Glenda T. Chambers was named executive director for the $6 billion Louisiana State Employees' Retirement System, Baton Rouge. Ms. Chambers was the interim director after James O. Wood resigned July 20. She had been the assistant director of the fund since 1988. Officials are searching for Ms. Chambers' replacement, a spokes-woman said.
Peter Mackey left his position as director of the office of benefits and investments for the $65 billion Federal Retirement Thrift Investment Board, Washington, said Jeannette Webber, a spokeswoman. She declined to say why Mr. Mackey left. His position has been combined with the office of benefits and program analysis and will be led by James Petrick, Ms. Webber said. Mr. Petrick formerly worked in the general counsel's office. Allisone Clarke, the former head of the office of benefits and program analysis, retired, Ms. Webber said.
P. Craig Ueland was promoted to chief operating officer of Frank Russell Co., Tacoma, Wash. Previously chief financial officer, Mr. Ueland now will be responsible for Russell's direct-service institutional business. Thomas Hanley, a director in Russell's private equity group, will replace Mr. Ueland.
Barclays Global Investors has expanded its fixed-income product management group. Thomas Sponholtz joined as head of fixed-income product management, a new position; he had been a senior investment officer at Susquehanna Investment Group. Prabhu Palani became a fixed-income product manager, moving over from BGI's investment consultant group, where he monitored fixed-income investments. He had been a fixed-income portfolio manager at BGI.
Messrs. Sponholtz and Palani will work on developing new active fixed-income strategies as well as supporting existing passive fixed-income management.
Richard A. Rosen will head the value products area at MacKay-Shields Financial, New York, following the departure of Denis Laplaige, the company's president and former head of the area.
Mr. Rosen, who joined MacKay-Shields in January, will head a team of seven managing value equities for institutional and mutual fund clients. Mr. Laplaige's management duties were assumed by Ravi Akhoury, chairman and chief executive officer.
John C. Chigounis and Eduardo L. Cortes were hired as global high-yield managers by Reich & Tang Capital Management LP, New York, an Nvest affiliate. Each will manage separate accounts for institutional clients.
Mr. Chigounis was managing director, portfolio manager and head of New York-based J.P. Morgan's high-yield portfolio management team before retiring in March.
Mr. Cortes also was a high-yield bond portfolio manager at J.P. Morgan and headed its emerging markets debt team until 1998, when he left to found Global Investment Advisors, which was absorbed by Reich & Tang.
D. Ronald Daniel was named chairman of Ripplewood Holdings, New York, replacing Matthew O. Diggs Jr., whose term expired. Mr. Daniel, previously a managing partner of McKinsey & Co., New York, also is treasurer of Harvard University, a member of its Board of Overseers and chairman of Harvard Management Co., Boston, which manages $15 billion in mostly endowment assets for Harvard.
Mr. Daniel will continue as a director of McKinsey.
Kimberly D. Navarro joined Cooper Consultants, Houston, as a senior consultant and vice president of operations, a new position at the consulting firm. Ms. Navarro had been the benefits manager at the $1.6 billion Houston Firefighters' Relief and Retirement Fund. She has been replaced at the fund by Glenna Hicks.
Peter Gerlings and Michael Manning were both promoted to senior vice president at New England Pension Consultants. Each had been vice president. Messrs. Berlings and Manning will take on additional responsibility at the firm, but will continue to consult with clients, officials said.
Jim Nugent has been hired to the new position of senior vice president and national client service manager for Scudder Defined Contribution Services in its Salem, N.H., office.
Mr. Nugent reports to Scott David, director of client services. Mr. Nugent will work closely with plan sponsors assisting with plan administration and design, and compliance and testing guidance. Prior to joining Scudder Kemper Investments, Mr. Nugent was a senior vice president for shareholder and retirement services with Putnam Investments.
Brad J. Hilsabeck was promoted to managing director at State Street Global Advisors, Boston.
He joined SSgA in 1995 as a senior sales professional to market institutional investment management services.
In the interim, Mr. Hilsabeck will be assuming both his old job and this new position. Mr. Hilsabeck succeeds Christopher E. Damore, who recently left the firm to accept an ownership position with Emerging Growth Management.
David Butcher was named to the new position of head of defined contribution in the United Kingdom for INVESCO Retirement and Benefit Services.
Prior to joining INVESCO in April, Mr. Butcher was head of marketing and sales for Credit Lyonnais Asset Management. Mark Sinsheimer replaced Mr. Butcher at Credit Lyonnais.
Kevin Myers has been promoted to managing director of institutional sales and marketing for Prudential Global Asset Management, a new position. He will be responsible for the firm's sales and marketing strategy in its equity and fixed-income units.
Eileen Powers, principal at Prudential Real Estate Investors, will replace Mr. Myers as a managing director at the unit, while continuing in her role as head of product development for the real estate unit and consulting relationships.
Helen M. Degener was hired by Mazama Capital Management to expand its small-cap management team. She will open an office in New York. Ms. Degener spent the last 15 years at Fiduciary Trust International, where she managed more than $1 billion in small-cap assets.
A spokesman for Fiduciary Trust said Ms. Degener will not be replaced and her portfolio management duties have been assigned to other staff members.
