Dominic Clermont joined the C$164.7 billion (US$138 billion) Caisse de Depot et placement du Quebec, Montreal, as vice president-quantitative strategies, said Lucie Freniere, spokeswoman. It is a new position. Mr. Clermont will be responsible for developing a diversified portfolio based on quantitative absolute-return strategies with low correlation to the stock and bond markets. He will report to Christian Pestre, executive vice president-absolute return. Mr. Clermont was managing director-quantitative strategies at TD Asset Management. Kelly Hechler, TD Asset Management spokeswoman, was unable to comment on the status of Mr. Clermont's former position by press time.
Peter Jacobs was hired by Northern Trust Global Investments as senior investment product manager for its mutual funds and managed accounts, a new position. Mr. Jacobs will be responsible for coming up with new ideas for products, as well as serving as a bridge between the firm's portfolio managers and its clients, said Christine Harmon, an NTGI spokeswoman. Mr. Jacobs was director of product management at Deutsche Asset Management. Rohini Pragasam, a DeAM spokeswoman, did not return calls asking about Mr. Jacobs' replacement by press time.
Michael Krautzberger was appointed head of European aggregate fixed income at Merrill Lynch Investment Managers. It is a new position. He was head of European bonds at Union Investment in Frankfurt. He left the firm this month and was temporarily replaced by Joerg Warncke, according to a spokesman for Union Investment.
Andrew Garffer joined LCG Associates as a consultant, said Lauren Cangelosi, marketing director. It is a new position. The team, which now comprises 12 consultants, was expanded because of the firm's growing client base, Ms. Cangelosi said. Mr. Garffer will report to Edward Johnson, president and CEO. Mr. Garffer was an investment analyst with Callan Associates. Deanne Christopulos, Callan spokeswoman, did not return a call seeking comment by press time.