Nigel Wightman, the managing director in charge of U.K. operations for State Street Global Advisors, resigned, said spokeswoman Arlene Roberts. Mr. Wightman's duties will be assumed by Jean-Francois Schock, the managing director in charge of SSgA's European operations, she said. "If and when" SSgA replaces Mr. Wightman, the position is likely to be filled internally, she said. Asked if Mr. Wightman's departure is connected to last week's resignation of group CIO Alan Brown, Ms. Roberts said Mr. Wightman left for personal reasons.
Joseph McInerney was promoted to COO at Northern Trust Global Advisors, the manager-of-managers subsidiary of Northern Trust Bank. It is a new position. Mr. McInerney was the product manager for alternative investment funds, and the firm is seeking his replacement, said Kurt Ross, a firm spokesman. Darren Kimsey, Nicole Neubelt and Kaz Sikora were also hired as manager researchers. Mr. Kimsey was co-director of U.S. equity manager research at consultant Evaluation Associates, where Mr. Sikora was director of international equity manager research. Ms. Neubelt was a researcher in the manager-of-managers group at Goldman Sachs Asset Management. Jeff Van Orden, managing director of Evaluation Associates, said the firm is seeking replacements for both Messrs. Kimsey and Sikora. A Goldman Sachs spokeswoman did not return calls by press time.
Henry B. Smith was named president and CEO of W.P. Stewart & Co., said Susan Leber, deputy managing director, financial operations. William Stewart, former CEO, will remain chairman. Mr. Smith has been a director of W.P. Stewart since June 1998; he is chairman of the executive committee of the board and was a member of the board's audit committee. Also, Rocco Macri was appointed managing director and COO; he was deputy managing director and CFO. He replaces John Russell, who will remain as deputy chairman. "We view this as part of overall succession," Ms. Leber said. Ms. Leber will replace Mr. Macri as deputy managing director and CFO. The management changes take effect May 1. W.P. Stewart has $9.3 billion in assets under management.