Peggy G. Boykin was named director of the South Carolina Retirement System, Columbia. She replaces Robert Toomey, who retired in December, said spokesman Michael Sponhour. Ms. Boykin was assistant director and executive manager for benefits payroll at the $21 billion fund.
Jim Wright was named assistant investment officer-domestic equities at the $54 billion Ohio Public Employees Retirement System, Columbus, effective April 3. He will replace Dan Sarver, who will remain with the plan in an undetermined role. Mr. Wright was a private wealth portfolio manager at Banc One Investment Advisors.
Gary Bruebaker was named acting executive director of the Washington State Investment Board, Olympia, while the $53 billion system searches for a successor to James F. Parker, who retired.
Gerry Degaute was named CEO of Consignia Pension Trustees, London, effective in July. He will replace Michael Duncombe, who will retire, said Mr. Degaute. Mr. Degaute is finance director for the company, which is trustee of the L15.3 billion (US$21.7 billion) Consignia Pension Plan.
Gerard H. Arnaudet was named executive director of the $155 million New Bedford (Mass.) City Retirement System, effective this month. He replaces Robert Stanton, who left the system in November to become pension administrator at the $475 million El Paso (Texas) Firemen & Policemen's Pension Fund. Mr. Arnaudet was executive director of the $95 million Weymouth (Mass.) Retirement Board.
Elizabeth B. Sloane was named president of the University of Hawaii Foundation, Honolulu, overseeing the university's $105 million endowment. She replaced Patrick McFadden, who left to pursue other interests, said Richard L. Frisch, vice president for development. Ms. Sloane was president and founder of consulting firm [email protected] Inc.
Wendy Kolassa was hired by Flint Ink Corp. to replace retiring plan administrator Judith G. Russell. Ms. Kolassa, whose title has not yet been decided, will be overseeing the Ann Arbor, Mich., company's $229 million profit-sharing plan as part of her duties. Ms. Russell is retiring March 1. Ms. Kolassa most recently worked at Central Transport Inc., Warren, Mich., as human resources generalist.
David Wasserman was appointed chief executive officer of the global asset business division at Zurich Financial Services, Zurich. He was senior managing director. Mr. Wasserman replaces Stephen Gluckstern, who has been on personal leave since November and will pursue "interests outside the group," said Shannon Bell, spokeswoman. Mr. Wasserman has been acting CEO in Mr. Gluckstern's absence.
Also, Rolf Huppi will step down as CEO of Zurich Financial Services to concentrate on his duties as chairman of the board, the company announced. A search is under way for a new CEO.
Christopher P. Schwartz was named chief investment officer of Lindner Asset Management, a new position created as part of a new three-man executive team assisting Doug T. Valassis, Lindner chairman and CEO. Mr. Schwartz was director of the William M. Mercer Global Investment Forum, said Stephanie Poe, Mercer spokeswoman.
Steven Blomgren, who had been director of the Institutional Investor Institute, replaced Mr. Schwartz.
Albert A. Pisterzi was named COO, a new position. He was director of marketing for high-net worth manager Gofen & Glossberg. Deborah Johnson, office manager at Gofen & Glossberg, said Mr. Pisterzi will not be replaced.
Robert L. Miller, who has been vice president and chief administration officer since May 2001, completes the new Lindner executive team.Tom Schlossberg, president and CEO of Diversified Investment Advisors since 1990, was promoted to group pension head of Baltimore-based AEGON USA, the parent. It is a new position. Mark Mullin, Diversified's CIO, will succeed Mr. Schlossberg as president and CEO. His replacement has not been named.
Barry Colvin was named president of Tremont Advisors, Rye, N.Y., taking over from Robert Schulman, who remains co-CEO with Sandra Manzke. Mr. Colvin, who was Tremont's COO, also takes on the new position of CIO. He will oversee research, risk management, portfolio management and institutional customer services, Mr. Schulman said.
Mr. Colvin will not be replaced as COO; his duties will be assumed by other Tremont executives.
Robert Pieroni was named director of investment operations at Pioneer Investment Management. The position has been vacant since late last year. Mr. Pieroni was director of investment operations at John Hancock Advisors. Hancock spokes-woman Jessica Cowen said the firm had no comment on whether Mr. Pieroni was replaced.
Joerg Pruessmeier and Christian Berchem were named managing directors at J.P. Morgan Chase's European institutional equities group. Mr. Pruessmeier will be co-head of equities in Germany with David Scully, and Mr. Berchem will be head of European equity sales for Germany. Both were managing directors at Merrill Lynch; Mr. Pruessmeier was deputy head of equities in Germany, and Mr. Berchem was in European equity sales. Jonathan Humphries, Merrill Lynch spokesman, said replacements for the two men are "to be determined."
Ronald O'Kelley resigned as CFO of State Street Corp., Boston, for personal reasons. Stefan Gavell, executive vice president, will replace him on an interim basis; Mr. Gavell is chairman of the company's investment committee and is responsible for the firm's global financial markets and securities trading infrastructure. Mr. O'Kelley had been with State Street since 1994.
Karen O'Connor was named CFO of eSecLending, Burlington, Vt. , a new position. Ms. O'Connor was vice president of operations for Fidelity Broadband, a telecommunications start-up created by Fidelity Investments, said Brooke Gillman, eSecLending director of marketing. A spokesman at Fidelity did not return calls seeking comment on Ms. O'Connor's replacement.
Mark Kaltenbacher was appointed chief operating officer at White Williams Private Equity Partners, a new position. He will be responsible for the firm's administration. Previously Mr. Kaltenbacher was a chemical industry securities analyst at Merrill Lynch. White Williams is a New York-based private equity firm formed last year specializing in central and Eastern Europe. It is owned by Dave Williams, chairman emeritus of Alliance Capital Management, and Reba White Williams, former director of special projects at Alliance.
John Silvia was named chief economist at Wachovia Corp., Charlotte, N.C. He replaces David Orr, who is retiring. For the past two years, Mr. Silvia worked for the U.S. Senate, first as chief economist of the Senate Banking Committee, then as senior economist for the Joint Economic Committee.
Chris Chambers was named CEO of Man Investment Products, replacing Stanley Fink, who remains as CEO of parent company Man Group. Mr. Chambers was co-head of European equity capital markets at Credit Suisse First Boston; fellow co-head Charles Kirwan-Taylor was appointed sole head of the business, said Gavin Sullivan, CSFB spokeswoman.
Also, David Huyton was named CIO of Man Investment Products, a new position; he was head of investment management for AHL, a Man investment fund.
Kevin E. Strauss was named managing director and senior portfolio manager at Abner, Herrman & Brock Asset Management, New York, a new position. He also will be a member of the firm's investment policy committee.
Mr. Strauss was a senior portfolio manager at Citigroup Asset Management; he will not be replaced, confirmed Edward Giltenan, global director of public relations.
Melissa Cook was named director of research at Lazard Freres, a new position. She will work with Lazard's global sector leaders to enhance research content and communication. Ms. Cook was managing director and associate director of research at Prudential Securities.
Spokesman Jim Gorman did not return calls by press time regarding Ms. Cook's replacement.