Brian Boyer joined the $11.5 billion General Board of Pension and Health Benefits of the United Methodist Church, Evanston, Ill., as director-external investments. He will oversee alternative investments. The fund has about $660 million in real estate and about $100 million in private equity, while its policy includes potential allocations to hedge funds, managed futures, timber and other alternatives. Mr. Boyer was director of research at First Analysis Corp., Chicago, a private equity and venture capital firm. Mr. Boyer will report to Dave Zellner, chief investment officer. Jeffrey Nevins replaced Mr. Boyer.
Lorna Scott was promoted to manager-equity investments. She was manager of investment accounting and performance. She will continue to oversee performance evaluation. Matt Ulrych also joined the fund as investment operations manager. He will help manage the custody relationship with Mellon Bank, as well as work on investment accounting. Mr. Ulrych was a business analyst and trust officer at Northern Trust Co., Chicago.
All the positions were restructured after the departure of two staffers, said Mr. Zellner. John Capelli, manager-equity investments, left earlier this year to become managing director-investments of the $3 billion Northwestern University endowment fund, Evanston. Marie Lauren, who was manager-alternative investments, left to pursue other opportunities.