John S. Ruey, the No. 2 executive overseeing investment of Chicago-based BP America Inc.'s $5.5 billion pension fund and $7.7 billion defined contribution fund, retired in May. Mr. Ruey, manager-trust investments, the Americas, won't be replaced, said Marvin L. Damsma, director-trust investments, the Americas, who heads the staff. Mr. Ruey's duties will be divided among existing staff members.
Mr. Ruey also retired as treasurer of the BP Foundation. Mr. Damsma said that position is being filled by an existing staffer.
Alan Van Noord was named chief investment officer of the $45 billion Pennsylvania Public School Employees' Retirement System, Harrisburg, said Dale Everhart, executive director. He will start in July. He replaces John Lane, who left to become chief investment officer at Eastman Kodak. Mr. Van Noord is director of the bureau of investments at the $47 billion State of Michigan Retirement System, Lansing. Spokesman Terry Stanton said the Michigan system will use a firm to conduct a national search for his replacement. Whitehead Mann, Boston, conducted the Pennsylvania search.
Jennifer Hom was named portfolio manager-fixed income at the $54 billion Ohio Public Employees Retirement System, Columbus. It's a new position. Ms. Hom had been vice president and director, capital markets, for Swiss Reinsurance. Hudepohl & Associates assisted in the search.
Gumersindo Oliveros was named director of the pension investment department of the World Bank, Washington, where he will oversee $11 billion in pension assets. He replaces Sudhir Krishnamurthi, who became a managing director at Carlyle Asset Management, where he will help develop a secondary private equity group. Mr. Oliveros was director of the corporate finance group at the World Bank.
Kathleen Riley has joined the $1.6 billion City of Fresno (Calif.) Retirement Systems as assistant retirement administrator, a new position. She had been benefits manager at the Permanente Medical Group Inc., Oakland, Calif.
Alexandria Linton was hired as compliance officer by the $7.8 billion Ohio Police & Fire Pension Fund, Columbus. She replaces Melanie Bowling, who left. No additional information was available.
Stephen C. Thormahlen, president of Fiduciary Investment Management International, Washington, also was named chief executive officer, a new title at the firm.
Denman Zirkle was named chief executive officer of Carret and Co. Inc., a New York money manager with $2 billion under management. Mr. Zirkle had been executive vice president of Franklin-Templeton Institutional, which parent Franklin-Templeton folded into Fiduciary Trust Co. International. He succeeded Howard Chase as CEO, whose current duties are not known.
Keith F. Karlawish was promoted to president and chief investment officer of BB&T Asset Management Inc., Raleigh, N.C. He succeeds David C. McMahon, named corporate economist. Mr. Karlawish had been director of fixed-income management.
Ward Armstrong was named president of American Express Asset Management Group Inc., Minneapolis, a role he has been filling on a transitional basis for about a year, said Katie Libby, a spokeswoman. He remains president of American Express Retirement Services.
Mr. Armstrong replaces Steve Roszell, senior vice president of American Express Financial Advisors Inc., as president of the asset management division, Ms. Libby said.
Franklin Kettle, Joseph Ramrath and Kevin O'Brien, three former UAM executives, formed Colchester Partners, a Boston-based investment banking and strategic advisory firm focusing on money management. The firm has one client so far, a money manager Mr. Kettle wouldn't name that is seeking a partner.
Mr. Kettle led the UAM team that acquired more than 30 money manager affiliates and divested a dozen for UAM's parent, Old Mutual. The trio left in December after it became clear there wouldn't be much acquisition activity to pursue.
Kenneth Stocker and Kathleen Williams MacLaren were hired as managing directors at Northeast Alternative Strategies, an institutional hedge fund manager launched by New York-based Northeast Securities. Ms. MacLaren and Mr. Stocker will head up the institutional hedge fund division. Ms. MacLaren is based in the firm's new Boston office; Mr. Stocker is based in New York. Mr. Stocker was CIO at RXR Group Inc., which was bought last year by an affiliate of State Street Global Advisors. Ms. MacLaren was a former COO at money management firm ValueQuest, recently acquired by Thomas Weisel Asset Management.
Albert G. Trank Jr. was promoted to managing director at Prudential Capital Group, Newark, N.J., responsible for institutional asset management business, and Private Placement Investors LP, its private placement unit. Mr. Trank will continue as portfolio manager of the PRIVEST fund, a $975 million commingled private placement separate account whose investors include the $17.7 billion AT&T and $6.7 billion PG&E pension funds.
Brian A. Sullivan was named managing director in charge of government securities trading at Beacon Hill Asset Management LLC, Summit, N.J., a new position. A spokesman said Mr. Sullivan also will help manage Beacon Hill's mortgage-backed securities hedge portfolio. Previously, Mr. Sullivan was a managing director at HSBC Securities Inc., New York.
Scott Darling was promoted to partner at American Realty Advisors, Glendale, Calif., where he will continue to serve as managing director-portfolio management for the firm's pension fund clients.
Steve Neimeth was appointed portfolio manager/analyst at Neuberger Berman, New York, where he will work with the large-cap equities team. It's a new position. Mr. Neimeth previously was a senior analyst on Bear Stearns Asset Management's large-cap value fund. Bear Stearns officials have not yet named a replacement.
Eric T. Smith was hired as senior vice president and portfolio manager of Metropolitan West Capital Management, Newport Beach, Calif. It's a new position. He had been senior vice president and portfolio manager at Banc of America Capital Management.
David Roth was appointed vice president at Walton Street Capital LLC, a new position at the Chicago-based private equity real estate firm. He will focus on strategies in equity investment and distressed debt. Previously, he was senior vice president at Security Capital Group, responsible for equity stakes in real estate operating companies.
James J. King Jr. was appointed vice president of investment services at New York-based Prudential Retirement Services, a new position. He had been chief portfolio strategist for Merrill Lynch Defined Asset Funds, which was closed by parent Merrill Lynch last year.
Aaron Low joined Pacific Investment Management Co. as an emerging markets specialist and international portfolio manager in its Singapore office, according to Mark Porterfield, PIMCO spokesman. Previously, Mr. Low was a senior fund manager at Dresdner Asset Management, Singapore. Both companies are owned by Allianz AG. No information was available on a replacement.
Donald Curran was hired as vice president and account manager at Oppenheimer Capital, New York, a new position. He will be responsible for client service and marketing to public funds, said Geoff Mullen, managing director. Previously, Mr. Curran was a marketing director with INVESCO. His responsibilities there were distributed to other public fund marketers.
Patrick Mc Nelis was named head of institutional sales-Americas and managing director, both new positions, at Citigroup Asset Management, Stamford, Conn. Previously, he was president of TimesSquare Capital Management. Farhan Sharaff took over for Mr. Mc Nelis at TimesSquare.
David N. Lubell was hired as senior institutional marketer at New Amsterdam Partners LLC, New York. He will market to public and corporate pension plans as well as foundations and endowments. Previously, Mr. Lubell was vice president of plan sponsor and consultant relations at FTSE Americas Inc., New York, which is searching for a replacement.
F. Brian Cerini was hired as managing director-marketing director for McDonnell Investment Management LLC, Oak Brook, Ill. It is a new position. He had been head of the private client group at Western International Securities.
Jeffrey M. Ulness joined Deutsche Asset Management in the Americas, New York, as director of the sales to financial institutions group, a new position. Mr. Ulness will oversee sales of Deutsche's asset management products to other money managers, insurers, mutual funds and banks. Mr. Ulness had been vice president-product management at American Skandia Life Assurance Corp., Shelton, Conn., where he served on the investment committee and developed new products.
Also, Heidi E. Walker joined Deutsche Asset in New York, as managing director and head of client service for the Americas. The new position is part of Deutsche's integration of Scudder Investments, said Missy DeAngelis, a spokeswoman. Victor Hymes, head of client service at Scudder, had been offered the job and declined to take it, Ms. DeAngelis said. Ms. Walker was director of client service at Zweig-DiMenna Associates, a hedge fund company.
Paul Runge and Lee Cook, both senior vice presidents, left AIB Govett after the firm closed its San Francisco marketing office, said Senior Vice President Colin Kreidewolf. Mr. Kreidewolf moved to the manager's London headquarters and will continue to serve U.S. clients with Colin Graham, director of portfolio management.
Messrs. Runge and Cook could not be reached to comment on their plans.
Mark Cordone was named vice president and national sales manager of Taft-Hartley services by Berger Financial Group LLC, Denver. He had been vice president of institutional sales and marketing for Prudential Investment Management, Newark, N.J. Mr. Cordone will be based in San Ramon, Calif. Mr. Cordone will market the investment services of INTECH, Palm Beach Gardens, Fla., which Berger purchased in January. About one-third of INTECH's clients are union pension plans.
A Prudential spokeswoman said the company hasn't decided whether to replace Mr. Cordone.
Greg Phillips was appointed senior vice president of information systems at Atlanta-based INVESCO Retirement Inc., responsible for development of INVESCO's information systems and technology. Most recently, he was chief technologist at Northern Trust, responsible for technology development.
Sue Rutherford is leaving as principal and senior investment consultant at Ennis Knupp & Associates, Chicago, to join Glenwood Capital Investments, Chicago, a fund-of-hedge-funds firm. She will be co-head of client relations, a new position, said Ross Laser, Glenwood president and managing partner.
Ennis Knupp is searching for one or two senior investment consultants, although they won't directly replace Ms. Rutherford. Her consulting relationships will be assigned to other senior professionals.
Frances Armistead was hired by Atlanta-based LCG Associates as an investment consultant, a new position. Ms. Armistead had been an institutional investment consultant at Arthur Andersen in Atlanta. Before that, she was an investment analyst for the state of North Carolina.
Todd Davis joined Chicago Asset Management Co., Chicago, as senior vice president, a new position. He will head marketing, client service and product development. Mr. Davis was a consultant at Marco Consulting Group Inc., Chicago, and had headed the firm's investment manager research effort until about a year ago. Jack Marco, president, said he has not found a direct replacement yet.
Ken Brooks will become director of public funds for Weiss, Peck & Greer LLC's San Francisco office. He resigned as senior vice president of marketing for Deutsche Investment Management Americas, previously Zurich Scudder Investments, covering public pension funds in the Western United States. A Deutsche spokeswoman said no decision has been made on a replacement.
George Castineiras will join the sales team at CIGNA Retirement & Investment Services as regional senior vice president for the West. Mr. Castineiras replaced Philip Waldeck, who was promoted to head of business development; he will lead the Taft-Hartley and large-market sales effort. Mr. Castineiras was national sales director for the defined contribution group at MetLife. He was replaced by Frank Tocco, said MetLife spokeswoman Toni Griffin.
Melvin Lindsey was named first vice president and director of business development at Julius Baer Investment Management. Mr. Lindsey will be based in Los Angeles and will market Baer's institutional asset management strategies on the West Coast. His position was created as part of Baer's U.S. expansion. Mr. Lindsey was senior managing director at Wells Fargo Capital Management in the national corporate strategy unit; Thomas Harrison, senior managing director, assumed his responsibilities.
Scott D. McArtor was appointed senior director of business development, a new position, at CB Richard Ellis Investors LLC, Los Angeles. Mr. McArtor previously was vice president of asset management at Friedman Billings Ramsey. Mr. McArtor will be responsible for developing and marketing the firm's global investment products and the expansion of its separate account business in the United States.
Judith Robertson was appointed managing director of BGI Canada, Toronto, with responsibility for transition management business, a new position. Ms. Robertson also is president of BGI's recently formed brokerage subsidiary, Barclays Global Investors Services Canada Ltd. She had been global head of BGI's securities lending business, based in San Francisco. Mike Williams is replacing her in that post.
Fran M. Coopersmith was named principal at consulting firm Shields Associates. Ms. Coopersmith is opening Shields' West Palm Beach, Fla., office as part of an expansion of the firm, said Ryan L. Murphy, a research associate at Shields. Ms. Coopersmith had been a consultant at Fund Evaluation Group in Cincinnati.
Timothy R. Barron will join CRA RogersCasey, Darien, Conn., as director of research. Over time, he will take over from Sheila Noonan as director of manager research; Ms. Noonan, based in Chicago, will assume other duties once the research becomes centralized in Darien. Mr. Barron most recently was director of U.S. institutional client development at high-yield bond manager Muzinich & Co. He also had been executive director of the city of Richmond (Va.) Retirement System and CIO of the Virginia Retirement System.
Raudlin Etienne also was promoted to managing director at CRA RogersCasey. She was previously a director of consulting.
Anne Maloney was hired as a consultant at Marco Consulting Group Inc., Chicago, a new position. Ms. Maloney had been in client service in the Chicago office of Columbus Circle Investors. A Columbus Circle spokesman did not return calls regarding Ms. Maloney's replacement.
Jayson Davidson was hired as a consultant at Arnerich Massena & Associates Inc., Portland, Ore. He will specialize in the corporate and public sector defined contribution area. He had been vice president of institutional sales for the western United States at ICMA Retirement Corp.
