Charnel Benner was named retirement administrator at the $1.1 billion Marin County Employees Retirement Association, San Rafael, Calif., effective Aug. 1. Ms. Benner will replace Norman Klein, who retired in January for health reasons. She was retirement plans administrator at the $303 million Greenwich (Conn.) Retirement System. Maureen Kast, director of human resources, said Greenwich will begin looking for a replacement for Ms. Benner soon. James Lavin, administrative coordinator with the Town of Greenwich, is the acting administrator. The search is being conducted internally.
Ellen Philbin was named executive director of the $65 million Falmouth (Mass.) Contributory Retirement System, said Kevin Blanchette, deputy executive director of the Public Employees Retirement Administration Commission, which oversees Massachusetts' 106 public pension systems. Ms. Philbin replaces Margaret Correllus, who resigned in March. Details of Ms. Correllus' resignation could not be learned by press time.
Simon Fraser, the chief investment officer of Fidelity International, will become president of the company's U.K. and European institutional business, effective Sept. 1, according to a news release. David Stewart, the previous head of institutional business, left Fidelity last month to join hedge fund firm Odey Asset Management, but the role Mr. Fraser is taking on will be broader, including development of Fidelity International's multimanager investment and business capabilities as well as all aspects of the firm's new fund and product development strategy, said spokesman Richard Miles. Michael Gordon, Fidelity International's Hong Kong-based CIO for Southeast Asia, will come to London to assume Mr. Fraser's position as CIO. Kathryn Matthews, currently head of Fidelity International's portfolio strategies group and global equities team, will take Mr. Gordon's position in Hong Kong. Ms. Matthews' colleagues in London will assume her current responsibilities, said Mr. Miles.
Carl Bang was named managing director and head of Canadian business and operations at State Street Global Advisors. He replaced Jean Dumoulin, who left SSgA last month "to pursue other interests," according to a news release. Mr. Bang, based in Montreal, said he will focus on expanding the firm's core strategies for the Canadian institutional marketplace. He added that SSgA will introduce a new active fixed-income strategy in the next six months and plans to launch more active fixed-income and equity strategies in the future. SSgA will also launch a new Canadian long-short hedge fund strategy, he said. Mr. Bang will report directly to Otello Sturino, SSgA's chief administration officer and head of operations, and Jean-Francois Courville, country head for State Street Corp. in Canada. Mr. Bang was the firm's head of fixed income and asset allocation. Mr. Bang's responsibilities will be assumed by Gregory Chrispin, who was named SSgA's Canadian CIO, a new position, according to spokesman Brian Willinsky. Mr. Chrispin had been the head of all equity strategies in Canada, and he will now assume responsibilities for fixed income as well.
Steve Oristaglio joined Gottex Fund Management as senior managing director, according to a news release from the firm. Mr. Oristaglio, former senior managing director and head of investments at Putnam Investments, will be the chief executive officer of structured products for Gottex Funds, a hedge fund manager with $5 billion in global assets under management.
Neither Mr. Oristaglio nor Richard Leibovitch, Gottex Funds senior managing director and head of North American business, were available for comment. Putnam named Kevin Cronin as head of investments in late February, following the announcement of Mr. Oristaglio's retirement from the firm.