AUG. 23, 2002 P&I PEOPLE
TOP OF THE NEWS
Wayne D. Lyski is retiring as chief investment officer for fixed income and portfolio manager at Alliance Capital Management LP, New York. His duties as CIO will be assumed by the heads of Alliance's various fixed-income strategies, said Stephanie Giaramita, a spokeswoman. Mr. Lyski's portfolio management duties also will be assigned to other bond managers.
Sean Kelleher will replace Mr. Lyski and Jeffrey S. Phlegar as portfolio manager of the U.S. government portion of the Alliance Bond Fund. Mr. Phlegar will remain head of core fixed-income strategies and retain other portfolio management responsibilities, said Ms. Giaramita.
Lawrence J. Shaw and Michael A. Snyder are replacing Mr. Lyski and Paul J. DeNoon as co-managers of the corporate bond portion of the Alliance Bond Fund. Mr. DeNoon will replace Mr. Lyski as manager of the Alliance Emerging Market Debt Fund. Mr. DeNoon, Ivan Rudolph-Shabinsky and Mr. Kelleher will replace Mr. Lyski as portfolio manager of the Alliance America Government Income Trust. Douglas J. Peebles will become sole manager of the Alliance Global Strategic Income Trust; he had been co-manager with Mr. Lyski.
The city of Southfield, Mich., is searching for a retirement plan administrator to oversee four funds - the $180 million fire and police cash balance plan; the $80 million general employees' pension plan; the $30 million 457 plan for all employees; and a $250,000 healthcare benefit plan trust, said James Pierce, deputy treasurer. It is a new position; the city does not have one person to oversee administration of all plans, which are handled by different boards, he said. The city is not using a search firm to fill the post, he said. Further details will be available Monday on the city's website at www.cityofsouthfield.com. The deadline for inquiries is Oct. 9.
Mary P. Kirlin is the new pension coordinator for the city of Wilmington, Del.'s $155 million plan, said Jerry J. Nagle, deputy city treasurer. She replaces Maria Jones, who retired earlier this summer, he said. Ms. Kirlin was the deputy finance director for the plan.
American Express Financial Corp., Minneapolis, is continuing its expansion with a buildup of staff in its San Diego office, said Paul Johnson, a spokesman.
Two portfolio managers and three to five analysts are being sought to support growth manager Gordon Fines and his team. They manage $23 billion in mutual funds and an unspecified amount in institutional assets. The Chicago office of TMP Worldwide is handling the searches.
Mr. Johnson said 15 analysts have been added to the new Boston office since portfolio managers Nick Thakore, Douglas Chase and Robert Ewing joined American Express from Fidelity Investments, Boston, in April.
Gregg Diliberto is the new head of fixed income at Citigroup Global Investments, New York. It is a new position. His responsibilities will include co-managing the firm's $70 billion core fixed-income portfolio. Mr. Diliberto had been head of fixed income at Credit Suisse Asset Management, New York; he was replaced by Jo Ann Corkran, managing director.
Patrick Bresnehan joined PanAgora Asset Management Inc., Boston, as a senior investment manager on the firm's fixed-income team. Mr. Bresnehan will be responsible for managing PanAgora's approximately $2.5 billion in active and passive institutional domestic fixed-income portfolios; he also will assist with the firm's global fixed-income strategies. He replaces Mary Eberle, who left to pursue other opportunities, said Diana Tomb, PanAgora spokeswoman. Mr. Bresnehan was a senior vice president at Columbia Management Group, Boston, where he was a product director in the fixed-income area. Columbia officials could not be reached for comment by press time.
Javier Segovia was promoted to senior vice president of the emerging markets fixed-income group at TCW Group Inc., Los Angeles. It is a new position. Mr. Segovia had been a senior analyst in international equities and emerging markets equities strategies; he will not be replaced.
Kristin J. Roessner was hired by Brownstone Advisors LLC, a New York fund of hedge funds, as senior vice president in charge of portfolio analysis and business development. It is a new position. Ms. Roessner will focus on analyzing Brownstone's existing managers and developing new business. She had worked in the marketing department of Amerindo Investment Advisors Inc., New York, an investment management and private equity firm.
Chris Gill joined Mercer Investment Consulting as a senior consultant in the firm's London office. Mr. Gill was group head of pensions at Standard Chartered Bank, London. A spokesman for the bank said Jacqui Summons was hired to assume some of Mr. Gill's duties; other tasks will be taken on by Mark Fox, the pensions administration manager.
Susan Crotty is joining Callan Associates' Morristown, N.J., office as a consultant. She was consultant marketer at Ark Asset Management Co. Inc., New York. Robert Norton, director of marketing at Ark, said some people have been interviewed for Ms. Crotty's position. "If we find someone we like, we will hire them. It's an ongoing project," he said. Ms. Crotty could not be reached for comment.
Brian C. McGillicuddy joined GoldK, Waltham, Mass., as vice president of institutional implementation, a new position. He will lead a project management team responsible for placing the retirement plan assets of major clients onto the GoldK platform. Mr. McGillicuddy was vice president on the institutional relationship management team for BISYS Retirement Services, Ambler, Pa.