Kevin Huber was chosen as executive director of the $10.8 billion Chicago Public School Teachers Pension and Retirement Fund, pending contract negotiations, said Patricia A. Townsend Knazze, president. The board could make a decision on the contract at its June 21 meeting, Ms. Knazze said. He would replace Michael J. Nehf, who left the fund at the end of 2004 to become executive director of the $14.2 billion Georgia Employees' Retirement System, Atlanta. Mr. Huber is CFO and served as acting executive director since Mr. Nehf's departure. Ms. Knazze declined to comment about how the CFO position would be filled.
Merced (Calif.) County Retirement Association will begin a new search for a retirement administrator, said LeRoy Gilsdorf, chairman. The board had been negotiating with a finalist but she withdrew her application, Mr. Gilsdorf said. He declined to identify the candidate and could not say why she took herself out of contention. Mr. Gilsdorf said the county's human resources department will conduct the search; he could not provide a timetable. The $413 million pension fund has been searching for a permanent retirement administrator since Richard Stensrud left in September, Mr. Gilsdorf said. Nancy Havens, Merced County assistant executive officer, is the interim administrator. Mr. Stensrud is now CEO of the $4.5 billion Sacramento (Calif.) County Employees' Retirement System.
Jeffrey Blanchard was hired by JPMorgan Chase as vice president in charge of development for North American transition management business, according to Kevin Byrne, vice president and head of North American transition management. It is a new position. "Jeff will be making sure all clients JPMorgan touches are well versed in the services JPMorgan can provide in transition management," Mr. Byrne said in an interview. "The business has been growing and we need more people." Mr. Blanchard had been global director of transition management at Northern Trust Corp., a position he left in June 2004. He was replaced by Kevin Hardy.
Paul Zemsky was hired by ING Investment Management as head of derivative strategies, a new position, according to Tracey Gordon, spokeswoman. He will oversee derivative strategies for credit, interest rates and equity products and will support product development and risk management for proprietary and third-party businesses. Mr. Zemsky previously worked at JPMorgan Investment Management. Information on his duties and replacement were not available by press time.
Murray Jardine joined Sarofim Realty Advisors as senior acquisitions associate, said Linda Burkhead, communications director. It is a new position. Mr. Jardine was vice president at Highgate Holdings, a real estate investment firm. Mahmood Khimji, Highgate executive vice president, did not return calls for comment on a replacement.