Eddie Vandiver joined Deutsche Asset Management as director of alternative and quantitative business development in the U.S. The position is new, said Rosalia Scampoli, a DeAM spokeswoman. Mr. Vandiver headed U.S. public pension fund sales for AIG Global Investment Group. Peter Tulupman, an AIG spokesman, said a search is on for a replacement. Prior to working at AIG, Mr. Vandiver was CIO of the $18.8 billion Public Employees Retirement System of Mississippi, Jackson. Additionally, Stephane Amara joined DeAM's quantitative strategies group as director of alternative and quantitative business development for Canada, a new position. He will handle institutional sales and client service in western Canada and for some clients in Quebec and Ontario, Ms. Scampoli said. Mr. Amara was head of sales and consultant relations for Canada for Bank of Ireland Asset Management. Steve Holland, Bank of Ireland Asset's director of sales, did not return a call by press time seeking Mr. Amara's replacement.
John McCareins was hired as a manager research executive and Julie Castillo, client service executive, at Northern Trust Global Advisors, the manager-of-managers unit of Northern Trust Global Investments, said Guy Lawrence, spokesman. Both are new positions. Mr. McCareins was vice president of product development at T. Rowe Price. Brian Lewbart, a T. Rowe Price spokesman, said the firm is currently searching for Mr. McCareins' replacement and has no specific timeframe for completion. Ms. Castillo was vice president of shared transaction services for the $8 billion Church Pension Fund, New York. Dan Castle, director of shared transaction services at the Church Pension Fund, said Ms. Castillo has been replaced, but he declined to give details.
updated with correction
Joseph Russick joined Blackstone Group as a principal. He is a member of the investment team of the firm's new Distressed Debt hedge fund, which was launched in July and already closed with $500 million under management. His position is new and part of an expansion of the team, said John Ford, a spokesman for Blackstone. Mr. Russick was a vice president of hedge fund manager Bennett Restructuring Funds. Information about his replacement could not be obtained by press time.
Fred Fogg was hired as director and head of U.S. transition management for Citigroup, confirmed Danielle Romero-Apsilos, spokeswoman. It is a new position. He will report to Timothy Wilkinson, the London-based global head of transition management. Mr. Fogg was executive director and head of equity transition management at Morgan Stanley, where he was replaced internally by Jason Gans, according to spokesman Mark Lake. Further details could not be learned by press time.