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March 10, 2005 12:00 AM

Jolyne Caruso was named managing director and head of global...

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    Jolyne Caruso was named managing director and head of global absolute-return strategies at Lehman Brothers. It is a new position, said Kerrie Cohen, spokeswoman. Ms. Caruso will oversee the company's hedge fund platform, which offers proprietary single-manager and multimanager funds of funds and third-party single-manager funds to institutional and high-net-worth investors. She will report to Theodore Janulis, managing director and global head of Lehman Brothers' investment management unit. Ms. Caruso will join the Lehman Brothers management committee and the steering committee of the investment management division. She was president of hedge fund manager Andor Capital Management. Kevin O'Brien, a managing director at Andor, did not return a call seeking information about Ms. Caruso's replacement.

    Labor Secretary Elaine L. Chao today named five new members to the ERISA Advisory Council, which makes non-binding recommendations to the pension regulator. They will serve three-year terms. James D. McCool, president of Schwab Corporate Services and responsible for managing $7 billion in retirement plan assets, will represent employers on the council. Kathryn J. Kennedy, an associate professor of law and director of the center for tax law and employee benefits at the John Marshall Law School, will represent the public on the council. Richard D. Landsberg, a benefits lawyer and vice president of Nationwide Financial Services, will represent the insurance industry. Willow J. Prall, a partner in the law firm DeCarlo & Connor, will represent employee organizations. Christopher Rouse, a principal in the accounting firm of Windham Brannon, will represent accounting firms.

    John Santaguida was named director of sales for the Taft-Hartley market at NYLIM Retirement Plan Services, said Diane Kagel, spokeswoman. He replaces Scott Buffington, who became senior vice president and account manager at Putnam Investments. Mr. Santaguida was national sales manager with Wachovia Retirement Services responsible for the midmarket institutional retirement plan business, said Elizabeth Hodges, Wachovia spokeswoman. His responsibilities were divided among other staff members as part of a restructuring of the Wachovia sales team.

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