Calvin W. Frese Jr. was named president of CB Richard Ellis, a new position, said Steve Iaco, director of corporate communications. He will be responsible for all business lines except the firm's investment management division, CB Richard Ellis Investors and CBRE Mortgage Brokerage. Mr. Frese will retain his duties as COO of the Americas.
Ron Saba, a portfolio manager and one of seven founding partners of NorthRoad Capital Management, has retired from the global and international equity management firm and returned to his hometown of Montreal, said Robert Morgenthau, CEO. NorthRoad is in the process of conducting a search for another portfolio manager but has not set a timetable. NorthRoad has a total of $1.4 billion in assets under management.