TOP OF THE NEWS
Northrop Grumman Corp., Los Angeles, is searching for a director-investments and assistant treasurer to replace Rose Mary Abelson, who is joining WestAM Private Equities as a principal.
The Northrop Grumman job includes overseeing the firm's $19 billion in pension and other employee benefit assets. The company is conducting the search internally and is seeking someone with at least 10 to 15 years' experience.
Northrop Grumman also is searching for an investments and trust administration specialist, whose duties would include portfolio analysis and risk model maintenance.
Ms. Abelson will oversee operations and assist in market and client relations at the WestAM (USA) unit, according to Donald W. Phillips, its chief executive officer and chief investment officer. WestAM manages a private equity portfolio for Northrop Grumman's pension fund.
Gary B. Bland was one of the candidates interviewed for the Oregon State Treasury's director of investments job. Mr. Bland retired last year as vice president-trust investments at Boeing Co. before the company moved to Chicago from Seattle. Linda Haglund, deputy state treasurer, said new candidates still are being considered for the Oregon job; the investment director oversees $36 billion in pension assets and $14 billion in other funds.
Whitehead Mann, Boston, is assisting in the recruiting. It had contacted Mr. Bland.
Peter De Koning, CEO of the 9.8 billion euro ($8.9 billion) Stichting Spoorwegpensioenfonds, Utrecht, the pension fund for Dutch railway employees, will retire in July after 11 years at the fund and 40 years in the railway industry.
Albert Akkerman, general manager of the 2.3 billion euro Schildersbedrijf Bedrijfspensioensfonds, Rijswijk, an industrywide pension plan for the painting and decorating industry, will assume Mr. De Koning's duties when he joins the railway plan in June. The Schildersbedrijf pension plan is looking for someone to replace Mr. Akkerman, said spokeswoman Petra de Groot.
Mr. De Koning will remain chairman of the Dutch corporate governance group and a member of the board of the International Corporate Governance Network.
Ohio Police & Fire Pension Fund, Columbus, is searching for an information technology officer to replace Michael Sawcyzn. Amy Hoiland, communications manager for the $8.4 billion plan, said she didn't know where Mr. Sawcyzn went. Hudepohl & Associates, Worthington, Ohio, is assisting in the search.
Dave Silk, Olympic gold medal winner and former National Hockey League player, joined Loomis, Sayles & Co., Boston, as vice president and director of Taft-Hartley business. Previously, he ran the financial services practice for the New York and New England regions at Korn/Ferry International. In the 1990s, he was a member of the institutional sales team at Putnam Investments. Mr. Silk, who is in the U.S. Hockey Hall of Fame, got his gold medal as a member of the legendary 1980 U.S. hockey team. He also spent 10 years in the NHL with the New York Rangers and Boston Bruins.
Brian J. Hamel was named principal and director of marketing and client service at Globalt Investment, Atlanta. He replaces William Roach, the company's president, who filled both roles. Mr. Roach said he looked for a year for a marketing head, working with recruiter Glen Taubman of Securities Careers, Ft. Lauderdale, Fla. Mr. Hamel is charged with developing and broadening consultant relationships, as well as marketing and serving both institutional and high-net-worth clients, said Mr. Roach.
Mr. Hamel was national director of sales for MetLife Institutional Investment Services, based in New York.
Heidrick & Struggles has been tapped to search for a new president and chief executive officer for Equity Office Properties Trust, said Caroline Ballantine, partner at the search firm. Timothy Callahan resigned as president and CEO in April for personal reasons. Sam Zell, chairman, has assumed those duties until Mr. Callahan's successor is selected.
Thomas Ross now is sole CIO of the U.S. small-cap growth equity team at Dresdner RCM Global Investors, San Francisco. He had shared those duties with Timothy Kelly, who was terminated, said William L. Price, chairman and CIO. Also, Steve Berexa is the new head of the technology research team, replacing Paul Dravis, who also was released from the company, Mr. Price said. Mr. Berexa had been in charge of technology research for the small-cap growth team. Small-cap growth equity research has been merged with the company's overall technology research team.
Mr. Price referred to the changes as "talent upgrades."
Frank Schmitz is the new president of the real estate equity group at Principal Capital Real Estate Investors, Des Moines, Iowa, which manages $5.6 billion in assets. Mr. Schmitz, who had been director of institutional marketing, succeeds Julia Lawler, who was named senior vice president and CIO at Principal Financial Group.
No decision has been made about who will replace Mr. Schmitz in the marketing role.
John R. Vrolyk was named a managing director at Warburg Pincus LLP, New York. He will focus on the information and communications technology sector in Menlo Park, Calif., for the private equity firm. He had been interim CEO at Togethersoft, a software company, and also had been a vice president at Silicon Graphics Inc. and Xerox Corp.
John Krieg became senior product manager for fixed income at Northern Trust Global Investments, Chicago, a new position. He had been director of relationship management and a fixed-income product manager at TimesSquare Capital Management, New York. Ken Ferraro, a spokesman for TimesSquare, was unable to return calls by press time regarding Mr. Krieg's replacement.
John Dominguez was appointed vice president in the private equity group at Offit Hall Capital Management, San Francisco, said Rosalie Wolf, partner. He replaces Stephanie Gates. Mr. Dominguez was a founder of PrivateTrade, an online firm that offered a secondary marketplace for institutional investors in private equity and recently was acquired by rival New York Private Placement Exchange. Before PrivateTrade, Mr. Dominguez was director of alternatives at the $26 billion Public Employees' Retirement Association of Colorado.
Mr. Dominguez will focus on due diligence for early stage, buyouts and venture cap investments.
Beth Hirschhorn joined MetLife Retirement & Savings, New York, as chief marketing officer, a new position, said Judy Weiss, executive vice president. Ms. Hirschhorn had been a senior vice president at J.P. Morgan Chase.
Other hirings are in the offing: "We're looking to fill in a couple more people from the outside in the marketing area," said Ms. Weiss. "We're looking for someone with experience in segment management who understands opportunities and profit and loss potential in various market segments."
Cara Williams is a new institutional marketer in Artisan Partners' San Francisco office. She had been an institutional marketer at CDC Investment Management. Emily Straw Colella also joined Artisan as a client service manager for the small-cap growth strategy. She was a retail marketer at Wilshire Asset Management. Both are new positions.
Toby Cromwell was named vice president of institutional sales, a new position, at Transamerica Investment Management, Los Angeles. He will market investment strategies to both defined benefit and defined contribution plans.
Mr. Cromwell had been regional vice president for the western territory of INVESCO Retirement Inc.'s defined contribution plan alliance team.
Don Stracke joined The Torrey Funds, a $400 million fund of hedge funds in New York, as head of institutional marketing, said Torrey Funds partner Ezra P. Mager. He was hired to help raise the firm's profile among endowments, consultants and corporate pension funds, Mr. Mager said. Mr. Stracke worked in institutional sales at RCM Capital Management, where he has not been replaced.
Thomas H. Wyman Jr. joined Husic Capital Management, San Francisco, as a portfolio manager, a new position. He was director of media and entertainment equity research at Dresdner Kleinwort Wasserstein.
Jeffrey M. Miller was hired as executive vice president and global director of distribution, a new position, at Waltham, Mass.-based GoldK, a full-service retirement firm. Mr. Miller was managing director of private asset management business at Putnam Investments.
Jennifer Proga was named principal and senior consultant at Mercer Investment Consulting. Her appointment is part of an expansion of the company's New York pension consulting practice, said Stephanie Poe, a spokeswoman. Ms. Proga was a senior consultant and partner at Evaluation Associates Inc., Norwalk, Conn. Phil Maisano, a spokesman for EAI, did not return calls regarding Ms. Proga's replacement.
Rick Pearson was appointed managing principal in the Chicago office of Towers Perrin. He replaced Benjamin Haas, who left. Mr. Pearson will continue his duties as a senior consultant.