Robert Toomey, executive director of the $21 billion South Carolina Retirement System, Columbia, will retire at the end of the year, confirmed Delbert Singleton, deputy executive director. A replacement has not yet been named.
Stephen Gibson resigned as president of Liberty Advisers Nov. 16. The resignation comes less than a month after Fleet Asset Management closed a deal to purchase Liberty. Mr. Gibson's departure coincides with the reorganization of Liberty funds into Fleet, said Wendy Rauch, Liberty spokeswoman. Mr. Gibson, who joined Liberty in 1996 as head of the firm's retail mutual fund activities, plans to pursue an unannounced entrepreneurial venture, according to Ms. Rauch. Mr. Gibson could not be reached for comment.
Paul Hondros was named non-executive chairman of Gartmore Investment Management PLC, London. He is replacing Paul Myners, who is stepping down as chairman at the end of the year to pursue other interests. Mr. Hondros will continue as chief executive officer of asset management at Nationwide Mutual Insurance, which bought Gartmore in May.
Marc Seidner was named head of fixed-income strategy at Standish Mellon Asset Management, Boston. John McNichols was named director of global fixed-income credit research, a new position. Mr. Seidner will oversee core and core-plus fixed-income strategies; he was co-manager of Standish's high-grade core fixed-income portfolios. Mr. McNichols managed Standish's world high-yield strategy. The firm also plans to add another portfolio manager to the core-plus team.
Mr. Seidner replaces Caleb Aldrich, who left the firm for personal reasons, said Pascale Wiedenroth, company spokeswoman. She did not know of his plans.
Jill Greenwald rejoined Fred Alger Management, Morristown, N.J., as portfolio manager and senior analyst. She is managing Alger's active domestic small-cap equity portfolios. Ms. Greenwald began her career at Alger as an analyst in 1986 and left the firm in 1993. Ms. Greenwald was senior vice president, investment officer, with J.&W. Seligman, New York, where she was co-manager of the Seligman Emerging Growth Fund. Rodney Smith, managing director at Seligman, declined to comment on her replacement.
Robert L. Hechler is retiring as executive vice president and chief operating officer of Waddell & Reed Financial, Overland Park, Kan., effective Dec. 31. Mr. Hechler, who has been with the company for 33 years, will remain a member of the board of directors.
Mr. Hechler's position will not be filled. His responsibilities will be distributed among senior vice presidents Thomas W. Butch, chief marketing officer; Michael D. Strohm, COO; John E. Sundeen Jr., CFO; and Robert J. Williams Jr., national sales manager. Mr. Strohm will assume Mr. Hechler's title of president of Waddell & Reed Inc., the company's broker/dealer subsidiary.
Colin McLatchie was named managing director of Aegon Asset Management, Edinburgh, effective in January. He replaces Russell Hogan, who is leaving the firm to study theology at the Institute of Christian Studies in Glasgow. Mr. McLatchie will remain as chief operating officer, said Scott White, spokesman.
David Steinwedell was named managing director of acquisitions and dispositions at Wells Real Estate Funds, Atlanta, a new position. He ran his own firm, Steinwedell & Associates, which advised commercial real estate firms on transactions and strategic planning, until it closed. Mr. Steinwedell will lead Wells' investment team responsible for a projected $1 billion in transactions over the next 15 months.
Rachel Minard was named director of marketing at Cadogan Management, San Francisco, a hedge fund-of-funds manager with about $450 million under management. The position is new. She was vice president and head of West Coast consultant relations for J.P. Morgan Fleming Asset Management. Rosemary Hyland, a spokeswoman, said J.P. Morgan Fleming officials are looking for a replacement.
Nigel Down was named client service director at SEI Investments in London, effective in January, said Patrick Disney, U.K. managing director. It is a new position.
Mr. Down was senior account director for U.K. institutional clients at Gartmore. He will be replaced by Jim Tennant, who was a U.K. equity fund manager at Schroders, said Jeanette Perry, Gartmore spokeswoman.
Bruce Shay was named vice president of Securian Retirement Services, a subsidiary of Minnesota Life Insurance, effective Jan. 1. He will oversee the sales, service, marketing and financial operations for Securian's pension division. Mr. Shay was senior regional manager. He has been with Securian since 1985.
Christian Strenger and Herman van der Wyck were named non-executive directors of Hermes Focus Asset Management Europe, both new positions. Mr. Strenger is a non-executive director of DWS Asset Management, where he retains current responsibilities; Mr. van der Wyck, a former vice chairman of UBS Warburg, left his post three years ago, said Stephan Howaldt, CEO of Hermes Focus.
Marco Ricci was named investment director at Hermes Focus. He was a fund manager at Deutsche Asset Management. Lindy Leung, head of marketing and communications at Deutsche Asset, did not return calls by press time regarding Mr. Ricci's replacement.
The appointments precede the launch of the Hermes European Focus Funds in January, said Mr. Howaldt.
Alan L. Beller was named director of the SEC's division of corporate finance, effective Jan. 14. He replaces David B.H. Martin, who is leaving at the end of the year. In addition, Mr. Beller also will be a senior counselor to the SEC, a new position. Mr. Beller is a partner in the New York law firm of Cleary, Gottleib, Steen & Hamilton.
Chris McCarthy was hired as Boston-based vice president of ExpertPlan, an online retirement plan provider. Mr. McCarthy was head of third-party administration sales for American Skandia, where he hasn't yet been replaced.
Nicola Meotti was named country manager for Italy at Gartmore Investment, Milan, a new position. He was head of institutional clients for ING Investment Management, also in Milan. Ward Snijders, spokesman for ING Investment Management, could not say if Mr. Meotti had been replaced.
Eric Kirsch, managing director and head of the North America fixed-income investment group at Deutsche Asset Management, was elected chairman of the Stable Value Investment Association board of directors in Washington.
Other board members are: Donald J. Butt, vice president, Qwest Asset Management; Robert Fox, executive director, Cultural Institutions Retirement System; Robert A. Madore, vice president and senior portfolio manager, T. Rowe Price Stable Asset Management; Marc Magnoli, vice president, insurance and pension derivatives group, J.P. Morgan Chase; Kim McCarrel, senior account manager, PRIMCO; James F. McDevitt, senior vice president and stable value product manager, State Street Bank; and James McKay, portfolio manager, American Express Trust.
James "Chip" Bennett was named senior vice president at the Chicago Board of Trade in charge of web development, transaction processing, regulatory/audit and administrative applications. He worked at Bank One, where he oversaw deposits, savings, certificates of deposit and customer information systems.
Separately, Ethel A. Laughlin was named vice president overseeing all telecommunications and network operations for the CBOT's open auction and electronic marketplaces and for its vendor network. She was director of networks and telecommunications.
Thomas G. McCabe was named vice president in charge of all aspects of the board's trading floors. He was managing director of the CBOT's order routing division.
Eric K. Meier was named vice president for business and strategic planning. He was managing director of corporate development.
Dean Payton was named vice president for exchange-traded practice and market surveillance. He was a managing director overseeing investigations as part of the CBOT's office of investigations and audits.