David Scopelliti was named principal investment officer of the $2 billion private equity portfolio at Connecticut Retirement Plans and Trust Funds, Hartford. He replaced Michael McDonald, who left the $18.4 billion system in 2000 to become a vice president at J.P. Morgan Partners, a private equity unit of J.P. Morgan Chase, New York. The portfolio was managed in the interim by the fund's investment staff.
Mr. Scopelliti had been a principal in the investment banking division at USBX Advisory Services, based in Los Angeles. Paul Collins, spokesman at USBX, said the firm is planning to replace him.