Boeing Co., Chicago, expanded its pension staff with a possible aim of managing more money internally. It now runs about $1.5 billion in-house, all in fixed income, for the $41 billion defined benefit fund.
Karen D. Watson was named manager-equities; she worked in a similar capacity at Baxter International, Deerfield, Ill. Eric J. Peterson was named manager-fixed income; he was a vice president and portfolio manager at Talon Asset Management.
Also joining the fund are Janice Llereza, trust administrator, who came from a Chicago area law firm, and Jeff Louck, performance reporting, who worked in finance at Boeing.
They join Susan E. Manske, chosen as the new CIO to head the pension staff, although Boeing hasnt made an announcement, and Jim Wadhwani, senior director-trust investments, who was the only pension executive to relocate when Boeing moved from Seattle in September.
Ms. Watson has not been replaced at Baxter, said Charles W. Thurman, assistant treasurer. Steven Knight replaced Mr. Peterson at Talon.