Nestor Santiago was named vice president and chief investment officer of the Howard Hughes Medical Institute, Chevy Chase, Md.
He replaces Terry Wolfe, who resigned from the $12 billion fund in June. Mr. Santiago, who has been investment adviser at the $4 billion International Monetary Fund, Washington, since 1994, will begin his new job Feb. 1. Mr. Santiago did not return phone calls by deadline.
Blake W. Harbaugh, corporate controller for Grubb & Ellis, New York, was promoted to senior vice president and chief financial officer. Brian D. Parker, current CFO, has been appointed executive vice president-business development, a new position. Jean V. Kennedy, will replace Mr. Harbaugh as corporate controller. She was vice president and controller for Chernin's Shoes.
Neil Kochen was named chief investment officer, equity investments, for Aeltus Investment Management, Hartford, Conn. He was portfolio strategist for Aeltus' principal protection investment products and will be lead manager of the Aetna Generation Funds, a family of asset allocation mutual funds.
Mr. Kochen has been at Aetna since 1985. He replaces Kevin Means, who is leaving to pursue other interests.
Boston-based Putnam Investments named Managing Director Deborah F. Kuenstner chief investment officer for large-cap value equity investments, effective March 31 when her predecessor, Anthony Kreisel, will retire. Ms. Kuenstner will continue to co-manage the Putnam Global Growth and Income Fund and the Putnam International Growth and Income Fund and will remain chief investment officer of the international value equities group.
David Shulman, a former chief investment strategist at Salomon Brothers, has been named senior REIT equity research analyst at New York-based Lehman Brothers. He replaces Steven R. Hash, who was promoted to director of U.S. equity research. Mr. Shulman began at Salomon Brothers as director of real estate research, where he was one of the earliest analysts to write about REITs. After leaving Salomon, he was an investment manager for two private investment funds at Ulysses Management LLC.
Meredith Brooks was named managing director of institutional investment services at Frank Russell, a new position. She will be based in New York, where she will oversee the $31 billion Frank Russell administers in institutional manager-of-managers funds. Her focus will be to oversee the growth of the company's institutional investment services, including the multimanager funds and traditional consulting services. She was managing director of Russell's Australian business, based in Sydney, where she was replaced by Alan Schoenheimer.
Stephen B. Hansen was hired as director, Clarion Partners, New York, a new position. He will be responsible for portfolio and investment management of a new real estate fund. Mr. Hansen had been a senior vice president at Boston Financial, which was acquired by Lend Lease. Jonathan Miller, vice president at Lend Lease, said there are no plans to fill Mr. Hansen's position and that the firm is integrating the companies.
Kimberly A. Hiavacek has joined Brandywine Benefits as a pension administrator. She will responsible for retirement plan design, implementation and day-to-day administration for 401(k) plans. She had worked for GENEX Services.