Aug. 16 2002 P&I People
TOP OF THE NEWS
California Controller Kathleen Connell, an ex-officio member of California's two giant public pension funds, has become one of the rotating guest hosts on CNBC's Squawk Box early morning program, a CNBC spokeswoman said.
The controller co-hosted the show Aug. 14, her second recent appearance on Squawk Box. The program employs a number of business-celebrity anchors, including Jack Welch, former CEO of General Electric Co.
Ms. Connell's eight-year tenure as controller will end Jan. 6, and she doesn't appear to be headed for another political office. Earlier this year, she placed last in a field of six candidates seeking the Democratic nomination for mayor of Los Angeles, and she has burned numerous political bridges as controller. She earned the enmity of fellow board members of the California Public Employees' Retirement System by challenging, in court, pay increases for top CalPERS staffers. She also serves on the board of the California State Teachers' Retirement System.
Ms. Connell was unavailable for comment.
Bob Mitchell succeeded Lee Livermore as bond portfolio manager at the $10.5 billion Alaska State Pension Investment Board, Juneau, following Mr. Livermore's promotion to chief investment officer. Mr. Mitchell, previously assistant bond portfolio manager, has been replaced by Steve Sikes, an analyst at the board.
Four candidates were expected to be named today as finalists for the position of director of the $155 million Brookline (Mass.) Retirement System, said Margaret M. Cossette, acting director. The person chosen will replace Helen C. Trahon, who retired earlier this year.
Ed Gaunt will become chief investment director in the Tokyo office of American Express Asset Management International in September. He will take over responsibilities previously handled by Mark Fawcett, chief investment officer, and Fiona Stewart, head of Japanese equities, who will enter masters degree programs at the London Business School and Johns Hopkins University, respectively. Mr. Gaunt was head of Japanese institutional portfolio management at Scottish Widows Investment Partnership, Edinburgh; the company is close to hiring his replacement.
Lim Ser Mui was hired as senior portfolio manager in American Express' Singapore office; she came from Deutsche Asset Management. She replaces Elizabeth Tran, who opted not to relocate when AmEx moved the job to Singapore from Hong Kong.
Mark Morris joined Payden & Rygel Inc. as a director of the firm's London operations. Mr. Morris had been managing director of global fixed income at Credit Suisse Asset Management, London. Mr. Morris' position was created in response to increased demand for fixed-income products from European clients, said CEO Joan Payden. Ian Fishwick was promoted at Credit Suisse to replace him, a spokeswoman said.
Kevin Aarons joined North Road Capital Management, New York, a new international money management firm, as its first chief operating officer. Mr. Aarons had been chief operating officer of Arlington Capital Management LLC, Greenwich, Conn., a hedge fund that is closing.
Paul T. Rubens joined Banc One Investment Advisors as a managing director in institutional asset management, according to spokeswoman Julie Crothers. It is a new position. He will be based in Tokyo, responsible for providing service to Asian clients. Previously he was president and CEO of Alliance Capital Management's joint venture with Taiwan-based Far Eastern Group in Tokyo. John Meyers, an Alliance spokesman, could not give information on a replacement by press time.
Richard Rothwell joined Northern Trust Global Investments' London office as a senior portfolio manager on the international equities team, a company spokeswoman said. It's a new position. Mr. Rothwell had been a portfolio manager on the global equities team at Deutsche Asset Management, London; a spokeswoman said a portfolio manager, whom she could not identify, will be taking on his duties in the firm's New York office.
Neil McKenna joined Loomis Sayles & Co., Boston, as vice president in the consultant relations group. In this new position, Mr. McKenna will focus on developing and enhancing relationships with West Coast investment consulting firms. Mr. McKenna had been a vice president and consultant working with large public fund clients at Wilshire Associates, Los Angeles. He was replaced by Vache Mahsered Jian, a Wilshire spokeswoman said.
Brian Kawakami joined the New York office of INVESCO as director of compliance. The post had been vacant for about a year. Mr. Kawakami previously was senior vice president and director of compliance at Aeltus Investment Management, Hartford, Conn. Before that he was general counsel at SunAmerica Asset Management, New York.
Alan H. Dorsey was hired as managing director of hedge fund research at CRA RogersCasey, Darien, Conn. Mr. Dorsey had been a partner and managing director at Bryant Park Capital, a New York venture capital firm. Mr. Dorsey said his duties would be assumed by others at Bryant Park.
John T. Dunlop, a former U.S. secretary of labor, and Daniel H. Mintz, professor of medicine at the University of Miami School of Medicine, were elected to the board of ULLICO Inc., Washington. Both positions were open. Separately, the Union Labor Life Insurance Co, a subsidiary of ULLICO, promoted Melinda Fleet to vice president, risk management, investment services, a new position. Previously she was assistant vice president of risk management, a job that will not be filled.
Charles Roame and Margaret Towle were appointed to new spots on the 20-person advisory council of the Investment Management Consultants Association, Denver, a professional organization of consultants. Mr. Roame is managing principal of Tiburon Strategic Advisors, a firm that researches the consulting industry. Ms. Towle is executive vice president and chief investment officer of Northern Trust Global Advisors, a manager of managers. Council members, appointed by IMCA's president, advise the board of directors on trends in the consulting industry.