Nancy C. Everett was named chief investment officer of the $29.1 billion Virginia Retirement System, Richmond. Her appointment is effective Dec. 16, the day after Erwin H. Will Jr., chief investment officer, retires. Ms. Everett has been deputy chief investment officer since August 1996.
Bryce McDonnell was named global chief investment officer of HSBC Asset Management Americas Inc., New York. He succeeds Paul Guidone, who was promoted to chief executive officer. Mr. McDonnell currently heads up the HSBC tactical investment unit, which is responsible for the manager's asset allocation policy. Bill Maldonado, currently a director of the unit, will replace Mr. McDonnell as head of the unit.
William McLean was promoted to the new position of senior managing director of asset and investment management for the John D. & Catherine T. MacArthur Foundation, Chicago.
His duties will include hiring money managers and consultants for the $3.7 billion foundation.
Mr. McLean previously was the director of marketable securities. His position remains vacant.
Theresa Williams joined the City of Beaumont (Texas) Firemen's Relief Fund as administrator.
Previously the fund's custodian, Chase Bank, was acting as administrator. The bank told trustees that it did not want to continue in that role, Ms. Williams said. She worked at a law firm before joining the $50 million fund.
Thomas J. Cashman was named chairman of the newly formed MFS Global Advisors Inc., Boston. Institutional, international and insurance services units will report to him.
Joseph Trainer will take Mr. Cashman's place as president of MFS Institutional Advisors. Mr. Trainer previously was a senior vice president and managing director of strategic business development; MFS is seeking a replacement.
Separately, Peter Laird was named president of MFS International. He formerly was senior managing director of the unit; he will not be replaced.
Philip L. Van Syckle was appointed vice president at Kensington Realty Advisors, Chicago. Mr. Van Syckle formerly was administrator of the mortgage and real estate division at the State of Michigan Pension Funds, Lansing.
Mr. Van Syckle will run a new division that will invest in real estate operating companies for tax-exempt investors.
Jon Braeutigam has replaced Mr. Van Syckle to oversee Michigan's $3 billion portfolio of equity real estate and $1.5 billion in mortgages. Mr. Braeutigam previously was an investment specialist at the pension fund.
Julie Dellinger is joining ICMA Retirement Corp., Washington, as managing vice president of investments, confirmed Robert Barkin, an ICMA spokesman. This is a new position.
Ms. Dellinger is executive director of the Montgomery County Employees' Retirement System, Rockville, Md., where Patrick Bell, senior investment officer, will officiate until her replacement can be named.
Barbara Zimmt was hired as vice president and senior consultant at Shields Associates, New York. Ms. Zimmt will open the firm's new Pittsburgh office. She had been manager of pension assets at Rockwell International, which recently moved to Costa Mesa, Calif., from Pittsburgh. Scott Mechling, director of pension asset management at Rockwell, assumed Ms. Zimmt's duties.
