Paul Roye, former director of the SEC's investment management division, was named senior vice president at the Capital Group Cos., a new position. He will join the firm's Washington office May 9 but eventually move to its Los Angeles headquarters, said Chuck Freadhoff, spokesman. Mr. Roye will work on compliance and other regulatory matters, reporting directly to Paul Haaga Jr., chairman of the Capital Group's executive committee, Mr. Freadhoff said. Meyer Eisenberg, SEC general counsel, is serving as acting director of the SEC's investment management division until Chairman William Donaldson names a permanent replacement for Mr. Roye.
Robyn C. Stern was appointed executive vice president of asset management for Arbor Realty Trust, a REIT focusing on bridge and mezzanine loans. She replaces Dan Palmier, who left the firm 11 months ago, according to Bonnie Habyan, senior vice president at Arbor Realty. Ms. Stern was regional director, structured finance at Ernst & Young. Lisa Rosendorf, associate director of Ernst & Young, would not provide information about whether Ms. Stern was replaced.
Scott Wentsel joined Ibbotson Associates as senior portfolio manager and head of the firm's funds-of-funds business. Mr. Wentsel will also oversee the firm's investment management processes and staff, and he will join the investment policy committee. The position, which is new, was created because the consultant's funds-of-funds practice has grown so rapidly, said Alexa Auerbach, Ibbotson spokeswoman. "Business is booming for us in this area," she said, noting that Ibbotson's clients include Pioneer, Old Mutual, AIG, Pacific Life, Hartford, Gartmore and Calvert Funds. Ibbotson provides portfolio construction services and actively manages funds of funds for financial institutions. Mr. Wentsel was executive director in the Van Kampen unit of Morgan Stanley, where he was responsible for research, development and marketing of asset management products. Chad Peterson, a Morgan Stanley spokesman, was unable to provide information about Mr. Wentsel's replacement by press time.