Tina Poos was named vice president and treasurer of Kerr-McGee Worldwide Corp., Oklahoma City, responsible for the company's combined $1.7 billion in pension and savings plan investments. She replaced Elizabeth Wilkinson, who left the company, confirmed spokesman John Christiansen; he declined to say where she went. Ms. Poos was assistant corporate controller.
Mary Bersot left her position as chief investment officer and director of equity research at McMorgan & Co., said Robert Hirsch, general counsel. Barbel Lenz and George Russell, both senior vice presidents, were named co-directors of equity investment and have taken on CIO responsibilities of the equity group, Mr. Hirsch said. The firm is not now searching for a replacement for Ms. Bersot but it might later, Mr. Hirsch said. Ms. Bersot could not be reached by press time for comment.
Steven A. Schoenfeld and Robert E. Ginis were to join Northern Trust Global Investments in new quantitative strategy positions, effective Oct. 4. Mr. Schoenfeld will be chief investment strategist-global quantitative management and leader of NTGI's global quantitative investment committee; Mr. Ginis will be senior investment strategist-global quantitative management. Mr. Schoenfeld will report to Orie Dudley, chief investment officer; Mr. Ginis will report to Mr. Schoenfeld.
Both positions are new, said Richard Jurek, vice president. "Northern is adding a new layer of global strategy," he said.
"We won't be managing the day-to-day investment process," Mr. Schoenfeld said. "We will be integrating the perspective of the global quantitative management teams," which include equity and fixed-income indexing and enhanced indexing. Their other duties will include product development and evaluating performance and benchmark issues.
He said Northern Trust approached the two about the jobs.
Messrs. Schoenfeld and Ginis were managing partners at consultant Global Index Strategies, which specializes in financial product development and benchmark research; they will close the firm.
Michael M. Takata was named managing director at Pequot Capital Management, a new position. He will assist Art Samberg, Pequot chairman and chief executive officer, in managing the firm's core hedge fund portfolios. Mr. Takata was a founder and general partner of hedge fund manager Ulysses Partners; information about his replacement there was not available.
Ramu Thiagarajan was named a principal at Pequot, also a new position. He will join Pequot's research team and assist in expanding the firm's investment strategies. Mr. Thiagarajan was a managing director at Mellon Capital, where he was responsible for all domestic and international stock selection strategies. Joe Ailinger, a Mellon spokesman, did not return a call seeking information about his replacement.
David Sheasby was named director of multiregional products at Martin Currie, a new position, effective Oct. 11, said Ross Leckie, spokesman. He will report to Alison Hamilton, director, global products, and work with James Fairweather, Martin Currie chief investment officer, to manage the firm's EAFE and ACWI ex-U.S. accounts for American clients. Mr. Sheasby was global strategist and senior portfolio manager of global equities at Aegon Asset Management. Tony Bonsignore, Aegon spokesman, did not return a call by press time seeking comment.
David J. Scarozza joined Commonfund as managing director, marketable securities, a new position. He will join a team responsible for manager selection, due diligence and portfolio strategy and construction for marketable alternative investments. Mr. Scarozza was vice president, manager analyst, in the hedge fund area of Citigroup Alternative Investments. Information about Mr. Scarozza's replacement was not available from Citigroup spokeswoman Mary Athridge by press time.