Vincent P. Brown and Loren D. Suter were named deputy executive officers of the $133 billion California Public Employees' Retirement System, Sacramento. They replace James H. Gomez, who left last year to become president and CEO of the California Association of Health Facilities. The job was divided in two after he left.
Mr. Brown will be deputy executive officer-operations, overseeing day-to-day administration, project planning, allocation of fiscal resources and public affairs, among other duties. He also will provide overall direction to technology policy and governance. Mr. Suter will be deputy executive officer-benefits administration. He will oversee programs for retirement and health benefits and will provide long-term direction for their delivery, enhancements, additions and changes.
Mr. Brown was CalPERS' assistant executive officer of financial and administrative services. Mr. Suter was with the California Department of Insurance, where he has served concurrently as chief executive officer of its conservation and liquidation office and as deputy commissioner-administration and licensing services branch. Both report to CalPERS Chief Executive Officer Fred R. Buenrostro Jr.
Daniel J. Kingston was named chief investment officer of the $1.5 billion Ewing Marion Kauffman Foundation, Kansas City, Mo. The post had been vacant since autumn 2001 when Judith Elsea left to join venture capital firm Knightsbridge Advisers Inc., Bartlesville, Okla., as managing principal.
Mr. Kingston was managing director of Stanford Management Co., Menlo Park, Calif., which oversees $10 billion in endowment and trust assets for Stanford University. Sources said Mr. Kingston's position was one of several eliminated when Stanford Management outsourced its $1.6 billion in internally managed portfolios, primarily in fixed income, in December. Stanford Management officials did not return phone calls.
Donald Lindsey will become chief investment officer of the $587 million George Washington University endowment, Washington, in April. It is a new position. Mr. Lindsey currently is chief executive officer of University of Toronto Asset Management Corp., which manages C$4 billion (US$2.6 billion) in endowment and pension assets. A spokeswoman for the university said a search will be conducted for a successor.
Thomas R. Lussier resigned as executive director of the $13 billion Massachusetts Teachers' Retirement Board, Boston. David Driscoll, chairman, said the board will conduct an internal search for a replacement. If no internal candidate can be found, the search will be expanded.
Mr. Lussier has purchased Vienna Gregor & Associates, an Alexandria, Va., lobbying firm for public pension funds. David Vienna, past president and chairman, sold the firm to Mr. Lussier, a spokesman for the firm said.
Peter Clark was appointed chief executive of Schroders Investment Management North America, New York. Mr. Clark was head of emerging markets, and will retain that position. He replaces Sharon Haugh, who left in May and later filed an age discrimination suit against Schroders PLC, London, the parent company.
Deon Gouws joined IO Investors, London, as chief investment officer, and Danny Vassiliades was named business development director. Both are new positions. Mr. Gouws had been head of research at Old Mutual PLC, London; information on any plans to replace him wasn't available at press time. Mr. Vassiliades was lead consultant at Psolve, a London consulting firm; he hasn't been replaced there yet. IO Investors is the money management unit of South African financial services group Sanlam.
Emeric Challier was appointed director of fixed-income investments at Fortis Investment Management's Paris office. It's a new position. Mr. Challier was head of global fixed income at SG Asset Management, Paris; no information was available on any plans to replace him.
Galin Georgiev, Von M. Hughes, Brian P. Mathis and Stephen Oxley were hired by Pacific Alternative Asset Management Co., Irvine, Calif., to beef up its institutional fund of hedge funds business.
Mr. Georgiev was hired as director of risk management. Previously he was a vice president in the global structured products group at Bank of America, San Francisco. Mr. Hughes was named director of client services. He was a managing director at Utendahl Capital Partners LP, New York. Mr. Mathis was hired as director of portfolio management. He previously worked as a vice president in the merchant banking group at J.P. Morgan Chase & Co., New York. Mr. Oxley was named a managing director to run PAAMCO's new London office. He had been a partner and senior investment consultant at Watson Wyatt LLP, London.
No information was available on any of their replacements.
Carol W. Proffer joined Stratford Advisory Group Inc., Chicago, as a senior consultant, a new position. She will be based in Dallas and work with corporate and non-profit clients. Ms. Proffer was senior vice president at Pilgrim Baxter & Associates Ltd., Wayne, Pa., until July 2002.
Ronald G. Albahary was named chief investment officer in the retirement group at Merrill Lynch & Co., New York, a new position. He was a director and portfolio manager at Northern Trust Bank in Miami. No information was available at press time on his replacement.
Thomas Galvin was named president and chief investment officer of Campbell, Cowperthwait, New York. He replaces Michael Shields, who left five months ago, a spokeswoman said. Mr. Galvin was chief investment strategist at Credit Suisse First Boston, New York, until November.
Martin Porter was named global head of equities at J.P. Morgan Fleming Asset Management, a new position. He had been head of equity and balanced investment management teams in London. Pablo Forero, who was CIO of international equities, now will work with Mr. Porter to manage equity and balanced management teams globally, with a focus on research and trading activities.
Peter O. Lopez joined Transamerica Investment Management LLC, Los Angeles, as director of research-fixed income, a new position. He was a managing director at Centre Pacific LLC, Los Angeles. A spokesman didn't provide information on his replacement there.