Robert Slotpole, who joined State Street Global Advisors three months ago as the head of the firm's active U.S. quantitative equity team, has left the firm. Neither Mr. Slotpole nor SSgA spokeswoman Arlene Roberts, would comment on the reasons for his departure, the latest in a handful of senior-level departures this year. SSgA's active U.S. quantitative equity team will report directly to head of global equities Arlene Rockefeller while the firm conducts a search for Mr. Slotpole's replacement, Ms. Roberts said.
Alan Brown, former global CIO at State Street Global Advisors, was named head of investment at Schroders PLC, effective July 5. He replaces Richard Horlick, who is leaving the company later this year to pursue other opportunities, said Richard King, Schroders' spokesman. He would not be more specific. Mr. Horlick, who could not be reached for comment, will step down from Schroders' board of directors May 25 but remain with the firm for six months. Mr. Brown left SSgA in February amid reports of a succession dispute at the firm. SSgA eliminated the global CIO role, said Arlene Roberts, spokeswoman; his duties were assigned to regional CIOs.
Greg Hazlett, managing director of external managers for the $12.8 billion investment portfolio of the Howard Hughes Medical Institute, Chevy Chase, Md., has left the institute. His future plans are unknown, according to spokeswoman Avice Meehan. His responsibilities have been assumed by remaining members of the senior investment team.
Evalynne Hunemuller, interim director of the $7 billion New Mexico Educational Retirement Board, Santa Fe, was appointed director. The previous executive director, Danny Lyle, left last year.
Lawrence A. Johansen was named securities investment officer at the Albany-based New York State Teachers' Retirement System. He succeeds Joseph N. Vet, who retired. Mr. Johansen, who was actuary at the $83.3 billion system, will oversee the system's investments, which include domestic and international equities, domestic fixed income, alternatives and cash. Richard A. Young, manager of research and valuation, will replace Mr. Johansen as actuary.
Joe Grills was named chairman of the investment advisory committee at the $43 billion Virginia Retirement System, Richmond. He replaces Raymond D. Smoot Jr., who retired. Mr. Grills, retired CIO of the $64.8 billion International Business Machine Corp. pension fund, White Plains, N.Y., was a member of the system's investment advisory committee.
Helen Ouellette, vice president for administration and treasurer of Williams College, Williamstown, Mass., responsible for the school's $1.4 billion endowment, resigned effective June 30, according to a news release from the college. "I believe I've accomplished what I can in my time at Williams and plan to move to Cambridge, where I lived before coming here in 1998," Ms. Ouellette said in the release. She was not available for comment. The college will launch a national search for a replacement, according to the release.
Mark H. Williamson, CEO and president of A I M Management Group, announced he plans to resign "at some point" before the end of 2006, said Ivy McLemore, spokesman. A search for a successor will not begin until parent company AMVESCAP completes its own search for a new CEO to replace Chairman Charles Brady sometime in the next few months, Mr. McLemore said. Mr. Williamson, who commutes to Houston from Atlanta, said he wants to spend more time with his family and wanted to give AMVESCAP ample time to ensure an orderly transition.
Gilles Glicenstein will become chairman and head of asset management at BNP Paribas Asset Management SAS, the main asset management arm of BNP Paribas, effective June 1, said Christelle Maldague, spokeswoman. Mr. Glicenstein will replace Gilles de Vaugrigneuse, who will remain chairman of BNP PAM Group, the holding company for the firm's asset management businesses. Mr. Glicenstein was CEO of BNP Paribas Asset Management, and the firm has no plans to name a new CEO. A statement released by the firm said the appointment "provides continuity for growth at BNP Paribas Asset Management in an environment favorable to further development."
Donald Evenson will join TCW Group June 1 as a managing director and portfolio manager of the firm's large-cap growth strategy, said Mike Utley, spokesman. He is replacing Doug Foreman, who has been in charge of the large-cap growth strategy following last year's departures of co-managers Philip Propper De Callejon and Wendy Barker. Mr. Evenson was a managing director and leader of the large-cap portfolio management team at Provident Investment Counsel. F. Brown Windle, director of marketing and relationship management at Provident, said Mr. Evenson won't be replaced; his duties will be absorbed by the two large-cap portfolio managers, Derek Derman and Susan Perkins.
Peter Eerdmans was named senior fixed-income portfolio manager at Investec Asset Management, Cape Town, effective in August. Mr. Eerdmans is a senior investment consultant, manager research at Watson Wyatt Worldwide, Reigate, England; he will remain at Watson Wyatt for the next three months before relocating to Cape Town, said Paul Deane Williams, Watson Wyatt spokesman. His duties at Watson Wyatt will be handled by other staff members, said Mr. Williams.
Douglas MacKay, director-research and portfolio manager with Oak Associates, left the firm for personal reasons, said Howard Monaghan, a spokesman for the firm. CIO James D. Oelschlager assumed Mr. MacKay's responsibilities as research director, and portfolio manager Jeff Travis has taken Mr. MacKay's place as co-manager of the Red Oak Technology Select Fund, while portfolio managers Robert Stimpson and Mark Oelschlager replaced him on the management teams of the White Oak Select Growth Fund and the Pin Oak Aggressive Stock Fund, respectively.
Colin C. MacKellar joined LaSalle Investment Management as senior vice president, portfolio management. The position is new. He will work in the firm's Toronto office, and will be responsible for cultivating the real estate investment firm's office, industrial, retail and residential properties portfolio in Canada. Mr. MacKellar was president of real estate investment adviser Meritus Realty Advisors. He and the rest of the senior management team co-owned the firm with SCR Canada, a privately held merchant banking group. Meritas was closed last year.
Nunzio Masone and Martin DeVito were named managing directors of Aladdin Capital Management's new asset-backed securities and commercial mortgage-backed securities team, the company said in a news release. Both positions are new. They will join Anatoly Burman, who came to the company in February to build the ABS and CMBS team. Messrs. Masone and DeVito came from AIG Global Investment Group, where Mr. Masone was a senior portfolio manager overseeing a residential mortgage-backed and asset-backed securities credit portfolio, and Mr. DeVito was a CMBS portfolio manager. Also, Shirley Cho is joining Aladdin from AIG Global as a research analyst, supporting the team. AIG spokesman Joe Norton said no replacements have yet been named.
Jana Benesova-Tuma was named managing director and product head of European fixed income, a new position at Citigroup Asset Management in London, said Olivia Baker, spokeswoman. Ms. Benesova-Tuma was a director and portfolio manager with Credit Suisse Asset Management, involved with European high-yield and total-return investment management and emerging market fixed-Income strategy, according to a news release from Citigroup. Wesley McDade, CSAM spokesman, confirmed Ms. Benesova-Tuma's departure and said it's not clear if she will be replaced because CSAM uses a team approach to manage those products.
Chuck Hall was named director of fixed income at South Texas Money Management; it's a new position. He will be responsible for fixed-income research and investing. Previously, Mr. Hall was executive vice president and treasurer at Amegy Bank.
James Buckley will join Baring Asset Management this summer as director and manager of the Baring European Growth and Europa funds, said Jill Hendry, spokeswoman. He replaces Simon Hallet, who left the firm earlier this month. Susannah Lloyd, Baring Asset's head of specialist European equity, will take on management of the fund until he arrives. Mr. Buckley is manager of Premier Asset Management's European Growth Fund and will leave the firm in early August, said Simon Weldon, Premier sales and marketing director. The firm is finalizing contract details for Mr. Buckley's successor, whom Mr. Weldon would not identify. Ms. Hendry could not comment on why Mr. Hallet left.
Bob Mainer, vice chairman of The Boston Co., will retire at the end of this month, said spokesman Joe Ailinger. A 40-year veteran of the company, Mr. Mainer is a consultant and strategic adviser to parent Mellon Financial's institutional asset management group on matters such as mergers and acquisitions. He will not be replaced.
William E. Locke joined Brown Brothers Harriman as vice president, client service, and Crossan R. Barnes joined the firm as regional sales manager for North America, according to Patricia Fallon, senior vice president and co-manager of the firm's securities lending group. Both positions are new. Mr. Locke will be a senior client relationship manager for existing Brown Brothers securities lending clients in the United States. Mr. Barnes will report to Joyce Dardonis, senior vice president and head of sales for the Americas. Mr. Locke was vice president of securities finance at State Street Corp., and Mr. Barnes was a securities finance client service officer at State Street. Information on their replacements was not available by press time.
Joseph Gill joined alternatives manager Highland Financial Holdings Group as senior vice president and chief marketing officer. It is a new position, said Anne Taylor Reed, Highland Financial spokeswoman. Mr. Gill was vice president of marketing at BlackRock. Brian Beades, a BlackRock spokesman, said the company does not comment on personnel changes as a matter of policy.
Peter Lindqvist joined Threadneedle Investments as head of strategic alliances, said Denis Tumbult, head of marketing. It is a new position. Mr. Lindqvist will manage a team responsible for overseeing Threadneedle's relationships with parent American Express and former parent Zurich Financial Services, for which Threadneedle maintains some investments. Mr. Lindqvist will also be responsible for overseeing Threadneedle's relationships with global financial institutions. He will work closely with Christian Pellis, head of European distribution. Mr. Lindqvist was regional sales director for continental Europe at Citigroup Asset Management, said Annette McArthur Muscroft, Citigroup spokeswoman. Paul Timlin, the firm's other regional sales director for continental Europe, has taken over Mr. Lindqvist's responsibilities.
Patrick Fisher was promoted to senior consultant at Yanni Partners, said Lisa Marcotullio, director of operations. It is a new position, she said. Mr. Fisher was a consultant at the firm.
Gene Wickes was named global director of benefits consulting at Watson Wyatt Worldwide, and Sylvester Schieber was named U.S. director of benefits consulting. Mr. Wickes will have overall responsibility for managing the firm's worldwide benefits consulting business. He replaces Eric Lofgren, who retired last year. Mr. Schieber will lead the firm's retirement and health care consulting practices in the United States; his position is new. Mr. Wickes, who is based in Denver, was the global and U.S. director of retirement consulting at Watson Wyatt, and Mr. Schieber, based in Washington, was the head of research. No replacements have been named yet for either, said Ed Emerman, a spokesman.
Pat Lardner was appointed Australasia regional director at Bank of Ireland Asset Management, according to spokeswoman Bernadette Godley. Mr. Lardner replaces Brendan Donahoe, who was appointed director and president-international of BIAM in November. Mr. Lardner was the head of BIAM's Irish institutional business and will be replaced by Peter Wood, who is currently the head of portfolio construction and global support. He will be replaced by Charles Lamb, who was the head of risk management; the firm is seeking a replacement.
Ronald Albahary was named managing director of high-net-worth client portfolio management at SEI Investments. It is a new position, created to "focus on building out our investment and risk management capabilities for high-net-worth clients," he said. Mr. Albahary was CIO at Merrill Lynch Retirement Services. Calls to Merrill Lynch were not returned by press time.
Peter M. Gorman was named a managing director with Robeco Investment Management's intermediary channels sales team, responsible for selling the products of Robeco's money management units through broker-dealers, bank and trust companies, family offices and other subadvisory channels, the company said in a news release. The position is new. Mr. Gorman was managing director, marketing and investor relations, with Blue Alternative Asset Management. Gina M. Giaquinto, Blue Alternative's vice president, fund administration, said the company doesn't comment on personnel changes.
Marc Carlson was named a vice president in TCW's consultant relations group, a new position, said Mike Utley, spokesman. Mr. Carlson came from Northern Trust Global Investments in Chicago. Chris Harmon, Northern Trust spokeswoman, had no information on a replacement by press time.
Joseph F. Esposito and James P. Wohlmacher were named senior vice presidents at global macro hedge fund firm Blenheim Capital Management. Both positions are new. Mr. Esposito will oversee administrative and compliance functions, and Mr. Wohlmacher will oversee risk management and trader development and help add natural resource and commodity-related equity investment to the firm's core investment strategy. Mr. Esposito was general counsel at hedge fund Vinya Capital; a spokeswoman there said he has not been replaced. Mr. Wohlmacher was COO of Hamilton Investment Management, a multistrategy hedge fund. Neil Kennedy, a spokesman for Hamilton, said the firm will be closed at the end of May.
Mitesh Sheth was named as investment director at Henderson Global Investors, developing Henderson's liability-driven investment product unit, confirmed Richard Acworth, spokesman. The position is new. Mr. Sheth was a consultant in Watson Wyatt's investment manager research group. Calls to officials at Watson Wyatt were not returned by press time.
Catherine Pemberton was named senior vice president, director of marketing, at McHugh Associates. The position is new. Ms. Pemberton was a vice president and manager for the central division at Nuveen Advisor Consulting Services' national firms division, focused on selling Nuveen's retail products through broker-dealer channels. Dave Dunton, a vice president of sales in the central division, replaced Ms. Pemberton, said Nuveen spokeswoman Laurel O'Brien.
Michael Gardner was hired as senior managing director at broker-dealer Institutional Direct, a subsidiary of Bear Stearns, to run the firm's transition management business, according to spokeswoman Monica Orbe. It is a new position. Mr. Gardner was manager of trading implementation at Russell Investment Group. He was replaced by Jason Lenzo, who was the firm's senior trader on the trading implementation team, according to Russell spokesman Steve Claiborne.
Ian Chimes, managing director of European distribution with Credit Suisse Asset Management, will also assume responsibility for U.S. sales and marketing, said Wesley McDade, spokesman. Gail S. Landis, managing director, U.S. sales and marketing, is leaving the firm, Mr. McDade said. Ms. Landis referred all inquiries to Mr. McDade, who couldn't provide any specifics about her next move. Also, Mark Burgess, who joined CSAM in July as managing director, global co-head of equities, was named global head of equities, with the departure of fellow co-head Greg Sawers, who also led CSAM's U.S. equities operations. Mr. Sawers' departure had been planned for some time, said Mr. McDade; he is leaving to "take some time off," Mr. McDade said. Steve Kaszynski, managing director, head of U.S. value equities, will also assume Mr. Sawers' responsibilities as head of U.S. equities, while Bob Rescoe, a director and portfolio manager, will also become head of U.S. equity research, Mr. McDade said.
Michael Garner was hired as senior managing director at broker-dealer Institutional Direct, a subsidiary of Bear Stearns, to run the firm's transition management business, according to spokeswoman Monica Orbe. It is a new position. Mr. Garner was manager of trading implementation at Russell Investment Group. He was replaced by Jason Lenzo, who was the firm's senior trader on the trading implementation team, according to Russell spokesman Steve Claiborne.
Lisa Jones joined Eaton Vance Management as head of institutional, according to Meg Pier, a spokeswoman for the company. Ms. Jones replaces Walker Martin, who retired. She was president of the institutional division at MFS Investment Management, which she left in July 2004. She was replaced by Carol Jeremiah, who has been with the firm since 1984 and is now president of both MFS Institutional Advisors and MFS Retirement Services, according to David Oliveri, an MFS spokesman.
Kelly Weller joined National City Investment Management as director, institutional sales, and Ayesha Bobbitt joined as vice president of consultant relations, said spokeswoman Kelly Wagner. Both are new positions. Mr. Weller was vice president and sales director of JPMorgan Asset Management; Jacqueline Neere, spokeswoman at JPMorgan, could not provide information on a replacement by press time. Ms. Bobbitt was director and head of the RFP team at UBS Global Asset Management; she left UBS last fall as part of a departmental reorganization and her duties were absorbed by the existing team, said Peter Casey, UBS spokesman. National City has $26.7 billion in assets under management.
John C. Wilcox was named senior vice president and head of corporate governance of TIAA-CREF. He will oversee the corporate governance program, including "monitoring the governance practices at companies in which TIAA-CREF invests, and assuring that TIAA-CREF's own governing practices measure up to the standards the company advocates for its portfolio companies," according to a TIAA-CREF statement. He will report to George Madison, executive vice president and general counsel. Mr. Wilcox succeeds Peter Clapman, who is retiring but will continue to advise the company during the transition. The corporate governance team Mr. Wilcox will lead includes Linda Scott, director-corporate governance, and Hye-Won Choi, director-corporate governance and senior counsel. Mr. Wilcox was vice chairman of Georgeson Shareholder Communications.
Greg Jenner was named executive vice president of taxes and retirement at the American Council of Life Insurers, Washington. It is a new position. Mr. Jenner was assistant treasury secretary of tax policy until Dec. 31. He has not yet been replaced, according to Taylor Griffin, a Treasury Department spokesman.