John Stannard, managing director of client service at Russell Investment Group, was elected to a one-year term as chairman of the board of governors at the CFA Institute, said Kathy Valentine, CFA spokeswoman. Mr. Stannard replaces Monique E.M. Gravel, first vice president and branch manager at CIBC Wood Gundy, who will remain on the board as immediate past chairwoman for one year. Vincent Duhamel, managing director of Goldman Sachs (Asia), will serve a one-year term as vice chairman, replacing Mr. Stannard. Additionally, Alida Carcano, James E. Hollis, Stanley G. Lee, Ashvin P. Vibhakar and Thomas B. Welch were elected as governors of the board, each serving three-year terms beginning Sept. 1. Ms. Carcano is managing director for investment advisory at Credit Suisse in Switzerland; Mr. Hollis, managing director of Cutter Associates; Mr. Lee, principal and portfolio manager at David J. Greene; Mr. Vibhakar, director of the Institute for Economic Advancement at the University of Arkansas; and Mr. Welch, managing director and regional manager at Wells Capital Management
. Separately, Laurence B. Siegel, director of research in the investment division of the $11.3 billion Ford Foundation
, New York, was elected research director of the Research Foundation at the CFA Institute, effective Sept. 1. He replaces Mark P. Kritzman, managing director at Windham Capital Management
Allan Bufferd in the coming year will retire as president and CIO of MIT Investment Management Co., which oversees $10 billion in endowment and defined benefit plan assets for the Massachusetts Institute of Technology, Cambridge, said Denise Brehm, spokeswoman. He is also stepping down as MIT treasurer. Mr. Bufferd said he will stay on at MIT Investment Management until a successor is found or through the end of the coming academic year, whichever comes first. MIT will hire an executive search firm to identify candidates, he said. Susan Hockfield, MIT president, has announced that the MIT treasurer and investment functions will be split into two positions with Mr. Bufferd's retirement, Ms. Brehm said.
Fred Conley joined Genworth Financial as president and CEO of its recently formed Institutional Retirement Group, according to a news release. It is a new position. Mr. Conley was executive vice president of institutional sales at CitiStreet. Michael Bezdek, spokesman at CitiStreet, could not be reached by press time.