Holly D. Deem was named chief risk officer at AMVESCAP, according to a...

Holly D. Deem was named chief risk officer at AMVESCAP, according to a letter from Charles W. Brady, executive chairman, to company employees last week. She will lead the firm's new operational risk management group, which will "better identify, manage and track risk within the areas of finance, products and client operations," according to the letter. Ms. Deem was chief administrative officer of AMVESCAP subsidiary INVESCO; her responsibilities will be handled by regional business units, said Bill Hensel, AMVESCAP spokesman. Her position will not be filled.

David Almodovar was named a vice president at Credit Suisse First Boston, overseeing the management of a $100 million-plus venture capital fund of funds for the Oregon Investment Council, Tigard, confirmed Victoria Harmon, CSFB spokeswoman. The fund of funds will invest in northwest U.S. venture capital firms that are geared toward investing in Oregon-based companies. Mr. Almodovar was a vice president with Russell Investment Group until December, when Russell acquired private equity fund-of-funds manager Pantheon. He has not been replaced at Russell. Oregon Investment Council oversees investment of the $54.7 billion Oregon Public Employees Retirement Fund, Salem.