Anthony Johnson resigned as chief investment officer of the Philadelphia Board of Pensions and Retirement, according to a letter he sent to the $4.2 billion fund's money managers. In the letter, Mr. Johnson said he has accepted a position with Franklin Park Associates, a private equity consulting firm. Neither Mr. Johnson nor Bradley Atkins, Franklin Park's CEO, could be reached for further details. Christopher McDonough, investment officer, will serve as acting CIO; Mr. McDonough said he will handle Mr. Johnson's responsibilities pending the outcome of a search for a new CIO.
Tom Kliphuis was named global head of pensions for ING Group and chief executive officer of ING Central Europe Insurance. He is replacing Jan Nijssen, who will leave the firm Dec. 31, confirmed ING spokesman Peter Jong.
Mr. Kliphuis is currently the chief executive of ING Chile; a replacement has yet to be named. Mr. Nijssen has not decided what he will do after leaving ING, which he joined in 1978, Mr. Jong said.
Mr. Nijssen said that having established ING as the leader in pensions and insurance "was a good milestone" for him to step down. "I also felt some desire for change," he said in an interview. "At this time, I'm ready for a real break — a number of months in order to free myself up to do something completely different. I'm open to new opportunities."
Carol Kontor will resign from her post as state investment officer at the Nebraska Investment Council, Lincoln, said Gail Werner-Robertson, chairwoman. Ms. Kontor will remain in her role until officials at the $10.8 billion council name her replacement; she has agreed to stay until May 31, if necessary. Ms. Werner-Robertson said she believes Ms. Kontor wants to spend more time with family, adding, "No one wants to see her go." An investment committee will recommend a replacement, who will require Gov. Dave Heineman's approval. There isn't a specific timetable for naming a replacement, but Ms. Werner-Robertson said she would be "nervous" if the investment committee hasn't narrowed the search down to finalists by February. Ms. Kontor said the resignation was a "difficult decision" and it is not a result of any disagreement.
Jennifer A. Pline was named vice president of trusts of Harvard Management Co., effective Sept. 1, according to a Harvard Management announcement. She will oversee approximately $1.2 billion in trust assets, as well as non-cash donations to Harvard University. She was most recently director of client services at Standish Mellon Asset Management. No information was available on whether she was replaced or whom she is replacing. Harvard Management manages about $21 billion in endowment and other funds for Harvard University, Cambridge.
Joseph LoCicero was named chief executive officer of The Segal Group Inc., effective Oct. 11. He succeeds Howard Fluhr, who is becoming the firm's chairman, said Mary Feldman, spokeswoman. Current Chairman Robert D. Krinsky will become chairman emeritus. Mr. LoCicero is an actuary; he was president and CEO of Buck Consultants before he retired in 2003 after more than 30 years at the firm. He has spent the past two years as an independent consultant, said Ms. Feldman. Segal Group is parent of consultant Segal Advisors and actuary firm Segal Co.
John Siciliano was named chief executive officer of BKF Capital Group, replacing John Levin, who announced in August he would be stepping down. "This is an exciting opportunity," Mr. Siciliano said in an interview. Mr. Siciliano will receive the major portion of his compensation in the form of "equity rewards" under terms of his four-year agreement with the company, according to a news release. He will also join BKF's board of directors. Mr. Siciliano had been at Dimensional Fund Advisors, working on projects with CEO David Booth following the reorganization of the firm's institutional sales business earlier this year. Before that, he was DFA's director of global institutional services.
Martin G. McGuinn, chairman and chief executive officer of Mellon Financial, announced that he will retire next year, said Mellon spokesman Ken Herz. Mellon's board of directors retained executive recruiting firm Heidrick & Struggles to search for a replacement, Mr. Herz said. There is no timeframe for when the search would be completed, although ideally, a new CEO will be named before Mr. McGuinn retires, he said.
Robert Dow, managing partner and chief investment officer of Lord Abbett, relinquished his CIO duties "to focus principally on the operations and administrative side of the business," said spokesman Jason Farago. Robert Morris, partner and director of equity investments, will become Lord Abbett's new CIO. The moves are part of the firm's organizational restructuring. Daniel E. Carper announced his retirement as a partner and director of retail sales and marketing, and Lord Abbett will integrate its retail and institutional sales, marketing and client services efforts. Daria Foster, principal and director of the firm's institutional marketing and client services, will become senior director of all Lord Abbett sales and marketing functions. Paul McNamara, director of defined contribution sales and marketing, will assume Ms. Foster's position as the head of institutional sales and client service. Mr. McNamara will maintain his responsibilities for the defined contribution post and will report to Ms. Foster.
Richard Schmidt resigned as lead portfolio manager for JPMorgan Asset Management's global emerging markets strategies. Portfolio manager Gregory Mattiko, who has worked on the global emerging markets team for two years, replaced him.
Michael Welsh resigned Sept. 30 as co-portfolio manager for Oakmark International and Global funds, and will retire from Harris Associates, adviser to the Oakmark funds, in January 2006. David Herro, co-portfolio manager of the Oakmark International Fund, will be portfolio manager of the fund. Robert Taylor, director of international research, will become co-portfolio manager of the Oakmark Global Fund, joining co-manager Clyde McGregor.
L. Jane Hamblen was named chief legal counsel of the $75 billion State of Wisconsin Investment Board, Madison, effective Oct. 17. She replaces Keith L. Johnson, who left in August to start Pension Fund Alliance Consulting Group and serve as director of a new University of Wisconsin international corporate governance initiative. Ms. Hamblen was assistant attorney general for investments and employee benefits for Wisconsin's Department of Justice, where she acted as primary legal adviser to both SWIB and the board of the Department of Employee Trust Funds, which administers state retirement programs.
Jeff Giller joined Liquid Realty Partners as managing partner and CIO. It is a new position. Mr. Giller was a partner at Somera Capital Management, where he managed a value-added real estate private equity fund, he said. Tom Hester, Somera CFO, will run the $130 million fund and Mr. Giller will not be replaced, Mr. Hester said.
Ezra Zask joined Azimuth Trust Management as managing director and director of business development. It is a new position. Mr. Zask will develop institutional hedge funds of funds strategies for Azimuth, which has about $250 million under management. Mr. Zask left Ibbotson Associates in August; he was director of the hedge fund advisory group.
Ronald E. Robison was named president of funds for Van Kampen Asset Management, according to spokesman Chad Peterson. Mr. Robison, who had been the executive vice president of funds in the Van Kampen fund family, replaces Mitchell M. Merin. Van Kampen Investments is owned by Morgan Stanley, and Mr. Merin announced he was retiring from his position as president and COO of Morgan Stanley Investment Management. How Mr. Robison's former responsibilities will be handled has not been determined, said Mr. Peterson.
Christopher T. Daniel joined Praesidian Capital Investors as managing director. It is a new position. He will head the firm's new office in Los Angeles and will be involved in transaction origination, finding investments and portfolio management for Praesidian, which provides mezzanine debt to middle-market companies, said Dan Jacobs, a spokesman. Mr. Daniel was a portfolio manager for a family office, which Mr. Jacobs declined to name.
Emeric Challier will join AXA Investment Managers Oct. 18 as head of fixed income, according to a news release issued by the firm. He will replace Vincent Cornet, who left "to pursue other career opportunities," according to the release. Zaman Toleafoa, an AXA Investment Managers spokesman, was unable to comment by press time. Mr. Challier will be responsible for the firm's fixed-income teams in Paris and Frankfurt and its credit research and portfolio engineering group. He will be based in Paris and will report to Robert Kyprianou, head of securities investment management. Mr. Challier was CIO of euro fixed-income at Fortis Investments. Officials at Fortis were unavailable for comment.
Joseph Moody was named head of liability-driven investing for State Street Global Advisors' global asset allocation group, according to a news release. It is a new position. Mr. Moody, who was a senior investment manager in the fixed-income group, continues to report to Rick Lacaille, CIO for SSgA in Europe. Mr. Moody oversees the management and development of liability-driven investing strategies for SSgA's institutional clients. The strategy "presents an alternative to conventional static benchmarks by structuring an asset allocation that closely matches expected investment returns with the liabilities of an individual pension scheme," according to the release. SSgA officials are searching for someone to fill the fixed-income senior investment manager post and hope to make a selection in the next four to six weeks, Mr. Moody said. Other members of the fixed-income team are handling the responsibilities in the interim.
Susan Hirsch joined TIAA-CREF as a managing director on its $11 billion large-cap growth equity team, according to a company statement. It is a new position, created to help manage the large amount of assets, the statement said. Ms. Hirsch will work with Greg Luttrell, managing director, who took over the portfolios in 2003. She will report to Bill Riegel, head of global equity portfolio management. Ms. Hirsch was executive vice president for midcap growth equity and manager of the technology sector fund at Jennison Associates. Jennison officials couldn't be reached to comment on how she will be replaced.
Robert A. Unger, a veteran equity manager in Columbia Management's Portland office, will retire from the firm, and Jeffrey L. Rippey, a high-yield bond manager, is leaving, said spokesman Tom Gariepy. Emil Gjester, who has been co-manager of the Columbia Strategic Investor, Columbia Young Investor and CMG Strategic Equity funds with Mr. Unger, will become the sole manager of those funds. The three high-yield funds Mr. Rippey managed with Kurt Havnaer — Columbia High Yield, Columbia High Yield Variable Securities and CMB High Yield— will now be managed by Columbia's Boston-based high-yield team: Stephen Peacher, CIO of taxable fixed income, and portfolio managers Kevin Cronk and Thomas LaPointe. Mr. Gariepy said. Mr. Havnaer will remain on the team in Portland in another capacity, he said.
Martin Loeser joined PRS Group as a portfolio manager in the firm's hedge fund-of-funds unit. He will report to Mark Casa, director of investments. Mr. Loeser replaces Jerry Levin, who returned to New York for family reasons, said Medon A. Michaelides, director of U.S. institutional sales at PRS, which manages about $1.5 billion in hedge funds of funds and convertible arbitrage strategies for institutional and high-net-worth clients. Mr. Loeser was a senior investment analyst at hedge fund-of-funds manager Ivy Asset Management, where he focused on emerging manager research and selection. Kevin Heine, a spokesman for Bank of New York, Ivy's parent company, was unable to provide information about Mr. Loeser's replacement by press time.
Roman Gaiser will join Threadneedle Investments Oct. 10 as a portfolio manager, running the firm's €118 million ($141.6 million) European High Yield Bond fund, said Threadneedle spokesman Richard Eats. Mr. Gaiser will report to Barrie Whitman, head of high yield; he replaced portfolio analyst Steven Harrison, who left Threadneedle to join a London-based hedge fund firm, Mr. Eats said. Mr. Eats declined to name the firm and attempts to reach Mr. Harrison were unsuccessful. Mr. Gaiser had been a fund manager at F&C Asset Management, where he worked on the high-yield team, said F&C spokesman Jason Hollands. The firm is recruiting candidates, and the high-yield team has temporarily taken over Mr. Gaiser's responsibilities.
Jeffrey T.S. MacDonagh joined Domini Social Investments as socially responsible investments portfolio manager on the team that will handle the company's new Domini European Social Equity Fund, to be launched Oct. 3. It is a new position. Mr. MacDonagh was assistant portfolio manager at Loring, Wolcott & Coolidge Fiduciary Advisors. He was replaced by Wendy Holding, a high-yield portfolio manager at Wellington Management. Anne Mahoney, Wellington vice president, declined to say how Ms. Holding would be replaced, saying Wellington officials don't disclose staffing information. Amy Domini, CEO of Domini Social Investments, is a partner in Loring, Wolcott & Coolidge.
Thomas Hoey was named an analyst on Babson Capital Management's small-cap/midcap value team, a new position, according to a news release. Mr. Hoey will report to managing director and team leader Lance James. Mr. Hoey was a senior vice president and senior analyst at Netols Asset Management, which he joined in June 2004 from Putnam Investments, where he was lead portfolio manager of the Putnam Midcap Value fund. Jeff Netols, president of Netols Asset Management, wasn't immediately available to discuss whether Mr. Hoey would be replaced.
Barry Mandinach was promoted to chief marketing officer overseeing institutional and wholesale distribution for UBS Global Asset Management, and Mary Tritley was promoted to head of institutional distribution, said spokesman Peter Casey. The two replace Victor Dodig, former CEO, who handled institutional marketing. Mr. Dodig left in April to join CIBC Wood Gundy. Previously, Mr. Mandinach was a managing director overseeing only wholesale distribution, and Ms. Tritley was managing director and head of the firm's subadvisory distribution business. Both will retain their previous responsibilities.
Keith Lum was named vice president and institutional sales manager for Gradison, a $2.3 billion investment management subsidiary of KeyCorp, according to a news release. Mr. Lum joined the firm as part of its strategy to expand its presence in the institutional community, according to the release. Forrest Wallace, spokesman for the firm, could not offer further details as of press time. Mr. Lum was the vice president of sales for Fund Evaluation Group until roughly a year ago, when the position was eliminated, said Scott Harsh, president and CEO of the Cincinnati-based consulting firm.
Andre van den Heuvel joined Merrill Lynch Investment Managers as head of institutional sales and client servicing in the Netherlands, according to an official with the firm who asked to not be identified. Mr. van den Heuvel reports to Leen Meijaard, head of the Benelux region for Merrill Lynch Investment Managers, and will be responsible for building the firm's position in the Netherlands, Belgium and Luxembourg. The position was created as a result of growing business in the Netherlands following Merrill Lynch Investment Managers' agreement earlier this year to manage $16 billion in assets for Stichting Pensioenfonds Philips, Eindhoven, according to a statement issued by Merrill Lynch Investment Managers. Philips had about $17.15 billion in Dutch pension assets as of Dec. 31, according to that company's annual report. Mr. van den Heuvel had been a director and head of marketing and sales with F&C Netherlands, a unit of F&C Asset Management. Jason Hollands, a spokesman for F&C Asset Management, could not comment on Mr. van den Heuvel's prior position by press time.
David Sandrew was named sales director for exchange-traded funds at State Street Global Advisors. The position is new. He will report to Greg Ehret, co-head of SSgA Advisor Strategies. Mr. Sandrew was a director of equity finance at Barclays Bank's Prime Services Group. "One of the reasons he complements myself and the team is that we have a lot of buy-side experience and he brings the sell-side (experience)," said Mr. Ehret. SSgA has 21 ETFs in the United States with a combined $80 billion in assets.
Deborah Harris joined ABN AMRO Asset Management as European head of consultant relationships, said Marcus Bolitho, a spokesman for the firm. She is based in London and reports to Dermot Keegan, global head of consultant relationships. ABN AMRO added the position as part of its effort to build specialist teams to work with external consultants, Mr. Bolitho said. Ms. Harris had been associate director of global consultants at Henderson Global Investors. Richard Acworth, spokesman for Henderson, said the firm will not fill Ms. Harris' prior position and "her role will be undertaken by the appropriate members" of Henderson's institutional business team.
Daniel Charles was named vice president of institutional sales at Janus Institutional Asset Management, a unit of Janus Capital Group, said Shelley Peterson, spokeswoman. It is a new position. Mr. Charles, who will be based in St. Louis, will oversee sales and relationships with corporations, endowments and foundations in the Midwest. He will report to Jack Swift, vice president and head of institutional sales. Mr. Charles was national head of sales for Bank of America Institutional Investment Solutions, working with the retirement and non-profit marketplaces. John Goldstein, spokesman for Bank of America, did not return phone calls seeking information on a replacement.
Andre du Plessis on Oct. 3 was to join Watson Wyatt Investment Consulting in England as a senior investment consultant, said Paul Deane-Williams, senior investment consultant. It is a new position. Mr. du Plessis will report to Kevin Carter, European head of investment consulting. Mr. du Plessis was chief executive of Coronation Fund Managers' institutional funds of hedge funds business in London. Ramona Glass, head of product management and client servicing at Coronation, said Mr. du Plessis was replaced by Charles Barnick.
Separately, Watson Wyatt named Leon Beukes and Luba Nikulina as investment consultants on its manager research team in the United Kingdom, Mr. Deane-Williams said. Mr. Beukes was to join the hedge fund research team Oct. 3 and also be involved in quantitative manager research. Ms. Nikulina joined the private equity and hedge fund research teams. Both positions are new, and both will report to Craig Baker, European head of manager research. Mr. Beukes was an investment consultant with Hewitt Associates. A Hewitt spokesman could not comment on the status of Mr. Beukes' position. Ms. Nikulina was an associate at Anchorage Capital Partners. Tommy Byrne, managing director at Anchorage, said there are no plans to replace her.
Brad Eden joined LCG Associates as a senior vice president working with non-profit clients including endowments and foundations, said Lauren Cangelosi, spokeswoman. It is a new position, and Mr. Eden is opening a new Cincinnati office. He reports to Edward Johnson, president and CEO. Mr. Eden had been CEO of venture capital firm Eden Capital, according to Ms. Cangelosi. She said Eden Capital ceased operating as of Sept. 1; she could not provide further details. Efforts to reach Eden Capital were unsuccessful.
Graham Mellor joined Basis Point Group as a partner, said spokeswoman Julia Tanen. Mr. Mellor will open a New York office for the investment operations performance consultant, he said. It is a new position. Mr. Mellor has been an independent consultant for three years and has held positions in London and Asia, including as managing director and COO for UBS Investment Bank in Tokyo, and that experience should fit with Basis Point Group's plans to "expand on a global basis," he added. In a news release, Bob Fawls, managing partner of the Basis Point Group, said Mr. Mellor will add depth to the firm's "risk management, operations performance, benchmarking and systems integration capabilities," in the United States as well as in Europe and Asia.
Bruce Pflug was named a managing director and head of institutional business development at HSBC Investments, according to spokesman Stephen Cohen. The position, which is new, was created to centralize the firm's institutional sales and services operations. Mr. Pflug will oversee North American sales activity for HSBC Halbis Partners and Sinopia Asset Management businesses. Mr. Pflug will be based in New York and report to HSBC Investments CEO Steve Baker. Mr. Pflug was a senior vice president with PIMCO, where he worked on the firm's consultant relations team. Mark Porterfield, PIMCO spokesman, could not be reached for comment about Mr. Pflug's replacement. Prior to joining PIMCO in October 2002, Mr. Pflug was the director of the consultant development team for Credit Suisse Asset Management.
Ben Williams-Thomas was hired by Northern Trust Corp. as vice president of custody sales for European pension funds, a new position, according to spokesman John O'Connell. Mr. Williams-Thomas was vice president of sales and marketing for Europe, Middle East and Africa at JPMorgan Investor Services. Information on his replacement was not available. Northern Trust also hired Marc Russell-Jones as vice president of sales. It is a new position, and he will focus on investment managers, particularly alternative asset managers. Mr. Russell-Jones was vice president, alternative investment services sales at Bank of New York, where he has not yet been replaced. Michael L. Slater was hired by Northern Trust as vice president, custody and asset administration sales to the Middle East and North African markets, also a new position. Mr. Slater was sales and relationship manager for the Middle East and North Africa at HSBC Institutional Fund Services. Information on a replacement was not available.
Patrick Sheedy will join hedge fund-of-funds manager Harris Alternatives as an analyst in the research group, a new position. The group "performs much of the initial and ongoing due diligence on the (hedge fund) managers in our funds," said Anita M. Nagler, chairman and CEO. Mr. Sheedy's position is part of an expansion of Harris Alernatives' research team, Ms. Nagler said. Mr. Sheedy was a senior analyst specializing in hedge funds at consultant Stratford Advisory Group. He was replaced by Lee Diamandakis, who was a growth stock analyst, said Susan McDermott, senior consultant and principal. Mr. Diamandakis will be replaced with an external candidate, Ms. McDermott said.
Willie Brown, former mayor of San Francisco, resigned Sept. 19 from the board of the $196.7 billion California Public Employees' Retirement System, Sacramento. He was replaced by Tony Oliveira, a Republican member of the Kings County Board of Supervisors, Hanford, Calif. Mr. Oliveira was appointed by Gov. Arnold Schwarzenegger. Brad Pacheco, CalPERS spokesman, could not provide further details by press time.
Jamie Kase will join ING Investment Management early this month as executive vice president and head of distribution, confirmed Tracey Gordon, ING spokeswoman. The position is new. He will be responsible for managing distribution for all of the firm's institutional and managed account businesses, and will be responsible for ING's consultant relations and client services business. Mr. Kase will report to Robert Crispin, chairman and CEO of ING. Mr. Kase was COO of Merrill Lynch Investment Managers Institutional in the Americas.
Donald R. Frank joined Argent Capital Management as director of business development, said Steve Finerty, chairman. Mr. Frank replaces John Prosperi, who left the firm on amicable terms, Mr. Finerty said, declining to say where Mr. Prosperi went. Mr. Frank reports to John Meara, president of Argent Capital. Mr. Frank was a regional director for the Midwest with SEI Investments, said Larry Wexler, an SEI spokesman. SEI officials expect to replace Mr. Frank soon, and his responsibilities were allocated among other staff in the interim.
Amit Popat joined hedge fund-of-funds manager Optimal Investment Services as senior vice president. It is a new position. Mr. Popat will be responsible for marketing the firm's strategies in the United Kingdom, Ireland and northern Europe. Optimal has focused on the private client market, and Mr. Popat's new job will be to build up the firm's institutional client base, he said. Mr. Popat was head of U.K. business development at Northern Trust Global Investments. Christine Harmon, an NTGI spokeswoman, did not return a call by press time seeking information about his replacement. Optimal also hired Rajiv Jaitly as chief risk manager, a new position. Mr. Jaitly was head of operational risk-multimanager funds at Global Asset Management. Nick Geall, who was Mr. Jaitly's assistant, replaced him, said Mary Beth Grover, spokeswoman for Global Asset. Messrs. Popat and Jaitly are based in London. Optimal, a subsidiary of Santander Asset Management, manages more than $5 billion in single- and multistrategy hedge funds and hedge funds of funds.
Steven J. Kumble, C. Kenneth Clay and Peter B. Van Raalte formed Corinthian Capital Group LLC, a leveraged buyout firm. All three had ties to Lincolnshire Management, a buyout firm. Mr. Kumble was a founder of Lincolnshire and CEO until 1998, when he became chairman emeritus. Mr. Van Raalte was senior managing director and Mr. Clay was a managing director. Lincolnshire hired PieterKodde, William Hall and James McLaughlin as managing directors. They are not direct replacements for Messrs. Kumble, Clay and Van Raalte but will take on their duties. Mr. Kodde was managing director of Rabobank International; Mr. Hall was president and CEO of Sight and Sound Distributing Co., a Lincolnshire portfolio company; and Mr. McLaughlin was a partner in the law firm of Pillsbury Winthrop. Messrs. Kumble, Clay and Van Raalte filed suit in August against Lincolnshire, claiming the firm withheld fees owed to them. Lincolnshire spokesman Alex Stanton said firm executives "believe there are numerous false allegations" and the lawsuit "is without merit." He added Lincolnshire intends to file an answer and counterclaim.
Julie White was named director of corporate governance for North Carolina Treasurer Richard H. Moore's office. The position is new. Ms. White will develop, maintain and implement corporate governance policies for the $64.9 billion North Carolina State Retirement System, Raleigh, which is overseen by Mr. Moore. Ms. White was Mr. Moore's director of communications.
Luke M. Collins was named executive vice president for new business development at ProManage, a new position, said Carl Londe, chairman and CEO. He will focus on expanding the firm's managed account business to defined contribution plans. Mr. Collins was a senior vice president and director of business and product development with JPMorgan Private Client Services. Gabrielle Gagliardo, JPMorgan spokeswoman, did not return a call by press time seeking comment on a replacement.
Andrew Cray joined Phoenix Investment Advisers as managing director and head of research and portfolio trading for the JLP Credit Opportunity Fund. Spokesman Kevin Meehan did not return a call seeking information about Mr. Cray's predecessor. Mr. Cray was a high-yield/distressed debt and equities analyst at Imperial Capital. Martin Martis, an Imperial Capital spokesman, did not return a call seeking information about Mr. Cray's replacement.
Erik Hinrichsen and Edwin Tweedy were named as senior managing directors and partners at Energy Arbitrage Management, a new energy arbitrage investment company created by M.D. Sass. The new firm will develop market-neutral equity derivative strategies, according to a news release. Mr. Hinrichsen founded his own firm, ERK Energy, a wholesale energy business, which now has closed. Mr. Tweedy was most recently an independent energy consultant.
James Kelly was named president and COO of Third Point LLC. The positions are new. Mr. Kelly oversees day-to-day operations at the hedge fund manager, as well as business development, operational and risk management, and client service, according to a statement from the company. He reports to Daniel Loeb, founder and CEO. Mr. Kelly founded hedge fund administrator International Fund Services in 1994 and sold the business to State Street Bank in 2002.
Chad M. Kilmer and Karen L. Bowie were named co-portfolio managers of US Bancorp Asset Management's First American Small Cap Value Fund, according to spokeswoman Cheryl Stone. They replace Mark Leslie, who joined William Blair as co-portfolio manager of its $326 million Value Discovery small-cap value fund. Mr. Kilmer and Ms. Bowie were equity research analysts with US Bancorp. Ms. Stone couldn't provide further details by press time.
Joseph H. Wender was named managing director at alternatives manager GSC Partners and chairman of the firm's month-old real estate investment trust, GSC Capital Corp. It is a new position. Mr. Wender will work closely with Alfred C. Eckert III, chairman and CEO, and other GSC senior executives, identifying new investment opportunities and geographic expansion, said Carl J. Crosetto, spokesman. Mr. Wender will serve on several investment committees within the structured finance unit of GSC, Mr. Crosetto said. Mr. Wender retired earlier this year from Goldman Sachs, where he was a partner specializing in mergers and banking industry transactions.
Motlatsi Mutlanyane will join Watson Wyatt as an investment consultant based in Reigate, England, early this month, said Paul Deane-Williams, senior investment consultant. Mr. Mutlanyane will focus on derivatives and other structured products as well as asset-liability modeling. The position is new. Mr. Mutlanyane was executive director of Legend Capital in South Africa, a firm he founded, said Mr. Deane-Williams. Officials at Legend Capital could not be reached by press time for comment.
Shana Mulkerin was named a consultant at Angeles Investment Advisors, said Michael Rosen, co-founder and principal. The position is new. Ms. Mulkerin's position was created because of the firm's growth. Ms. Mulkerin was a senior associate at Wilshire Associates. Kim Shepherd, Wilshire spokeswoman, said Ms. Mulkerin's responsibilities have been assumed by other staff members.
Matthew Burki, James Gentleman, Christopher Hood, Lorie Latham and Scott Wentsel were promoted to vice president at consultant Ibbotson Associates. Mr. Burki heads the firm's marketing group and was promoted from director of marketing. Mr. Gentleman heads the Western sales group and had been sales director for the West. Mr. Hood leads client relationship management for software clients and was promoted from director of key accounts. Ms. Latham manages the retirement consulting practice and was promoted to vice president-investment management services from senior consultant. All four retain their previous duties. Mr. Wentsel is now vice president-traditional and hedge funds-of-funds investment management; he had been portfolio manager in the traditional funds-of-funds group. Mr. Wentsel replaced Ezra Zask, director of the hedge fund advisory group, who left about a month ago, said Alexa Auerbach, Ibbotson spokeswoman.
Stephen E. Barber was named chief administrative officer at the PBGC. He replaces John Seal, who retired recently as the chief management officer; the position was renamed. "The recent wave of corporate pension terminations has left the PBGC responsible for the pensions of almost 1.3 million Americans and exponentially increased the agency's workload," said Bradley Belt, executive director. "Steve Barber is a seasoned federal executive who has demonstrated his ability to solve complex administrative problems under challenging circumstances. He has the right combination of skill and commitment to maintain and strengthen the PBGC's high standards of customer service and operational efficiency." Mr. Barber was director of the office of information management at the Federal Motor Carrier Safety Administration, Washington.
Mark Hemingway was named senior vice president and general counsel at CIBC Mellon, a new position, a spokeswoman confirmed. Mr. Hemingway was general counsel and corporate secretary at industrial products company Acklands-Grainger Inc. CIBC Melon is a joint venture between the Canadian Imperial Bank of Commerce and Mellon Financial, and provides global custodial and trust services in Canada.
