Loren Starr, chief financial officer and senior vice president at Janus Capital Group, resigned effective June 29 and will be succeeded by David Martin, who was hired earlier in June as executive vice president of finance, according to an 8-K filing. Mr. Starr left Janus to pursue other opportunities, said Shelley Peterson, spokeswoman. She had no further information. Under the terms of a transition agreement between Mr. Starr and Janus, the former CFO will collect a $3.2 million severance payment as well as other benefits, the filing said.
Mr. Martin will be principal financial officer and report to Janus Chairman and CEO Steven Scheid, the filing said.
John Cole was named director of domestic growth equity investments at Northern Trust Global Investments. He will oversee the firm's team of 10 growth equity portfolio managers, reporting to CIO Orie Dudley. Mr. Cole said he is replacing John Leo, who became senior vice president in the firm's private client unit. Mr. Cole was managing director and COO of Lincoln Equity Management, which shut down at the end of 2004.
International Paper Co., Stamford, Conn., is searching for a person to oversee its $6.7 billion defined benefit plan's alternative investment portfolio, said Robert Hunkeler, vice president of investments. It is a new position. The company wants someone with expertise in evaluating hedge funds and derivatives transactions for the $270 million alternatives portfolio. There is no timeframe for making a selection, and the search is being handled internally. "We're open to the possibility of using an executive recruiter, but right now we're searching through other means," he said.
Jeremy Shor returned to Brown Brothers Harriman as a vice president and leader of a new four-person structured products group. Mr. Shor was vice president and head of quantitative research at Fiduciary Trust and previously had been a member of the BBH Quantitative Research Group. While Mr. Shor's position is new, other members of Mr. Shor's team transferred from other parts of the firm's institutional fixed-income group, said John Nelson, managing director in charge of institutional fixed-income relationship management. In addition, Idanna Appio joined BBH as vice president and emerging markets analyst on the firm's global fixed-income team, a new position. She had been an economic specialist at the Federal Reserve Bank of New York. Also, William P. Enright joined the firm as senior vice president, charged with consultant relations, a new position. Mr. Enright Lazard Asset ManagementLazard Asset Management, and had previously led Towers Perrin's New York investment consulting practice. Fiduciary Trust spokesman William Weeks said the firm is "down to a short list of candidates" for Mr. Shor's position. Rich Silverman, spokesman at Lazard, did not return calls asking for comment by press time.
Carolyn M. Margiotti joined Robeco Investment Management as a senior vice president, said Davis Clayson, managing director and head of client service. Ms. Margiotti is based in the firm's Greenbrae, Calif., office and reports to Mr. Clayson. She will work with West Coast-based clients of Robeco subsidiaries Boston Partners and Weiss Peck & Greer; Robeco added the position to better serve "an existing and growing client base on the West Coast," he said. Ms. Margiotti is also a member of Robeco Investment Management's relationship management team. Ms. Margiotti was manager-investments and benefit finance at PG&E Corp., San Francisco. Peter K. Corippo, director-investments & benefit finance at PG&E, is temporarily handling Ms. Margiotti's previous responsibilities. He said company officials hope to hire a replacement soon.
Scott Craven Jones was named executive vice president and chief administrative officer at Calamos Asset Management, responsible for strategic planning. The position is new. He was managing director, strategic development, at Northern Trust Global Investments and global COO for NTGI's quantitative and passive asset management units. Christine Harmon, a spokeswoman for NTGI, said the firm is reviewing its options regarding his successor.
Tony Archer was named a managing director and head of Asia-Pacific business at Morgan Stanley Investment Management, based in Hong Kong. It is a new position, said New York-based MSIM spokesman Chad Peterson. Mr. Archer will spearhead expansion into new markets such as China and India, and will oversee existing sales, distribution and operations activities in the region.
Mr. Archer was director for Australia and New Zealand for AXA Rosenberg Management (Asia Pacific). Nicholas Smith will take over as head of business development in Australia; he will retain his position as head of marketing and sales for the region. Doug Burton, head of client service for AXA Rosenberg Investment Management LLC (Americas), will relocate to Sydney and assume the new position of director of investments for Australia/New Zealand.
Clayton Jue, practice leader of Northern Trust Global Advisors' emerging/minority manager-of-managers program, is resigning his post to start his own manager-of-managers operation, said Christine Harmon, Northern Trust spokeswoman. Mr. Jue, who works in the firm's San Francisco office, will leave July 8. He did not return a call seeking comment.
Robert Furnari, director of portfolio management in Northern Trust's Stamford, Conn., office, was named interim director while the firm searches for a replacement, Ms. Harmon said. Mr. Jue's replacement will be based in Stamford, she said.
Raphael "Ray" Edelman was promoted to co-CIO of RCM's U.S. large-cap core growth equities team, effective July 1, said Jennifer Callahan, spokeswoman. He shares the role with Joanne Howard. It is a new position. Mr. Edelman will also retain his role as senior portfolio manager on the large-cap core growth equities team. RCM has $111.8 billion in worldwide assets under management.
Frank Ho will manage a new office in Hong Kong for Gartmore Group as part of the firm's strategy to build its proprietary research operations, according to a news release. Mr. Ho, who has been a senior tech strategist on Gartmore's Pacific and Emerging Markets team in Tokyo, will concentrate on identifying new technology-sector investment opportunities for other organizations within the Gartmore Group companies. Mr. Ho was not available for comment.
Suzanne Moran was hired as head of the U.S. structured bond management at Halbis Partners, HSBC's new investment unit, said HSBC spokesman Stephen Cohen. Ms. Moran's position is new and part of Halbis Partners' expansion in the U.S. She will also co-manage the firm's U.S. core and core-plus fixed-income operations with Jeffrey Klein, who joined Halbis earlier this year from Dodge & Cox, where he was a senior portfolio manager responsible for credit strategy. Ms. Moran will report to Gregg Diliberto, global head of fixed income at Halbis, according to Mr. Cohen. Ms. Moran worked for Credit Suisse Asset Management for 19 years, most recently as managing director responsible for cash and short-duration strategies. Ms. Moran is the latest CSAM portfolio manager to join Halbis Partners, which earlier this year hired a team of seven CSAM high-yield professionals, led by managing director Richard Lindquist. Mr. Diliberto was not available for comment.
Vivek Paul joined Texas Pacific Group June 30 as partner in the venture funds area, specializing in technology and life sciences. Mr. Paul was vice chairman of Wipro Ltd., a large Indian information technology and outsourcing company. Mr. Paul will work with executives of Texas Pacific Group and its Asian affiliate, Newbridge Capital, which jointly manage about $70 billion in revenue.
Jean Spanjersberg, an executive director with NIB Capital in The Hague, was named head of the bank's London-based collateralized loan obligations group. It is a new position. Mr. Spanjersberg was head of NIBC's loan and portfolio management team, and his replacement has yet to be named. In addition, Herman Guelovani joined NIBC as head of portfolio management for the firm's collateralized debt obligations and other funds with exposure to the loan asset class, said Mr. Spanjersberg. Mr. Guelovani replaces Jonathan Butler, who left recently to help launch Prudential Fixed Income's CLO operations in Europe. Mr. Guelovani was a portfolio manager and seniINGcredit analyst with ING Capital Management. In April, Highland Capital Management acquired ING Capital Management from the ING Group; Highland executives could not be reached to comment on aINGManagement acquired ING CapitINGManagement from the ING Group; Highland executives could not be reached to comment on a replacement.
Stephen M. Cutler, who left the Securities and Exchange Commission as enforcement director in mid-April, returned to Wilmer Cutler Hale and Dorr, a law firm. Mr. Cutler was named as co-chair of the firm's securities law practice on June 29 and will be based in its Washington office. He will rejoined the firm in the fall. "My time with the SEC was extraordinary, and I learned a great deal that I hope to bring with me," Mr. Cutler said in a statement.
Jonathan Butler, Michiel Von Saher and Fabrizio Marchesi will join Prudential Fixed Income as the asset manager's new European bank loan team, said spokeswoman Theresa Miller. Mr. Butler will be a principal and portfolio manager. Mr. Von Saher will be a vice president and Mr. Marchesi, a senior associate, and both will be senior credit analysts, focusing on European leveraged loans. All three positions are new, and Messrs. Butler, Von Saher and Marchesi will be based in London. In a news release, Prudential called its bank loan business in London a "first step toward building a broader, European-based fixed income strategy." The three previously worked at NIB Capital in London, where Mr. Butler headed the firm's collateralized loan obligations group. NIB spokeswoman Susan Terwisscha Zan Scheltinga said information on replacements wasn't immediately available.
Ciaran O'Neill left Bank of Ireland Asset Management last month, roughly two months after joining the firm as a director, said Bernadette Godley, Bank of Ireland Asset Management spokeswoman. Mr. O'Neill had been part of a team responsible for managing global equities. Ms. Godley said he left the firm for personal reasons and "on good terms," but she could not comment further on his plans. Mr. O'Neill joined Bank of Ireland Asset Management in April as one of six external appointments following the September departures of several asset managers who joined PI Investment Management. Bank of Ireland Asset Management officials will begin searching for Mr. O'Neill's replacement, Ms. Godley said. She could not say who is handling his responsibilities in the interim. Prior to joining Bank of Ireland Asset Management, Mr. O'Neill had been a portfolio manager with Fidelity Investments.
Jeffrey Sutton joined UBS Global Asset Management as director of manager research in the firm's global investment solutions group, according to a news release. It is a new position. Mr. Sutton will be responsible for the manager selection and due diligence for the UBS Pace Select Fund Family, which has $5.8 billion in assets under management, and he will manage a team of three analysts, said UBS spokesman Peter Casey. Mr. Sutton will report to Mabel Lung, managing director. Mr. Sutton was a vice president and senior investment analyst at with Northern Trust Global Advisors. Northern Trust spokeswoman Christine Harmon did not return calls seeking comment on Mr. Sutton's replacement.
Samantha Burden was hired as a research analyst by Merrill Lynch Investment Managers' global equity team, according to spokeswoman Annabel Tuck. Ms. Burden will be responsible for investments in the global retail sector, a new position in the 10-member group. Ms. Burden will report to Ian Rowley, MLIM's head of global equity. She was a fund manager at M&G Investment Management. Asmita Kapadia, spokeswoman for M&G, did not respond to requests for information on Ms. Burden's replacement.
John Randall joined Principal Financial Group as vice president of sales in the firm's Seattle office. Terri Shell, a spokeswoman, declined to say whom Mr. Randall replaced. He was vice president and regional sales director for Prudential Retirement. Prudential spokesman Michael Hanretta didn't return phone calls requesting information about a replacement by press time.
Frank G. Angella and Christopher E. Yang were promoted to general partners from principals at Grove Street Advisors, said Elizabeth Fogerty, spokeswoman. Both are new positions. Grove Street is a private equity advisory firm with $3 billion under management. Clients include $186 billion California Public Employees' Retirement System, Sacramento, and the $46.1 billion Oregon Public Employees Retirement FunOregon Public Employees Retirement Fundillion Oregon Public Employees Retirement Fund, Salem.
Christine Burns-Patti was hired as vice president of institutional sales at hedge fund-of-funds firm DKR Capital, said a source knowledgeable of the situation. Calls to Ms. Burns-Patti at DKR's offices were not returned; a DKR staffer confirmed Ms. Burns-Patti had been hired but could not offer further details. Ms. Burns-Patti was a vice president of marketing and sales at Credit Suisse Asset Management, and priorSchroder Investment ManagementSchroder Investment Management North America. Suzanne Fleming, a CSAM spokeswoman, said Ms. Burns-Patti left the firm in March