Agustin J. Fleites will join ProFund Advisors as CIO and leader of the...

Agustin J. Fleites will join ProFund Advisors as CIO and leader of the firm's exchange-traded fund initiatives, effective Aug. 29, said spokesman Tucker Hewes. William E. Seale, principal and chief economist who also held the CIO position, will work closely with Mr. Fleites, according to a news release. Mr. Fleites was a senior principal with State Street Global Advisors, where he oversaw the distribution and management of the firm's registered mutual funds, ETFs and managed accounts businesses. Greg Ehret and James Ross, co-heads of the Advisor Strategies Group, replaced Mr. Fleites at SSgA, said Arlene Roberts, spokeswoman. Mr. Ehret focuses on distribution, Mr. Ross on product management. ProFund advises the ProFunds family of index-based mutual funds, which has $7 billion in assets under management, Mr. Hewes said.

Douglas Steele joined MassMutual Financial Group as an investment consultant, responsible for selecting and monitoring subadvisers for a segment of the firm's overall investment platform, said spokeswoman Lisa K. Reilly. It is a new position. Mr. Steele was briefly a consultant in the Boston office of Shields Associates after leaving as director at CRA RogersCasey in April. Bruce L. Graham, president of Shields Associates, said his firm will continue to add staff this year.

Serena Ho and Eric Wheeler joined PG&E Corp. as senior financial analysts, said Peter Corippo, director of investments & benefit finance. They replace Ray Venner, who joined the $197.5 billion California Public Employees' Retirement System, Sacramento, in April as investment manager for asset allocation/risk management, and Carolyn Margiotti, who joined Robeco Investment Management as a senior vice president in July. Ms. Ho was a senior accounting analyst in PG&E's corporate accounting department, and Mr. Wheeler was a market maker at the Pacific Stock Exchange. PG&E has $14 billion in retirement assets.