I.P. (Kip) Knelman, CEO of Investment Advisers Inc., has resigned. Mr. Knelman was on vacation and unavailable for comment on why he left, but a statement from the company said he resigned to devote more time to his family.
Roy Charles Gillson was named CEO; he also will retain his duties as chief investment officer. John Adam Alexander was named COO; he was a senior vice president for Lloyds Bank in Miami.
Investment Advisers is a wholly owned unit of Lloyds TSB Group.
Susan A. Crotty was named to replace Debra Bowan as manager of consultant relations at Ark Asset Management. Ms. Bowman resigned to accept a position with Nichlos-Applegate. Ms. Crotty previously worked at Hamilton & Co. as an investment consultant to pension plans.
Lynn Gibson was appointed vice president of marketing and sales for Monitor Capital Advisors, a Princeton, N.J.-based investment manager.
Ms. Gibson will be responsible for marketing the firm's quantitative investment management capabilities, both equity and fixed income. She formerly was sales director with New York Life Benefit Services.
Jeffrey C. Boucek was appointed vice president of consulting relations, a newly created position, at Mellon Equity Associates. He will be responsible for building the firm's consulting relationship with pension fund managers.
Mr. Boucek was previously a senior consultant and asset consulting practice manager for Towers Perrin. He has not yet been replaced.
Ralph G. Mills and Bruce D. Phelps were promoted to replace James R. Marbach to head fixed-income portfolio management at Ark Assets Co. Messrs. Mills and Phelps previously were fixed-income managers.
Robert G. Burke, director of marketing for Ark, said Mr. Marbach will work on special economic projects for Ark