James Newgard, executive director of the $1.6 billion Fort Worth (Texas) Employees' Retirement Fund, will leave at the end of this month, confirmed Wanda Valentine, assistant director. Ms. Valentine will be interim executive director. Mr. Newgard was not available for comment, but according to a news release, he "has accepted a pension investment position with a multinational corporation headquartered in Houston." Ms. Valentine was unable to provide additional details.
Rob Feckner was re-elected president of the $204.2 billion California Public Employees' Retirement System, Sacramento, on Thursday. Also re-elected was Robert F. Carlson, vice president.
Andrew Lake was hired as director, high yield, at F&C Asset Management, according to spokesman Jason Hollands. Mr. Lake is expected to join F&C this summer, although no date has been set. He will report to Kevin Mathews, director and head of high yield; the two will co-manage high-yield bond funds including the F&C European High Yield Fund. Mr. Lake replaces Roman Gaiser, who left last summer; Mr. Hollands had no information about Mr. Gaiser. Mr. Lake was director, global high yield, with Merrill Lynch Investment Managers. He co-managed the Global High Yield fund with Greg Spencer, who is now sole manager of the fund, according to a Merrill Lynch spokeswoman who did not wish to be identified.
Craig Ferrero joined Evergreen Institutional as a director of short-term investment management sales, said spokesman Dan Flaherty. It is a new position. Mr. Ferrero will oversee business development and sales efforts in New York, according to an announcement by parent company Evergreen Investment Management. He will report to Jim Cornelius, managing director, short-term investment management sales. Mr. Ferrero was vice president of global cash institutional sales with JPMorgan Asset Management, according to the news release. JPMorgan spokeswoman Jackie Meere wasn't immediately available to discuss a replacement.
Scott Parry joined Invesmart as vice president of institutional sales, said Andrew Healy, spokesman. It is a new position. Mr. Parry will act as a customer service representative for large institutional partners that offer RightPath, Invesmart's investment advisory service, said Mr. Healy. Mr. Parry was a vice president in the retirement services group at Ameritrade. Kim Hillyer, spokeswoman at Ameritrade, said Jim Masters, vice president, took on Mr. Parry's responsibilities.
Roger Urwin joined the board of directors of Watson Wyatt Worldwide, confirmed spokesman Ed Emerman. Mr. Urwin replaces Paul Thornton, who retired from the board in January; his term expires in 2007. Mr. Urwin is the global practice director for investment consulting at Watson Wyatt and a member of the firm's executive management team.
Richard Duncan was promoted to head of investment strategy at ABN AMRO Asset Management, according to spokeswoman Carolien Pors. Mr. Duncan, who will be responsible for overall strategic research and performance analysis of major asset classes, will be based in London and report to Paul Abberley, chief executive of ABN AMRO Asset Management U.K. and CIO of fixed income. He replaced Han De Jong, who was promoted to chief economist of the bank last year when Robert van den Bosch retired, Ms. Pors said. Mr. Duncan was a financial analyst based in the Far East for 19 years. Mr. Duncan has not yet been replaced in Hong Kong.
Todd Davis was promoted to partner at Paul Capital Partners, a private equity investment management firm, said Leo P. Chenette, vice president of investor relations. Mr. Davis previously was a principal at the firm; he joined in October 2004 to focus on life sciences for the Paul Royalty health care funds.
P.J. Kelly was promoted to principal of Ennis Knupp + Associates, according to an announcement by the firm. Mr. Kelly, who was an associate, is the primary consultant for a number of the firm's retainer and project clients and also manages the firm's U.S. equity research group.
Ed Britton is joining Watson Wyatt Worldwide as a senior investment consultant, focusing on fixed income, according to a news release. The position is new. Mr. Britton was a director of fixed income and currencies at Baring Asset Management, said Jill Hendry, spokeswoman. "His responsibilities have been redistributed while we're looking to replace him," Ms. Hendry said.
Michael Hickcox joined Heidrick & Struggles International as a principal in its board of directors, private equity and venture capital and technology practices, focusing on board and officer-level searches, especially in the technology industry, said Christina Stratinsky, spokeswoman. It is a new position; he is in the Menlo Park, Calif. office. Mr. Hickcox was product marketing manager with Yahoo! Inc., where he ran the self-service business within the company's HotJobs unit.
Elliot J. Weiss joined the securities litigation law firm of Bernstein, Litowitz, Berger & Grossmann as a counsel, said Alexander Coxe, spokesman. It is a new position. Mr. Weiss, who was the first executive director of the Investor Responsibility Research Center, from 1972 to 1976, retired as a professor of law at the University of Arizona's Rogers College of Law in December, Mr. Coxe said.
C. Frank E. Hydoski joined Deloitte Financial Advisory Services as a director, working with corporate boards and management on forensic accounting fraud and other forensic accounting investigations. It is a new position. He will assist in developing products and approaches in the forensic accounting and investigations areas of Deloitte FAS, a subsidiary of Deloitte & Touche USA, and lead investigations for clients of its forensic and dispute services practice, according to a Deloitte FAS statement. He will report to Mary Jane Schirber, partner in the forensic and dispute services practice, and Frank Piantidosi, Deloitte FAS chairman and CEO. Mr. Hydoski was chief of forensics for the Independent Inquiry Committee in the United Nations oil-for-food program.
Scott A. Fenn was named managing director of policy at Proxy Governance, a new position. Mr. Fenn, who retired as president and CEO of the Investor Responsibility Research Center in 2001, will be a senior member of the team developing and applying policies for the firm's research and voting recommendations. He resigned from Proxy Governance's policy council advisory body. "It hasn't been determined" how he will be replaced on the council, said Ronald C. Kuykendall, vice president-marketing and communications. Mr. Fenn served last year as a consultant to the IRRC board on issues related to the formation of the IRRC Institute for Corporate Responsibility. "I have expertise on both social policy and to a lesser extent on corporate governance," said Mr. Fenn in an interview. "With corporate governance, I've delved into executive pay. … I think what PGI is looking for is the overall experience I have in helping to identify situations outside norm on governance issues. and looking at interesting pay plans."