William J. Poutsiaka, chairman of PanAgora Asset Management, is leaving at the end of the year to pursue other opportunities. Mr. Poutsiaka did not say why he was leaving, nor did Nancy Fisher, a spokeswoman for Putnam Investments, which holds a controlling stake in the firm. Ms. Fisher said Mr. Poutsiaka will not be replaced; Eric Sorenson, PanAgora's chief executive officer and president, who joined the firm from Putnam earlier this year, will assume oversight of the firm.
Keith Ferguson will be the University of Washington's first chief investment officer, managing its $1 billion endowment, effective Dec. 1. He will work with the UW investment committee and board of regents in developing investment policies. Mr. Ferguson will report to V'Ella Warren, vice president for financial management and treasurer of the board of regents. Mr. Ferguson was group leader and vice president for quantitative and structured investments at Fidelity Investments. Information about a replacement was not available at press time.
Paul Hondros, chief executive officer of Gartmore Group, will also become chief executive officer of Gartmore Investment Management at the end of the year. He will replace Glyn Jones, said Vee Montebello, spokeswoman. The move amounts to a "final step" in Gartmore's efforts over the past 18 months to integrate its U.S. and non-U.S. businesses, she said. Mr. Hondros now will oversee both operations, although the two entities will remain separate.
Mr. Jones was offered another role in the integrated operations, but his interest was in managing a company and he decided to leave, Ms. Montebello said. Mr. Jones' plans are unclear, she said.
John Burns, managing director of public markets at the $84 billion New York City Retirement Systems, is leaving the fund Nov. 30. Mr. Burns said he has no immediate plans; "I'm going to take some time to reassess (my career) and hopefully find something challenging," he said. Mr. Burns, who has been with the fund for 24 years, is responsible for overseeing and monitoring the system's external money managers handling public securities. Jeff Simmons, a spokesman for the office of New York City Comptroller William C. Thompson, said the city is searching for a replacement.
Kimberly G. Walker, president of Qwest Asset Management, was named chairman of the Committee on Investment of Employee Benefit Assets, effective Jan. 1. Qwest Asset Management oversees $13.6 billion in assets for Qwest Communications International, Denver.
T. Britton Harris, president of Verizon Investment Management and a CIEBA vice chairman, was scheduled to be incoming chair but lost his CIEBA eligibility after accepting a position as chief executive officer of Bridgewater Associates.
Ms. Walker, who was also a vice chairman, will succeed Gary A. Glynn, president of the $7 billion U.S. Steel & Carnegie Pension Fund, Pittsburgh.
Michael Moreno joined Black Diamond Capital Management as managing director, a new position. He will be responsible for marketing and investor relations for all of the firm's alternative asset strategies, which include hedge funds, structured vehicles and distressed debt. Mr. Moreno was a principal at Atlantic-Pacific Capital, where he raised capital for private equity, distressed, real estate and hedge fund managers. Alexander L. Leykikh, an associate at Atlantic-Pacific Capital, did not return a call by press time seeking information about Mr. Moreno's replacement.
Robert Leggett was hired as executive director of the $4.5 billion New Hampshire Retirement System, Concord, and is expected to start Jan. 3, said Edward Theobald, chairman. Mr. Leggett is chief investment officer for the $13.3 billion Kentucky Retirement Systems, Frankfort, and the board is evaluating candidates for his replacement, said Gerri Miller, chief benefits officer.
Merelise O'Connor was named deputy director of the New Hampshire fund, a new position; she was director of member services and had been interim director since Eric Henry, the previous executive director, left in June to become executive director of the roughly $28 billion Pennsylvania State Employees' Retirement System, Harrisburg. J.P. Singh was named chief financial officer; he was director of finance for the pension system.
Randall Royther was named chief investment officer of money market investments at Columbia Management Group, the investment management arm of Bank of America, said Donya Hengehold, spokeswoman. Mr. Royther replaced Daniel Mulvey, who left to pursue other employment opportunities. Mr. Royther will lead the cash investing group and oversee the Nations Funds, Galaxy Funds and Columbia Funds money market funds. Mr. Royther was a senior partner and head of short-term fixed income at Harris Investment Management. Laura Alter, senior partner and head of long-term fixed income, assumed his responsibilities, said Joseph Caticchio, senior partner and director of marketing and client services for Harris.
Alan Wilde was hired as senior fund manager at Baring Asset Management, said Jill Hendry, spokeswoman. It is a new position. Mr. Wilde will mainly focus on developing its fixed-income business in Asia and North America; he will also be responsible for global government bonds. Mr. Wilde will be based in London. Mr. Wilde was director of fixed income at Abbey National Asset Managers. He was also responsible for marketing Abbey National's fixed-income strategies to investment consultants and retail investors. Christine McAllister, Abbey National spokeswoman, said Mr. Wilde's position no longer exists because the firm outsourced most of its fund management.
Edward Kung joined Babson Capital Management as managing director and alternatives product manager, a new position. He will oversee product development in the firm's alternative asset management strategies area, reporting to Jacqueline Maurer, managing director and head of marketing.
Mr. Kung was a senior manager at PanAgora Asset Management, where he oversaw product development of domestic and international equity, fixed income and hedge funds. Nancy Fisher, a spokeswoman for Putnam Investments, said when Putnam took a larger stake in PanAgora earlier this year and assumed a controlling interest, some functions at PanAgora, such as marketing and product development, were centralized within Putnam's marketing area. Therefore, when Mr. Kung left his product development job several months ago, he was not replaced, Ms. Fisher said.