kennedy, managing director. He replaces Gerald McClellan, who left the firm.
Robert J. Wagner was named president of UAM Shareholder Service Center, a unit of Boston-based United Asset Management.
Mr. Wagner will head the joint effort of UAM and its subsidiary Pilgrim Baxter & Associates, Wayne, Pa., to offer mutual fund shareholder services and marketing for Pilgrim's funds and other funds run by UAM companies.
Previously, Mr. Wagner was senior vice president and director of Retirement Plan Services Co. of America, a Federated Services Co. unit, in Pittsburgh, where his position was split into two new jobs. Tim Ciccone was promoted to vice president of business development and Tom Schmitt was promoted to vice president of operations.
Peter Belton was hired as a member of Portland, Ore.-based Crabbe Huson Group's small-cap equity analysis and management team, a new position.
Previously, small-cap management duties were split between co-founder Jim Crabbe and portfolio manager John Johnson. Mr. Belton had been an equities analyst at Capital Management Associates, New York, where his replacement is being sought.