Richard Wilson was named head of equities at F&C Asset Management, according to a news release. It is a new position. Mr. Wilson was head of pan-European equities at F&C and a member of the firm's management committee. It could not be learned by press time whether he was replaced.
Gloria Gil will join the University of California, Oakland, as director of real estate for the school's endowment and pension plan, with a combined $64 billion, Ms. Gil said in an interview. Ms. Gil is senior investment officer, real estate, for the $31 billion Los Angeles County Employees Retirement Association, Pasadena, Calif. Neither Lisa Mazzocco, CIO of the Los Angeles County fund, nor officials at the University of California returned calls by press time seeking further details.
Alan Rubenstein, London-based managing director of Morgan Stanley's European pensions group, will join Lehman Brothers in May to set up a similar initiative, according to a news release. His new role as Lehman's managing director and European head of the pensions advisory group will involve consolidating and developing existing pension expertise for the investment bank. He will report to Philip Lynch, head of global finance for Europe, and Philippe Dufournier, head of the structured solutions group, Europe. Morgan Stanley spokesman Erik Portanger declined to comment on whether Mr. Rubenstein would be replaced. Last week, the investment bank appointed Andrew Drake, co-founder of London-based investment consultancy PSolve, as head of U.K. pensions. While Mr. Drake is not a direct replacement for Mr. Rubenstein, he will have responsibility for developing the firm's relationships with major clients, Mr. Portanger said. Mr. Drake's duties at PSolve have been assumed by other team members, principal John Conroy said.