Paul G. Renaud was named senior vice president of finance and administration and CFO of the C$34 billion (US$27 billion) Ontario Municipal Employees Retirement System, Toronto, effective Nov. 1. He will replace Wayne Gladstone, who retired last spring. Mr. Renaud was executive vice president and CFO of aviation training firm CAE Inc., Toronto. Alain Raquepas, vice president-finance for CAE's finance, military simulation and training division, was named acting CFO; a search for a permanent replacement is under way.
Bill Lee was named vice president, pensions & investments at Kaiser Permanente, Oakland, Calif. He took over from Janice Murphy, who was named vice president of risk management, a new position. Mr. Lee will oversee the investment of the organization's $6.5 billion in defined benefit assets, $4.5 billion in defined contribution assets and $10 billion in foundation assets. He has no current plans to change how those assets are invested. Mr. Lee was assistant vice president and director-employee benefit investments & pensions at Levi Strauss & Co., San Francisco, which this summer chose to outsource its $550 million defined benefit plan to Russell Investment Group, according to Mr. Lee. Officials from Levi Strauss and Russell didn't respond to requests for comment. Kelly Hicks, who was senior investment manager at Levi Strauss, joined Callan Associates as vice president, hedge fund research, a new position.
Jim Angelos was named chief compliance officer at Evergeen Investments, a new position. He was director of compliance for the Evergreen funds and fund distributor Evergreen Investment Management Services. Evergreen also appointed Michele Grant CCO for Evergreen Investment Management Services, also a new position. Ms. Grant was a senior compliance at Wachovia Securities; Evergreen is an affiliate of Wachovia Bank. Barbara Lapple has been CCO of Evergreen Investment Management since 2000.
Council of Institutional Investors is searching for an executive recruiting firm to find candidates to replace Sarah Ball Teslik, who announced her resignation as executive director, said Meredith Williams, CII chairman and executive director of the $30 billion Colorado Public Employees' Retirement Association, Denver. Interested recruiters should contact the council. The board hopes to select a recruiting firm in the next several weeks, he said. Ann Yerger, deputy director, was named interim executive director, effective once Ms. Teslik leaves the organization, Mr. Williams said. "Ann will serve in the interim and may well be a candidate," Mr. Williams said. He wouldn't speculate on when a replacement would be chosen. Ms. Teslik will become CEO of the Certified Financial Planners Board of Standards, Denver, agreeing to start by Jan. 1.
Grant Johnsey was named transition management strategist at Northern Trust Global Investments, a new position, confirmed Christine Harmon, spokeswoman. He will report to Kevin Hardy, global director of transition management. Mr. Johnsey was head of portfolio trading at Capital Institutional Services; information on his replacement was not available.