Charles H. Self III will become chief investment officer of the $23 billion Teachers' Retirement System of Illinois, Springfield, effective Dec. 1, said John Day, assistant executive director. Mr. Self replaces Mark Caplinger, who left the system in March to join consultant Summit Strategies.
Mr. Self is senior vice president and director of the investment portfolio department at ABN AMRO Asset Management, Chicago. Jocelyn Hamlar, a spokeswoman for ABN AMRO, did not return calls by press time regarding Mr. Self's replacement.
Glenn M. Johnson, executive vice president, director of institutional services at Intercontinental Real Estate Corp., Boston, was named to the investment advisory council at the $115 billion New York State Common Retirement Fund, Albany.
He served two terms as a trustee of the $31.3 billion Massachusetts Pension Reserves Investment Management Board, Boston. He was replaced by David J. Grain.
Mr. Johnson did not specifically replace anyone on the Common Fund's advisory council, although Robert W. Seavey left the council in the spring, said Jeffrey Gordon, spokesman.
Theresa Hamacher resigned as chief investment officer at Pioneer Investments, Boston, which is being integrated into UniCredito Italiano. The firm will be known as Pioneer Global Asset Management. Ms. Hamacher, CIO since 1997, will not be replaced, said Denise Robbi-Arena, Pioneer spokeswoman. Global investment operations at Pioneer Global are headed by Giordano Lombardo, global CIO. "We are disappointed that Theresa has decided to resign, but respect and understand her decision," Mr. Lombardo said in a statement.
Ms. Robbi-Arena said the integration of Pioneer would have changed Ms. Hamacher's role as U.S. CIO. Ms. Hamacher could not be reached for comment.
Scott Powers, CEO at Old Mutual (U.S.) Holdings, was named chief executive officer of Old Mutual Asset Managers, Boston. He replaces Kevin Carter, who is returning to the United Kingdom to pursue other interests, said an Old Mutual spokesman. Mr. Carter could not be reached for comment by press time.
Mr. Powers also was named chairman of the board at eSecLending, the securities lending joint venture between Old Mutual and CalPERS. He replaced George McClelland, Old Mutual (U.S.) Holdings senior vice president, as chairman; Mr. McClelland will remain a member of the board.
Urs Landholt was named chief executive officer at Julius Baer Asset Management, Zurich, effective in February. He replaces Hansruedi Huber, who left the firm "to pursue new professional challenges," said Christian Yates, director of international business development. Mr. Landholt was regional head of institutional marketing for the Middle East at Credit Suisse Asset Management.
Leo Schrutt, head of institutional asset management for the Julius Baer Group, will be acting CEO until Mr. Landholt takes over.
Julius Baer Asset Management is the Swiss arm of Julius Baer Group's institutional asset management division.
Michael D. Luce was named president and chief operating officer of Harbert Management, Birmingham, Ala., a new position. He was executive vice president and chief financial officer. Mr. Luce will continue his previous responsibilities and remain on the firm's executive committee. He joined the manager of private equity, hedge funds and alternative investments in 1995.
Patrick A. Mazorol was named chief executive officer of Securian Trust, St. Paul, Minn. He was CEO of ING National Trust, previously known as ReliaStar National Trust. Pending regulatory approval, Securian Trust will be the trust and investment division of Midway National Bank, also of St. Paul. Securian will have $350 million in assets.
Marc Bonavitacola was named managing director and portfolio manager at Hamilton Lane, Philadelphia, a private equity firm. He was chief investment officer for the $5 billion Philadelphia Public Employees' Retirement System.
Sheila Noonan joined Capital Resource Advisors, Chicago, as director of manager research, a new position. Ms. Noonan was a senior consultant at Stratford Advisory Group, which she left in the spring after the company did not offer her equity ownership in the firm.
Donald G. Gartlan Jr. joined Frank Russell as director of Russell Managed Portfolios, Tacoma, Wash., the company's new strategic alliance with Fidelity Investments Institutional Brokerage Group. He will oversee Russell's new program, which provides separate account manager-of-managers management through registered investment advisers.
Mr. Gartlan most recently was vice president at A.G. Edwards & Sons' investment consulting division in St. Louis.
Robert Formisano was named director of U.S. sales at WestAM, New York, a new position. He was a principal in the San Francisco office of Morgan Stanley Investment Management, where he managed relationships with the firm's large institutional clients.
Also, Christoph Dahm was named head of institutional marketing at WestLB Asset Management, said Luke Nunneley, group CEO. He replaces Mr. Nunneley, who held the post before his promotion.
Barbara Lumpkin was named director of industry affairs for Northern Trust's public fund and Taft-Hartley group, Chicago, a new position. The group delivers master trust, custody, investment management and related services, and foreign exchange to public authority and union-sponsored pension plans. Assets under administration were $350 billion as of June 30.
Ms. Lumpkin joined Northern Trust in December as senior vice president-client service for large public pension plans. She was treasurer, comptroller and budget director for the City of Chicago during the previous five years.
Joseph Karpinski has joined the institutional sales staff of Evergreen Investments, Brentwood, Tenn., as director of regional sales. He is charged with developing the sales effort in the mid-Atlantic region. Mr. Karpinski previously was director of marketing/client services at Ernst & Young.
Also at Evergreen, Elizabeth Barrett was hired as director of consultant relations, and Peter Miklos was named managing director of investment client management.
Ms. Barrett was previously a consultant relationship manager in Wellington's San Francisco office. Mr. Miklos was a managing director of advisory services at Banc of America Capital Management.
David Mimra was named associate director, sales and marketing, at Asset Alliance International, London, a new position. He was vice president at Schroder Salomon Smith Barney, where he was in charge of sales and marketing of their global equity derivatives for French and Benelux accounts. The firm also is seeking three new sales professionals and additional hedge fund analysts.
Stephen D. Mirante was named senior vice president of advisory services for CIGNA Retirement & Investment Services, Hartford, Conn., a new position. He will oversee the firm's investment, compliance, actuarial and other advisory practices.
He was a consultant at UNIFI, the benefits consulting and outsourcing division of PricewaterhouseCoopers.
Alan J. Puklin was named senior vice president of institutional client relations at J. & W. Seligman, New York, a new position. He was a director on the client relationship management team at Brinson Partners.
Robert Krantz was named senior vice president of marketing and operations and Spiro A. Christopulos was named vice president, director of finance, at CDC IXIS Asset Management North America, Boston, both new positions, said Wendy D. Schoenfeld, corporate relations manager.
Mr. Krantz joined the firm in 1998 as vice president of marketing and operations. CDC is not hiring a replacement for that position.
Mr. Christopulos also joined the firm in 1998, as controller for the holding company.
Kathryn A. Derbes was named vice president and national consultant sales manager for Mellon Growth Advisors, Boston, a new position, said Gregg Stein, spokesman.
She was a principal in State Street Global Advisors' advisory strategies division. That position has not yet been filled, said Erin Heggerick, SSgA spokeswoman.
Mark Samuelson was named global head of institutional business development at Investec Asset Management, Cape Town, a new position.
He was Investec's head of institutional business in South Africa, where Thabo Khojane will take over his responsibilities. Mr. Khojane was head of client services for Investec Asset Management, also in Cape Town.
Deborah Boedicker was named head of client relations by Brinson Partners, Chicago, said Katie Otto, spokeswoman. Ms. Boedicker was co-head with Thomas McGarrity, who left the firm last week.
Joan Doherty was named business development manager for Europe at Legal & General Investment Management, London, a new position.
She was European sales and client services director for Investorforce.
Scott Lummer resigned Oct. 11 as chief investment officer of mPower, San Francisco, an online investment advice provider, to start his own consulting business. Hal Ratner, vice president of fund analysis, will be interim CIO pending a search for a successor. Mr. Lummer will continue to hold private stock in the company, said Steve Barham, senior vice president of marketing.
Mr. Lummer is the second top executive to tender his resignation to mPower in two weeks. Steve Deschenes resigned as CEO; he was replaced by Andrew Huddart. Mr. Deschenes continues to hold a major portion of mPower private shares. Mr. Huddart was president of BARRA International and chief operating officer of BARRA Inc.
Mr. Lummer's new consulting business is ScottLummer.com. It will focus on defined benefit and defined contribution plan sponsors and service providers.
Marrianne Gruver was named director for SEI Investments (Europe), based in London. She will be responsible for product development in the group's institutional business in Europe and South Africa. She worked in sales of defined contribution products at SEI in the United States.
Jennifer Lum-Ota, principal and consulting actuary, was named manager of the Honolulu office of Buck Consultants, replacing George Berish, who will retire soon. Ms. Lum-Ota co-founded the Hawaii office in 1985.
Stephen M. Cutler was named director of enforcement at the SEC in Washington. Mr. Cutler has been deputy director of enforcement since January 1999. He replaces Richard H. Walker, who left in July to join the private sector.
Kees Van Rees, chairman of the Brussels-based European Federation for Retirement Provision, resigned effective October 25. His term would have expired in October 2002. Alan Pickering, deputy chairman of the EFRP, is expected to take over as chairman, Messrs. Van Rees and Pickering said.
Mr. Van Rees said he was retiring to "do something different." He added that his decision was not related to his frustrations with the European Commission's apparent reluctance to ease restrictions on cross border pension plans.
Ramon de Oliveira, who retired as head of J.P. Morgan Fleming Investment Management, New York, earlier this year, was elected to the board of directors of SunGard, Wayne, Pa. His election expands the board to 12 members.
C. Robert Paul was hired as general counsel for the as-yet unnamed joint venture for trading single stock futures between the Chicago Board Options Exchange and the Chicago Mercantile Exchange. Mr. Paul was a partner in the Washington office of law firm McDermott, Will & Emery, where he was general counsel to the Commodities Futures Trading Commission under William J. Rainer. Mr. Rainer in August was named chairman and CEO of the joint venture. Mr. Paul led the CFTC's discussions with the SEC on working out a regulatory system for single stock futures. Those discussions led to a provision being included in the Commodity Futures Modernization Act of 2000 for trading single stock futures.
Matt Fong, former California state treasurer, was named by President Bush to be chairman of the advisory committee of the PBGC. Mr. Fong is special counsel with Sheppard, Mullin, Richter & Hampton LLP, Los Angeles.
Simon Deakin was appointed the inaugural Robert A.G. Monks Professor of Corporate Governance at Cambridge University's business school, the Judge Institute of Management. Dennis Kozlowski, chairman and CEO, Tyco International, Exeter, N.H., donated $4 million to fund the professorship in Mr. Monks' name. Mr. Deakin, an expert in corporate governance, was a professor on the university's law faculty.
Mr. Monks is chairman of Lens Investment Management, Portland, Maine, and a longtime corporate governance activist.