Emma Taylor McIntosh was named director of marketing and client relations, corporate plans, at Progress Investment Management. It's a new position. She will open an office in Chicago to market the firm's asset management services to corporate pension plans and manage Progress' existing client relationships. The firm manages $4.1 billion for U.S. plan sponsors.
Daniel J. Ludeman, president and CEO of Wachovia Securities, was elected 2005 chairman of the Securities Industry Association, succeeding Richard E. Thornburgh, vice chairman of Credit Suisse First Boston's executive board. Mr. Thornburgh's one-year term expired, but he will remain on the SIA board as immediate past chairman. James P. Gorman, executive vice president of Merrill Lynch and president of the company's global private client group, will serve as chairman-elect, taking the top post in 2006.
Michael Singer was named managing director and chief administrative officer at Ivy Asset Management, a new position. Mr. Singer will be on the hedge fund-of-funds manager's strategic operating committee; he will initially oversee contracts and compliance, finance, human resources and facilities and operations. Mr. Singer was senior managing director and general counsel at Weiss, Peck & Greer, where he was replaced by Robert Kleinberg, said Pamela J. Cantor, senior vice president.