Carol W. Tusch was named director of trust investments at the $5.1 billion pension fund of International Paper Co., Purchase, N.Y. She replaces Connie Caperella, who left in April. Ms. Tusch, who reports to Robert Hunkeler, vice president of investments, previously was with GTE Investment Management Corp., Stamford, Conn., where she was portfolio manager of private investments. GTE has no immediate plans to replace Ms. Tusch.
Richard McGahey resigned as assistant labor secretary and head of the Pension and Welfare Benefits Administration to become managing vice president for social and economic policy research at ABT Associates, Bethesda, Md., a public policy research and consulting firm. At the Labor Department, Leslie Kramerich, deputy assistant secretary, is acting as assistant labor secretary.
Mitchell Harris was named chief executive officer of Pareto Partners, London, replacing Paul Dimitruk. Mr. Harris, whose appointment becomes effective Jan. 1, has been Pareto's managing director since 1993. Mr. Dimitruk has been chief executive officer since then and chairman since Pareto was founded in 1991. He will remain chairman.
Erwin Martens was appointed managing director, head of risk management at Putnam Investments, Boston. He replaces Brian Fullerton, who left in the spring to join Merrill Lynch, where he is head of risk management and a managing director. Mr. Martens had been head of global market risk management, fixed income and derivatives at Lehman Brothers Inc., New York. Jason Ferago, spokesman at Lehman, said the firm is reviewing options for replacing Mr. Fullerton.
David Steyn was appointed co-chief executive at the London office of Sanford C. Bernstein. He will work with co-chief executive Sharon Fay, who is due to transfer to London from New York. Previously, Mr. Steyn managed hedge funds at Quaestor Investment Management, London. The London office will be fully operational early next year and will have investment management capability in addition to its client servicing operations.
Daniel Loughney was appointed head of global emerging market bonds at WestLB Asset Management, London. He had been a senior fixed-income fund manager at Legal & General, London. He has not yet been replaced, said Graham Rimmer, an L&G spokesman.
Curtis Anderson will join Founders Asset Management Inc., Denver, as vice president and portfolio manager. He replaces Brian Kelly, who resigned, said Lorrie Grove, director of public relations.
Mr. Anderson had been senior vice president and lead portfolio manager for First Security Investment Management, Salt Lake City.
Stephen R. Humphrey joined Lord, Abbett & Co., New York, as portfolio manager of the Lord Abbett Large Cap Growth Fund, a new mutual fund opening to investors early in 2000. He came to Lord Abbett in November after more than 20 years at Chase Manhattan Bank, New York, most recently as manager of the Chase Vista Select Large Cap Growth Fund. Earlier this fall, Chase Manhattan combined all equity management within its Houston office, eliminating 32 jobs in New York, including Mr. Humphrey's, said Amy Sudol, a spokeswoman. Henry Lartigue, chief investment officer, assumed Mr. Humphrey's investment duties.
Rich Gottcent joined Proxy Monitor in New York and will manage the Proxy Audit Services. The audit unit, started in 1998, helps corporate and public pension funds that delegate fiduciary responsibility for voting proxies to their investment managers. Mr. Gottcent most recently was director institutional services at ADP Investor Communication Services, New York.
Kathleen Taylor will be promoted by Barclays Global Investors Jan. 1 to become the company's first global head of marketing. She will work from the company's Toronto office and oversee global marketing, including communications and product branding, as well as co-leading BGI's Internet strategy. Ms. Taylor is managing director, business development, of BGI Canada.
Filling part of her role is Margaret Franklin, who was promoted to manager, relationship development-defined benefit plans, for BGI Canada. Ms. Franklin will oversee client service and business development for defined benefit plans, endowments, public funds, mutual funds and insurance companies. Ms. James had been a client relationship officer at BGI for institutional plans.
Also related to Ms. Taylor's promotion, Geraldine James was promoted to manager, relationship development-defined contribution plans. She will lead client service and business development for defined contribution plans and alliance partners. Ms. Franklin had been a client relationship officer for institutional and defined contribution plan clients.
