Lisa Mazzocco was named CIO of the $31 billion Los Angeles County Employees' Retirement Association, Pasadena, Calif., said Marsha Richter, CEO. Ms. Mazzocco had been acting CIO since March, when Kenneth L. Shaffer retired. Separately, the association later this month expects to issue an RFP for a CEO to replace Ms. Richter, who said she will retire in October 2006. The board is expected to develop a search process to fill the post at the Sept. 14 board meeting.
Madeline Forrester was named head of U.K. institutional business at Threadneedle Investments, said Richard Eats, spokesman. She will oversee Threadneedle's growing team of investment specialists and sales and consultant relationships, as well as the RFP team. Ms. Forrester was Threadneedle's head of insurance asset management, said Mr. Eats. She will retain some of her previous responsibilities, but Threadneedle will hire a fixed-income specialist who will report to her. Ms. Forrester replaces Mark Stanley, who has decided to move to another firm, according to a Threadneedle press release. Efforts to reach Mr. Stanley were unsuccessful.
Reynolds Williams was elected chairman of the $25 billion South Carolina Retirement System's new investment commission, according to Michael Sponhour, spokesman. Mr. Williams, an attorney with the Florence, S.C.-based law firm of Wilcox, Buyck & Williams, was elected at the commission's first meeting, held yesterday. The commission was created under state retirement laws that went into effect July 1; it will assume responsibility for the Columbia-based system's investments Oct. 1. The investment commission has only held "general discussions" about the process behind hiring a CIO for the fund, Mr. Sponhour said.