Gregory River joined Victory Capital Management as senior managing director and head of equities, said Robert L. Wagner, president and chief executive officer. The position is new. Mr. River was a senior vice president and head of the mutual fund advisory services unit of consultant Callan Associates. A Callan spokeswoman wasn't immediately available to discuss Mr. River's replacement.
Sharon Egilinsky was named managing director at Credit Suisse and head of strategy for the company's asset management business in the Americas, a new position, said Suzanne Fleming, spokeswoman. Ms. Egilinsky will report directly to Lawrence Haber, COO of Credit Suisse's asset management division. Ms. Egilinsky was a managing director at Citigroup, and co-head of the firm's global transition management business. Former co-head Timothy Wilkinson will now be the sole leader of transition management, said Citigroup spokeswoman Danielle Romero.
Robert Matza joined hedge fund and absolute return manager GoldenTree Asset Management as president and COO. The positions are new, said Leon Wagner, chairman and co-founder. Mr. Matza will oversee business management, administration, operations and strategic direction. "As our firm continues to grow and become more institutionalized, it is crucial that we have a strong management team in place. … Bob has had a very illustrious career on Wall Street and has distinguished himself as one of the most talented managers in the financial services business," Steven A. Tananbaum, GoldenTree CEO, CIO and co-founder, said in a statement. Mr. Matza was president and COO of Neuberger Berman until the end of October. Jeffrey B. Lane, chairman of Neuberger Berman and vice chairman of the firm's parent company, Lehman Brothers, is acting president, said Randy Whitestone, a Lehman Brothers spokesman.
Eric Wietsma joined MassMutual Retirement Services as vice president of investment services, confirmed Lisa Reilly, spokeswoman. He will be responsible for strategy, research, product development, investment reporting and treasury operations, she said. Mr. Wietsma was vice president of Hartford Life's public retirement plan business. Timothy Benedict, spokesman, did not return calls for information on a replacement.
Mariusz Mazurek joined Metropolitan West Asset Management as a portfolio manager on the firm's high-yield bond team, said Chris Scibelli, director of marketing. The position is new. Mr. Mazurek was a director at Tennenbaum Capital Partners. When asked about a replacement, Frazer Burkart, an associate with Tennenbaum Capital, said the firm doesn't discuss personnel matters.
Dean M. Rubino joined The Richcourt Group as managing director and director of manager research. He oversees research and evaluation of hedge fund managers for the hedge fund-of-funds manager, with more than $1 billion under management. Mr. Rubino replaced Pantelis Apessos, who is leaving the firm to pursue other opportunities, according to a statement from Richcourt. Mr. Rubino was partner, managing director and portfolio manager at Taylor Investment Advisors, managing 20 hedge funds of funds. He will remain an equity partner and adviser in parent Taylor Cos., according to a Richcourt statement. Mr. Rubino's duties were assumed by others, said Kevin McDonald, a partner and managing director at Taylor Investment Advisors.
Gareth Morgan was named a fund manager on F&C Asset Management's emerging markets equity team. Mr. Morgan, a Latin American equity specialist, will report to Jeff Chowdhry, head of F&C's emerging markets equities, according to a news release. Mr. Morgan was a non-Asian emerging markets portfolio manager for Shell Pension Management Services, which manages $58 billion in global pension plan assets for the Royal Dutch/Shell Group. Neither Jason Hollands, F&C spokesman, nor Henk Bonder, spokesman for Shell, were immediately available for details or comment.
Greg Kerr and Jorry Noeddekaer joined New Star Asset Management as fund managers, said spokesman Ben Robinson. Both positions are new. Mr. Kerr will be responsible for managing the U.S. equities portion on New Star's subadvisory mandates for the Family Investment and other institutional accounts. Mr. Noeddekaer will work with New Star's Asian team, focusing on emerging equity and global/European, Australasian and EAFE products, according to a news release. Mr. Kerr was a fund manager with M&G Investments. Aled Smith replaced him as manager of the M&G Global Technology Fund, said Clare Milton, a spokeswoman for M&G. Mr. Noeddekaer was a fund manager with BankInvest; a spokesman there couldn't immediately be reached for comment.
David Corkins, portfolio manager of the $4.6 billion Janus Mercury Fund, replaced Blaine Rollins as portfolio manager of the flagship $11 billion large-cap growth Janus Fund, effective Feb. 1, said spokesman Blair Johnson. Janus' research team, led by Jim Goff, director of research, assumed management of the Janus Mercury Fund. Mr. Rollins assumed management of the Janus Triton Fund, a $54 million small-cap and midcap growth fund, from Ron Sachs, who will continue to run the $800 million multicap Janus Orion Fund, according to a news release. Separately, Jonathan Coleman, portfolio manager of Janus Enterprise Fund, and David Decker, portfolio manager of the Janus Contrarian Fund, have been named co-CIOs of Janus Capital Group's U.S. equity growth and core investment disciplines, said Mr. Johnson. The positions are new, and both managers will continue to oversee their existing funds.
Nancy B. Tooke joined Eaton Vance Management as vice president and portfolio manager, said spokeswoman Meg Pier. Effective Feb. 1, Ms. Tooke will become the portfolio manager of three mutual funds — the Eaton Vance Special Equities, Small-Cap Growth and Tax-Managed Small-Cap Growth funds — while also managing separate accounts for institutional and high-net-worth clients, according to a news release. Ms. Tooke will take those responsibilities from Martha Locke, a senior Eaton Vance analyst who managed the portfolios temporarily after the previous portfolio manager, Toni Shimura, left the firm for personal reasons, said Ms. Pier. Ms. Tooke was a senior managing director and portfolio manager with ForstmannLeff Associates, according to the release. Chris Fasciano, a portfolio manager and research analyst with ForstmannLeff's small and midcap core equity team, has been promoted to senior portfolio manager, replacing Ms. Tooke, according to a statement by the company.
Paul Simpson and John Dow were hired as fund managers at Old Mutual Asset Managers (U.K.) to launch a quant-driven global equity hedge fund later this year, according to a news release. The two will report to Eoin Murray, head of quantitative strategies. Old Mutual has £4.7 billion ($8.3 billion) in total assets; it also runs about $1.8 billion in a global equity market-neutral portfolio closed to new investors. Messrs. Simpson and Dow were joint managers of a statistical arbitrage strategy at Millennium Capital, and they also previously worked together at HSBC, Rabobank and UBS. A Millennium spokesman could not be reached to comment on a replacement.
Morgan Stanley Investment Management added a team to run a quantitative hedge fund strategy. It hired Michael Feldschuh, formerly a managing director and portfolio manager at $5 billion hedge fund manager Millennium Partners, and a team of three former Millennium statisticians and computer scientists to run a "process-driven strategy," confirmed MSIM spokesman Chad Peterson. Mr. Feldschuh, whom MSIM named portfolio manager and managing director last week, and his team will be with Morgan Stanley Alternative Investments, an investment unit created at the end of last year by Owen Thomas, new MSIM president and COO. The team will report to Yie-Hsin Hung, managing director and head of the absolute return strategies group within Morgan Stanley Alternative Investments. Information about the three former Millennium statisticians joining Mr. Feldschuh could not be learned as of press time. Before Millennium, where Mr. Feldschuh has spent the last eight years, he was a proprietary trader in Morgan Stanley's equity division. Mr. Thomas, who was officially named to the top post of MSIM last month, has said that the firm will focus on building its alternative investment business. As of Sept. 30, MSIM had roughly $9.5 billion in alternative assets under management, or roughly 2% of its $431 billion in total assets under management.
Ian Paterson Brown, CFO of F&C Asset Management, will step down after the firm's annual meeting in May, F&C spokeswoman Deborah James confirmed. Mr. Paterson Brown, who has been with the firm since the early 1980s, will pursue personal interests and will not be joining another firm, Ms. James said. F&C has already begun its search for a replacement, she said. F&C, which had £129.4 billion ($231.1 billion) in assets under management as of Sept. 30, has seen several senior management changes in recent months. Alain Grisay officially took over Jan. 1 as CEO, replacing Howard Carter, who will retire after the May meeting, said Jason Hollands, F&C's communication director. He added that Mr. Grisay "obviously is making some structural changes," although Mr. Paterson Brown's departure is "mutually agreeable." Former CIO Tony Broccardo left in November after Mr. Grisay eliminated the position and replaced it with a new alternatives position, now occupied by Fernando Ribeiro.
Maureen Garrity was named managing director at Citigroup Alternative Investments, responsible for sales and marketing to U.S. corporate pension funds. The position is new, said Jon Diat, a CAI spokesman. She will report to Neil Brown, managing director and head of sales, marketing, research and product development. Ms. Garrity was a partner at multistrategy hedge fund manager Thunder Bay Capital Management responsible for marketing and client service. Officials at Thunder Bay could not be reached for information about Ms. Garrity's replacement. Ms. Garrity rejoins former Thunder Bay colleague Dean S. Barr, who joined CAI as director of liquid investments in November, Mr. Barr founded Thunder Bay and was its president and CEO. Ms. Garrity and Mr. Barr both worked at Deutsche Asset Management prior to their tenures at Thunder Bay.
John Springrose was named managing director and head of institutional sales and marketing at Clover Capital Management, said Steve Carl, COO. The new position was created to oversee the firm's distribution channels, said Mr. Carl. Mr. Springrose was a managing director in charge of marketing and client service at 1838 Investment Advisors, which closed in June 2005.
Bronwyn Owen was promoted to head of new business development by alternatives manager Chapwood Capital. It's a new position. She was a principal, institutional sales and marketing, said spokeswoman Meg Bode. Ms. Owen will retain those duties.
Jeffrey W. Smith joined Fidelity Management Trust Co. as executive vice president of sales and consultant relations, industry sources said. He will report to Drew E. Lawton, president and CEO of FMTC. Fidelity spokesman John Brockelman declined to comment. Mr. Smith had been managing director and head of institutional distribution with UBS Global Asset Management. UBS spokesman Peter Casey said that position was filled in September by Mary Tritely, who had been head of UBS' subadvisory third-party business.
Ed Rieger was named senior vice president of consultant relations at Cohen & Steers, said Stephen Dunn, director of institutional marketing. It is a new position and part of the firm's strategy to further expand into the institutional marketplace, said Mr. Dunn. Mr. Rieger was a senior vice president of institutional sales at J.&W. Seligman. Mary Ann Susco, spokeswoman for Seligman, was not immediately available for comment on Mr. Rieger's replacement.
Amy Lesch joined Citigroup Alternative Investments as managing director and head of investment consultant relations. It is a new position, said Jon Diat, a CAI spokesman. She reports to Michael Bolner, managing director and head of marketing and client service. Ms. Lesch will develop and strengthen a consultant relations strategy for the firm and manage existing relationships. She was managing director of consultant relations at Deutsche Asset Management in the Americas. Rohini Pragasam, a DeAM spokeswoman, said Ms. Lesch left Dec. 31 and her duties were assumed by Roelfien Kuijpers, DeAM's New York-based global head of consultant relationships, who for the last year had managed the teams based in the U.S., Europe and Asia-Pacific. Separately, Steven T. Ciampi moved to Citigroup Alternative Investments, where he will be managing director and head of product development and strategic initiatives. It is a new position, said Mr. Diat. Mr. Ciampi is based in London and will develop hedge fund due diligence and evaluate seed investments or equity stake opportunities in emerging hedge funds in Europe and the Middle East. Mr. Ciampi was a managing director and head of equity finance for Europe who oversaw Citigroup's equity finance and prime brokerage unit in London.
Christopher Kunkle was named vice president of JPMorgan Worldwide Securities Services, a new position, confirmed Pam Snook, spokeswoman. Mr. Kunkle will join the firm's securities lending management team for the Western hemisphere region and be responsible for client management and sales to the global mutual fund industry. Mr. Kunkle was a first vice president in Mellon Financial's global securities lending division; a Mellon spokesman said he had left the firm three years ago. Mr. Kunkle had been an independent consultant since leaving Mellon, Ms. Snook said.
Paul N. Thornton, a senior partner and director of Watson Wyatt Worldwide, retired, confirmed spokesman David Popper. The firm probably won't replace Mr. Thornton, who will continue to work with "a few" Watson Wyatt clients through June 2006, Mr. Popper said.
Investor Responsibility Research Center Holdings hired executive recruiting firm Spencer Stuart to search for an executive director for the new IRRC Institute, which will be based in Washington and is expected to open by June. Qualifications include knowledge of corporate governance and social responsibility investment issues; the IRRC is also seeking "someone who is commercially savvy" and who can develop a business plan to sustain the institute, said Linda Crompton, former IRRC CEO and member of the search committee. Interested candidates should contact J. Michael Kirkman, the Spencer Stuart consultant who is leading the recruiting, at [email protected] IRRC Holdings hopes to make a selection by early April. Also, IRRC Holdings expects to begin recruiting members for the IRRC Institute's board in February, she said. The board will focus on funding and promoting research and discussion of emerging corporate governance and SRI issues. The IRRC Institute has an endowment of about $8 million.
James G. Reilly joined TIAA-CREF as senior vice president and chief compliance officer, according to Stephanie Cohen Glass, director of corporate media relations. He will report to George W. Madison, TIAA-CREF executive vice president and general counsel. Mr. Reilly replaces Carol Baldwin Moody, who resigned for family reasons in October. Mr. Reilly was managing director, head of global equities compliance of Goldman Sachs; he was replaced by Robert Mass, who was in another compliance role at Goldman Sachs, said Ed Canaday, Goldman Sachs spokesman. Mr. Mass' previous title was not known.
Douglas D. Moffitt joined the Greenwich Roundtable as its first president. He will oversee the daily operations and growth of the organization, including its monthly symposiums held at the Bruce Museum in Greenwich, Conn. Steve McMenamin, the organization's founder, remains executive director. Mr. Moffitt was COO of hedge fund manager Aplos Advisors, which closed last year. The Greenwich Roundtable is a non-profit research and educational organization for alternative asset management.