Donna Gilding will become the new chief investment officer of Progress...

Donna Gilding will become the new chief investment officer of Progress Investment Management, effective early November. She will replace Clayton Jue, who is leaving to pursue other interests, said Susan Ebanks, associate at Progress. Ms. Gilding has been CIO of the five New York City pension funds, with assets of $80 billion, since February 1993. Nicole Lise, spokeswoman for the system, said no decision has been made about a replacement.