D'Andrea leaves for Merrill post
Anthony P. D'Andrea left his post as director of capital accumulation plans at Lucent Technologies Inc., Morristown, N.J., to accept a newly created job as director of client services at Merrill Lynch Group Employee Services, Plainsboro, N.J. He was responsible for overseeing Lucent's combined $13 billion management and salaried 401(k) plans. At Merrill, he will serve as relationship manager for some of Merrill's large bundled 401(k) clients.
Kathryn J. Stokel joined Abbott Capital Management LP, Boston, as a managing director.
In the new position, she will solicit and monitor venture capital, buyouts and special situation partnerships. Ms. Stokel was a portfolio manager with General Motors Investment Management Corp., New York, where she was instrumental in building a $3.5 billion alternative investments program. She has not yet been replaced at GM.
E. Stanley O'Neal was appointed executive vice president-chief financial officer of Merrill Lynch & Co., New York, effective March 1. He replaces Joseph T. Willett, who is assuming new duties as chief operating officer of the firm's Europe, Middle East and Africa region. Mr. O'Neal and Thomas W. Davis had been co-heads of the corporate and institutional client group at Merrill Lynch. Mr. Davis now will become sole head of the group.
Ellen Adams, former head of North American equity at Chancellor LGT Asset Management Inc., New York, became a managing partner at hedge fund manager Castle Rock Partners, New York. She will assume portfolio management responsibilities, said a Castle Rock spokesman.
Patricia Chadwick will assume Ms. Adams' position at Chancellor LGT, said a company spokeswoman. Ms. Chadwick most recently was chief investment strategist in North America.
Catherine Dudley, a large-cap portfolio manager, also left Chancellor this month. Her plans were not known.
Gary Greenberg, former chief investment officer at Peregrine Asset Management, which closed in January, has been appointed chief investment officer, international equities, and managing director at Van Eck Global, New York, which used Peregrine as a subadviser. Mr. Greenberg, who is based in Hong Kong, will continue to be portfolio manager for Van Eck's $2.5 million Global Emerging Markets Growth Fund and its $80 million Worldwide Emerging Markets Fund, said Joan Cleveland, Van Eck spokeswoman.
Halbert Lindquist was named chief investment officer of Blackstone Alternative Asset Management, New York, said Carrie McCabe, president and chief executive officer. Ms. McCabe performed both functions before Mr. Lindquist's appointment. Mr. Lindquist was a senior managing director for risk management for proprietary trading with Bear Stearns.
James Wylie and Jeff Landle also joined Blackstone as vice presidents. Mr. Wylie will focus on marketing and client services; Mr. Landle will focus on manager selection for Blackstone's manager-of-managers hedge fund product.
Both positions are new. Mr. Wylie was a principal and client relationship office with Barclays Global Investors, San Francisco; Mr. Landle was a vice president with The Common Fund, Westport, Conn.
Stephen B. Timbers will join Northern Trust Global Investments, Chicago, as president, a new position. He will oversee strategic development of global business, including expanding mutual funds. In December, Mr. Timbers left Zurich Kemper Investments, Chicago, where he was president, chief executive officer and chief investment officer.
C. Paul Tyborowski resigned as president and chief executive officer of Columbus Trust Co., Stamford, Conn., to pursue other interests. He will continue to serve as a consultant to the firm, which is a subsidiary of Columbus Circle Investors. Louis P. Celantano, now chairman and chief operating officer, will assume the duties of chief executive officer.
Paul J. Rasplicka joined AIM Capital Management as a vice president and senior portfolio manager, a new position. He will work with Edgar M. Larsen and the management team of AIM Capital Development Fund. He was responsible for separate account small-cap growth portfolio management at Invesco, which along with AIM is a subsidiary of AMVESCAP. His position was moved to the firm's Boston office from Denver.
Craig Ellis and Nicholas Moore joined Orbitex Management Inc., New York, as portfolio managers of the Orbitex Info-Tech and Communications Fund and Orbitex Growth Fund, both new positions.
Mr. Ellis was a research analyst at Alliance Capital Management LP, New York, where he has yet to be replaced. Mr. Moore was a co-portfolio manager at the Franklin Templeton Group, San Mateo, Calif., where his duties will be assumed internally.
Timothy Leach was named president and chief executive of ABN AMRO Asset Management (USA) Inc., Chicago. Mr. Leach will assume the positions from John A. Wing, who will continue as chairman. Mr. Leach was senior vice president and marketing manager of institutional services for First Asset Management, Minneapolis.
Mr. Leach's duties at First Asset will be assumed, at least temporarily, by Scott Bennar, who works in portfolio management.
John Boneparth, a managing director and chief of institutional sales at Putnam Investments, Boston, was appointed chief of international sales. Mr. Boneparth will lead sales activities in Japan and Italy and for Putnam Offshore Funds, the firm's retail funds domiciled in the Cayman Islands. He will also work with Steven Spiegel, senior managing director and chief of corporate development and international, in developing other offshore ventures and alliances.
John Brown, hired last year as chief of institutional defined benefit, replaced Mr. Boneparth.
Judith Calder, founder and chief executive of Abacus Financial Group; Richard Tani, a consultant with William M. Mercer; Michael Gulotta, chief executive of Actuarial Sciences Associates; Rose Mary Abelson, assistant treasurer and director of investments and trust management at Northrup Grumman Corp.; and Eddie C. Brown, president of Brown Capital Management, have been named to three-year terms on the Labor Department's ERISA Advisory Council. Also joining the council to fill in two unexpired terms are Janie Greenwood-Harris, a senior attorney for Mercantile Bancorporation, and Judith F. Mazo, director of research for the Segal Co.
Wilshire Asset Management added three employees in an expansion of its marketing, mutual fund and high-net-worth areas. All three are new positions.
Sean O'Brien joined the sales and client services department as a vice president. He most recently was the investment manager with responsibility for all pension and corporate investments for the California State Automobile Association, with pension assets of more than $400 million. A spokeswoman for the CSAA said a replacement has not yet been named for Mr. O'Brien.
Pat Carolan joined as vice president and director of mutual funds. He will oversee Wilshire's Target family of funds and will develop distribution channels for them. He most recently was in product management and national sales to financial advisers at GT Global Mutual Funds. Officials at GT Global did not return calls by press time regarding Mr. Carolan's replacement.
Ron Florance also was hired as a vice president. He will be responsible for development of Wilshire's private wealth management area and will assist in enhancing Wilshire's portfolio and trading operations. Mr. Florance joined Wilshire from Wells Fargo Bank's Private Banking Division, San Francisco.
Both have yet to be replaced at Mercer. Mr. Connors was an officer and a senior consultant at the firm; Mr. Yoshida was a senior consultant. Watershed will focus primarily on midsized plans, but has received some interest from larger funds, Mr. Connors said.