Denis Amato, managing director of value equity strategies with Fifth Third Asset Management, is retiring, said E. Keith Wirtz, president and CIO. The company is not planning to replace him directly, although it may add a more junior member to the value team, Mr. Wirtz said.
Simon Clinch will join F&C Asset Management May 31 as director-U.S. equities, said Jason Hollands, spokesman. Mr. Clinch will report to Rupert Della-Porta, head of U.S. equities. The position was added to strengthen the team that researches U.S. equities, Mr. Hollands said. Mr. Clinch had been head of North American equities at Aberdeen Asset Management since October; he led the Aberdeen North American and Aberdeen American Opportunities funds. Prior to that, he was a senior fund manager at Aberdeen. James Thorneley, Aberdeen spokesman, said Mr. Clinch was replaced by Rob Sellar, who had been a senior investment manager on the global equities team at Aberdeen. The firm has not filled Mr. Sellar's prior position and his responsibilities have been divided among members of the global equities team, Mr. Thornely said.
Christopher Keating is a leading candidate to become head of institutional and hedge fund sales, client service and consultant relations, at American Express Financial, according to industry sources who declined to be identified. Spokesman Paul Johnson confirmed that Amex is looking to fill the position, which is new, but said the company currently has nothing to announce. Mr. Keating was executive vice president for sales, client service and consultant relations at Fidelity Management Trust. Fidelity spokesman Scott Beyerl confirmed that Mr. Keating had left but said Fidelity has no immediate announcement about a replacement.
Tony Foley, a managing director in charge of State Street Global Advisors' Advanced Research Center, left the company at the end of April, said spokeswoman Arlene Roberts. She had no further information about his plans. Mark Hooker, a Boston-based member of the Advanced Research Center, will assume Mr. Foley's position. Mr. Hooker was head of quantitative fixed-income research.
Doug Polak was named a partner at Third Wave Global Investors, said Robert Birnbaum, president and COO. It's a new position. Mr. Polak will be responsible for the $25 million firm's client service and advisory activities, working with consultants, family offices and institutions. Mr. Polak was managing director of Columbia Management Group's strategic advisory services unit. Jon Goldstein, a Columbia spokesman, could not provide information on a replacement by press time.