Bruce Cundick was named chief investment officer of the $11.5 billion Utah State Retirement System, Salt Lake City. Mr. Cundick had been acting CIO since Richard Cherry left in the spring over allegations of insider trading. Mr. Cundick had been assistant investment officer. Mark Siddoway, a portfolio manager at Sentry Insurance, Stevens Point, Wis., replaced him.
Keith Overly was named executive director of the $4.1 billion Ohio Public Employees' Retirement System Deferred Compensation Program, Columbus. He replaces Virginia Shimrock, who resigned; her plans could not be learned. Mr. Overly was deputy city manager of Kalamazoo, Mich.
Margo M. Wheet was named chief financial officer of the $27.4 billion Maryland State Retirement & Pension System, Baltimore. She will replace Ricky Harrison, who will be fiscal operations administrator for the Maryland Department of Legislative Services. Ms. Wheet was executive director of finance for the Maryland Judiciary, Annapolis.
Dana K. Bilyeu was named executive officer of the $14 billion Nevada Public Employees' Retirement System, Carson City. She replaced George Pyne, who retired in July. The executive officer, who reports to the board of trustees, is responsible for all programs of the system, including the investment program. Ms. Bilyeu had been with the system as the operations officer since January 1995. Before that, she was the system's legal counsel in the Nevada attorney general's office.
Robert J. Scott was selected as interim executive director of the $2.3 billion Denver Public Schools Retirement System to replace David Stella, who is leaving Dec. 1 to become executive assistant of the $50 billion Wisconsin Department of Employee Trust Funds, Madison. Mr. Scott retired as executive director of $23.8 billion Colorado Public Employees' Retirement Association, Denver, in 2000. That fund and the Denver Schools fund are expected to merge late next year. If the merger fails to go through, Denver school trustees will have to decide whether to extend Mr. Scott's contract or hire another executive director, Mr. Stella said.
Steven P. Klimkowski joined Northwestern Memorial Hospital, Chicago, as chief investment officer, a new position, overseeing its $1.2 billion in endowment, pension and other funds. The position was created during a restructuring that segregated investments from treasury and created an investment office. Mr. Klimkowski was chief operating officer of the University of Chicago, where he helped oversee investment operations of the $3.3 billion endowment fund. Joanna Rupp was promoted to chief operating officer. She was manager of public markets, overseeing externally managed portfolios and reporting to the director of investments. She has not been replaced, pending the appointment of a new director of investments at the school.
Jeffrey B. Clay was unanimously confirmed as executive director of the $40 billion Pennsylvania Public School Employees' Retirement System, Harrisburg, by the board of directors. Mr. Clay had been interim executive director since the retirement of Dale Everhart earlier this year.
Maribeth S. Rahe was named president of Fort Washington Investment Advisors Inc., Cincinnati. She replaced William F. Ledwin, who retired. Ms. Rahe was president of U.S. Trust of New York; she left the firm last year.
Martin L. Flanagan and Gregory E. Johnson will be promoted to co-chief executive officers of Franklin Resources Inc., San Mateo, Calif., effective Jan. 1. Charles B. Johnson, the current CEO, will continue as chairman. Messrs. Flanagan and Johnson have been serving as co-presidents of the company since 1999. The two will not replaced.
James Robertson was appointed chief financial officer at AMVESCAP PLC, Atlanta. He will succeed Robert McCullough, who is retiring in April. Mr. Robertson is executive vice president; there are no plans to fill his job, said Bill Hensel, spokesman for the company.
Keith Donaldson rejoined Martin Currie Investment Management Ltd., London, as a director and an additional member of the firm's Japanese equity investment team. He left Currie in 2000 to become a managing director at Merrill Lynch & Co., London. He had been on a leave of absence from Merrill for about six months.
Elizabeth Prator-Ross was hired as vice president of consultant relations, a new position, at Fisher Investments Inc., Woodside, Calif. Ms. Prator-Ross had been a senior vice president and senior consultant at Callan Associates Inc., Santa Monica, Calif. A Callan spokesman said she will not be replaced.
Paul Blaustein was named senior portfolio manager at Columbia Management Group, New York. He is lead manager of the Columbia Young Investor and the Columbia Growth Stock funds and institutional active large-cap growth equity separate accounts. He replaced Erik Gustafson, who resigned.
Mr. Blaustein was a portfolio manager at Atlantic Whitehall Funds, a subsidiary of Atlantic Trust Private Wealth Management, New York. Marsha Askins, director of marketing and communications at Atlantic Trust, did not return a call by press time seeking Mr. Blaustein's replacement.
Clyde McGregor has taken on new responsibilities with Harris Associates LP, Chicago, as co-portfolio manager of The Oakmark Global Fund. He currently is co-portfolio manager of The Oakmark Equity and Income Fund. Mr. McGregor replaced Greg Jackson, who left the firm for family reasons.
Antulio Bomfim and Geoffrey Caan joined OFI Institutional Asset Management, New York, as vice presidents and portfolio managers, additions to the firm's fixed-income team. They will be based in Boston. Mr. Bomfim was previously a senior economist specializing in monetary and financial market analysis for the division of monetary affairs of the Federal Reserve. Mr. Caan was previously a portfolio manager specializing in mortgage-backed securities at ABN AMRO's global treasury unit. No information about a replacement was available by press time.
Donald W. Smith joined Turner Investment Partners Inc., Berwyn, Pa., as a security analyst/portfolio manager on Turner's U.S. growth equity investing team. He replaces Kenny D. Turner, who left in July to join the GE insurance group, according to Turner spokesman Bruce R. Zewe. Mr. Smith previously was an equity analyst with Delaware Investment Advisers, Philadelphia. No information on his replacement there was available at press time.