Steven C. Huber, CIO of the $33.7 billion Maryland State Retirement and Pension System, Baltimore, today announced his resignation. Mr. Huber said he will teach investments as an adjunct professor at Johns Hopkins University's business management program, although he hopes to return to money management. "I have given some thought to this, and with our assets being externally managed, my role is largely administrative," he said. The board of trustees will meet next week to decide how to search for a successor.
Illinois State Universities Retirement System, Champaign, is searching for a general counsel to replace Dan M. Slack, who was named executive director of the $13.7 billion system in December. Fund officials expect to accept applications for the next two or three weeks, said Mr. Slack, and he expects the board to make a decision on hiring at its March 9-10 meeting. Qualifications include five years of pension fund or related legal experience. The system isn't using an executive recruiting firm; interested parties may contact the system.
Bernard Kroll, senior portfolio manager and global head of structured equity at JPMorgan Asset Management, will take a one-year leave of absence beginning next month, confirmed spokeswoman Jacqueline Meere. Mr. Kroll will take his leave for personal reasons, said Ms. Meere. Mr. Kroll oversees the firm's U.S. structured equities, U.S. institutional quantitative research and international structured equity. Ralph Zingone will take over as the head of structured equity during Mr. Kroll's absence. Mr. Zingone, a senior U.S. structured equity portfolio manager, will report directly to Paul Quinsee, managing director and CIO of the JPMorgan's U.S. equity team. Information on who will take over the quantitative research role wasn't yet available.