Roy C. Fletcher retired as vice president-finance for the Chamber of Commerce of the USA, Washington. He oversaw $90 million in defined benefit and $20 million in 401(k) funds.
David Minn, manager-accounting, was named temporarily to oversee the employee benefit funds.
The chamber is seeking a replacement and hopes to fill the position soon.
Matthew Evans, former director of real estate and alternatives for the Teachers' Retirement System of Illinois, Springfield, joined Prairie Investment Management LLC, Chicago, a fund-of-funds company. He is a managing director in charge of hedge fund selection and marketing.
Karin Degnan Estes was named vice president, U.S. research, at Institutional Shareholder Services, Bethesda, Md. Ms. Estes previously headed a proxy research unit at the California Public Employees' Retirement System, Sacramento, and most recently was a consultant to CalPERS.
Ms. Estes replaces Peter Gleason, who moved to Pritchett Associates, a consulting firm.
Steven Guterman joined American General Corp., New York, as executive vice president of investment management, a new position. Mr. Guterman will be the head of the institutional asset management group, which has $70 billion of internal insurance assets under management. He had been a fixed-income portfolio manager at Salomon Brothers Asset Management, New York, where he has yet to be replaced.
C. Edward Carter was appointed president and chief executive officer of Deutsche Bank Securities Inc., formerly Deutsche Morgan Grenfell Inc., New York.
Mr. Carter was a managing director and head of investment banking in the Americas for the broker-dealer subsidiary. The Morgan Grenfell name was eliminated as part of the bank's previously announced restructuring plan.