C.J. Nelson was named chief financial officer for Ryder System Inc., Miami. His duties will include overseeing $1.3 billion in pension assets. He replaces Ed Huston, who was promoted to vice chairman.
He previously was treasurer at Koch Industries, Wichita, Kan., with $982 million in pension assets. His position there remains vacant.
Kenneth Hopson was named treasurer for UST Inc., Greenwich, Conn., replacing Wendy Grammas, who resigned to pursue other opportunities. His duties will include cash management; debt, credit and risk management; and investments for the company's $295 million defined benefit plan. Mr. Hopson was vice president and treasurer for Invensys, Stamford, Conn., where his position remains vacant.
Philip Halpern will serve as acting assistant vice president of investments for the University of Chicago's $2.3 billion endowment. Mr. Halpern, who also is chief investment officer, replaces the late Michael Borrelli.
Jaqueline Williams will take over as executive director for the Ohio Tuition Trust Authority, Columbus. She had been director of consumer services for Ohio Consumers' Council. She replaces Barbara Jennings, who resigned from the $409 million trust fund in January to become the vice president for development at Columbus College.
Richard Weed replaced Peter Wiley as strategy leader for the institutional large-cap growth team at State Street Global Advisors, Boston. Mr. Weed previously was a portfolio manager. Mr. Wiley has joined the core value team at Colonial Management Associates Inc., Boston.
Jeff Landle re-joined Commonfund Group, Westport, Conn., as managing director, alternative investments, a new position. He will oversee non-traditional investments. From March 1996 until February 1998, he was vice president/fund manager at Commonfund, directing the financial advisory firm's hedge and absolute return funds as well as its tactical asset allocation programs. For the past year, he had been vice president and senior member of the investment team at Blackstone Alternative Asset Management, New York. A spokeswoman at Blackstone said a search is under way to fill Mr. Landle's position.
David Burshtan was named a senior portfolio manager, handling small-cap equities for Northern Trust Global Investments' institutional asset management group. Mr. Burshtan was a portfolio manager and analyst for Chicago-based Northern Trust from 1993 to 1995, when he left to work as a small-cap growth manager at Scudder Kemper. His position at Scudder Kemper remains vacant.
Luke M. Collins will join PaineWebber as director of their institutional investment consulting division, Prime Asset Consulting, Weehauken, N.J., June 21. He formerly was a director, investment management consulting, in the Chicago office of KPMG Investment Consulting Group, Chicago, which is seeking his replacement. Mr. Collins said in his new position he hopes to raise the visibility of the Prime Asset Consulting practice.
Luc Berchem joined Bacon & Woodrow in London as an investment consultant. He previously was a senior consultant with Watson Wyatt Worldwide in Brussels, Belgium. His duties have been reassigned internally.
