Gary Herndon was named interim treasurer for the $993 million Tallahassee (Fla.) Pension Plan. He replaces Robert Inzer, who was elected clerk of court for Leon County, a spokeswoman said. The board will search for a permanent treasurer, Mr. Herndon said.
Jim Leech was named head of merchant banking for the C$70 billion (US$45 billion) Ontario Teachers' Pension Plan Board. He replaces Michael Lay, who left more than a year ago, said Lee Fullerton, spokeswoman for the plan. The Merchant Banking division has $4 billion in assets, she said.
Mr. Leech was president and chief executive officer of Infocast, an online learning and customer service call center software developer.
James Buchanan was named chairman of the board of Pipefitters Local 597 Retirement Fund, Chicago. He replaces Francis McCartin, who retired from the $712 million plan in June.
Linda Lettera was named general counsel of the $106 billion Florida State Board of Administration, Tallahassee. She replaces Horace Schow, who will continue to oversee the board's securities litigation and derivative lawsuits, working under a private contractual arrangement. Ms. Lettera was general counsel of the state's department of revenue.
E. Stanley O'Neal was named president and COO of Merrill Lynch & Co. Inc. He also was elected to the board of directors. Mr. O'Neal replaces Herb Allison, who retired in July 1999. Mr. O'Neal was president of Merrill Lynch's U.S. Private Client Group and previously was CFO. He also was co-head of the Corporate and Institutional Client Group.
Mr. O'Neal will work with David Komansky, chairman, to direct global operations of the company's three primary businesses: corporate and institutional, private client and investment management. He also will continue to head the private client group until a successor is named.
William "Ted" Truscott was named chief investment officer of American Express Financial Advisors, Minneapolis, said Terri Anderson, spokeswoman. Mr. Truscott was managing director and CIO-Americas for Zurich Scudder Investments.
Farhan Sharaff, Zurich Scudder's current global CIO, will take over Mr. Truscott's duties, according to a release from Zurich Scudder.
Bill Goodsall was named chairman of First Quadrant, a new position. He will be replaced as managing director for the United Kingdom and Europe by Robert Brown, a partner at the firm.
Howard Morris joined Lakefront Capital Investors as a portfolio manager and co-chief investment officer, both new positions. He was chief financial officer of the Detroit Public School District and previously ran his own money management firm, WILMOCO Asset Management. Mr. Morris is a trustee of the $40 billion Michigan Public School Employees' Retirement System, Lansing.
Peter Trevisani was named to the new position of director of the institutional group at Thornburg Investment Management. He will run the firm's separately managed account business. Mr. Trevisani was founder and CEO of Waybid, a company that created liquidity for business-to-business marketplaces.
George H. Boyd III was hired by Weiss, Peck & Greer as managing director and head of the equity group, a new position. CEO Nassos Michas said the firm is expanding the equity group. Mr. Boyd was managing director and chief institutional portfolio manager at Brown Brothers Harriman.
Eugene J. McDonald was named principal and chief investment officer at the newly formed Quellos Private Capital Markets, a private equity affiliate of Quellos Group. Mr. McDonald was president of Duke Management, which handles the $2.7 billion endowment of Duke University.
Kevin Nee, previously principal and portfolio manager with Capital Z, was named managing director of Quellos Private Capital Markets.
Tom Seay was named head of fixed income at Victory Capital Management, a new position. He will oversee more than $35 billion in fixed-income assets. Mr. Seay will remain lead portfolio manager of the Victory Fund for Income.
Lori Ensinger joined Banc of America Capital Management as managing director, value strategies, and Diane Sobin, as senior portfolio manager. Ms. Ensinger and Ms. Sobin will assume management of some of Banc of America's value strategies. They will manage the $1 billion-plus Nations Value Fund and Ms. Ensinger also will develop midcap and small-cap value products.
Ms. Ensinger was managing director of large-cap value strategies at Zurich Scudder Investments and Ms. Sobin was a portfolio manager on Zurich Scudder's value management team and managed $2.5 billion in institutional accounts.
Tom Sassi and Fred Gaskin of Zurich Scudder's U.S. large-cap value team assumed their duties, said Eleanor Maeseroni, a spokeswoman for Zurich Scudder.
Larry D. Zimpleman, senior vice president at Principal Financial Group, will take over retirement and investor services operations from Richard L. Prey, executive vice president, who will retire Jan. 31. Mr. Zimpleman now is responsible for global expansion efforts and integrating the domestic pension business with retirement business overseas. He joined the company in 1971 as a part-time actuarial student.
Daniel J. Houston, senior vice president, will be named head of the pension business unit. He is responsible for domestic retirement administration, including Trustar Retirement Services and Professional Pensions.
William R. Barrett Jr. was named president and CEO for Fiduciary Trust International of California, which manages $2.8 billion in assets for institutional and high-net-worth investors. It is a new position. Mr. Barrett also will be vice chairman of FTIC. He was managing director of private banking with U.S. Trust Co. of California.
Jane E. Maushardt was named vice president-acquisitions at RREEF, a new position. She will oversee apartment acquisitions. She held a similar position at SSR Realty Advisors, where she will be replaced by James Ida.
Timothy J. Policinski was named Fort Washington Investment Advisors' vice president and senior portfolio manager of fixed income, a new position. He was vice president and public bond manager at Lincoln Investment Management.
Sharon Byrd was named regional marketing director at Fort Washington, also a new position. She was marketing director at Union Heritage Capital Management.
Steven L. Bossi, Mustafa A. Jama and Lance B. Babbit were named portfolio managers and hedge fund analysts on Deutsche Asset Management's fund-of-hedge-funds team, according to a news release. John J. Gallagher Jr. will be a portfolio manager. Mr. Jama was an interest-rate trader and portfolio and hedge fund manager at Deutsche Bank/Bankers Trust, and Mr. Gallagher managed alternative investments at Deutsche Bank Alex. Brown. Mr. Bossi was president of Al International, a U.S.-based holding company that manages a Kuwaiti family's more than $1 billion portfolio; it was unclear by press time who was replacing him. Mr. Babbit was a vice president at Banc of America Securities; a spokesman said he did not know if Mr. Babbit had been replaced.
Donald Steinbrugge left Merrill Lynch Investment Management, where he was director of institutional sales, to join Andor Capital Management, a new hedge fund shop, where he is a principal and heads marketing.
Most of Mr. Steinbrugge's duties at Merrill are being assumed by Jamie Kase, director of institutional distribution. The rest will be handled by other members of the institutional sales team, said a Merrill Lynch spokesman.
Dawn Vroegop was promoted to managing director and head of institutional client relations and marketing at Dresdner RCM, replacing Joe Rusbarsky, who left the firm. Officials at the firm would not comment on Mr. Rusbarsky's plans.
Ms. Vroegop was head of global client relations. She will be replaced by M. Randall Strickland, who oversaw consultant relations on the East Coast.
Stephen D. Gresham was named executive vice president and chief sales and marketing officer for Phoenix Investment Partners' private client group, a new position. Mr. Gresham did not return calls regarding The Gresham Co., the consulting firm he founded after leaving Weiss, Peck & Greer.
Stephen W. Volk joined BNY ESI, a subsidiary of The Bank of New York, as senior vice president of institutional sales, a new position. He will market trade execution and commission management products to institutional money managers. Mr. Volk was vice president of regional sales for Autranet & Co., where he also worked with institutional clients.
Daniel Darst was named director of marketing at Bank of America Asset Management, a new position. He will oversee marketing for institutional, retail, trust and private banking within the asset management unit, said Joe Fazzino, a spokesman.
Mr. Darst was head of U.S. retail marketing at Citigroup Asset Management, where he was responsible for brand management, program strategies, advertising and e-business for Smith Barney Asset Management, Salomon Brothers Asset Management and private banking.
James Savage was named to the new position of director of public fund marketing at Lord Abbett. He was a vice president of institutional marketing at Merrill Lynch. Before that, he spent almost 30 years as New York City policeman, was president of the 27,000-member Patrolmen's Benevolent Association and was chairman of the $18 billion New York City Police Department Pension Fund.
Doug VanderLinde was named senior vice-president-senior account manager at Northern Trust, said Jamie Ziegler, director of marketing. He will be responsible for new business development and institutional sales.
Mr. VanderLinde was senior vice president-defined contribution general sales at Putnam. His territories were divided among other senior vice presidents, said Julie Biggs, administrative assistant at Putnam.
