Gavin Dobson was named managing director of global equity strategy at OppenheimerFunds, said Jeaneen Pisarra, spokeswoman. It is a new position. Mr. Dobson will focus on business and product development as well as marketing the company's global and international equity strategies. He will report to George Evans, director of international equities. Mr. Dobson founded Blairlogie Capital Management in 1992. When the international equity firm was sold to Britannic Asset Management International in 2001, Mr. Dobson became president of Britannic and managed the company's global business development network until 2004.
The Houston Firefighters' Relief & Retirement Fund named Christopher Gonzales acting executive director after the board of trustees terminated Executive Director Max Patterson, according to Jonathan Needle, general counsel of the $2.8 billion fund. Mr. Gonzales is the fund's CIO and is retaining that position. "The board felt they wanted to move in a different direction," Mr. Needle said in an interview. "The board is looking for a stronger role in policy-making and overall policy." He said the board has offered the executive director position to current board Chairman Donny R. Myers, who has been on the board since 1991. "Donny Myers is well acquainted with political leaders in Houston," Mr. Needle said. "And being a firefighter himself, he knows our benefits backwards and forwards." Mr. Needle said that at the Nov. 10 board meeting, Mr. Myers recused himself from the board discussion about a successor to Mr. Patterson. If Mr. Myers accepts the position, he would retire as an active firefighter and give up the chairman's post. Mr. Needle said the earliest Mr. Myers could step into the executive director role would be early December. The board did not consider searching outside the fund for a new executive director, Mr. Needle said. "Donny is so well known by board members and his capabilities are so well known by (fund) members that they sought Donny as a first recourse," Mr. Needle said. "The question of a search would only come up if something else happened." Mr. Patterson could not be reached for comment.
William M. Sexton resigned as CEO of Refco Inc., according to a company news release. Mr. Sexton, the former COO who assumed CEO responsibilities upon the departure of Phillip Bennett in October, will be temporarily replaced by Robert N. Dangremond. Mr. Dangremond is the managing director of AlixPartners, the turnaround firm hired by Refco to oversee its Chapter 11 bankruptcy filing. When Refco filed for bankruptcy last month, Mr. Dangremond was appointed as chief restructuring officer. Last week, Refco agreed to sell its regulated commodity futures business to Man Group for $282 million in cash and $41 million in assumed liabilities.
Fernando Ribeiro will be head of investments at F&C Asset Management, effective immediately, confirmed Deborah James, F&C spokeswoman. The position was created as part of the firm's reorganization of its investment division; the head of investments position replaces the previous function of CIO and includes a larger business management role, Ms. James said. Tony Broccardo, CIO, will leave the company in the "next few weeks" and is helping with the transition. Ms. James could not say whether Mr. Broccardo was considered for the head of investments position, noting only the two individuals have different "skill sets." Further information regarding Mr. Broccardo was not immediately available. Mr. Ribeiro was managing director-head of alternative investments and insurance at F&C, and he will continue handling those responsibilities until he appoints a replacement, Ms. James said. There is no timetable for naming a replacement.