John Rogers was named managing director of hedge funds-of-funds manager Arden Asset Management. The position is new, said spokesman Jonathan Gasthalter. Mr. Rogers will work with Averell H. Mortimer, Arden's president and CEO, on new investment strategies, said Mr. Gasthalter. Mr. Rogers was managing director at hedge funds-of-funds manager Ivy Asset Management. Kevin Heine, a spokesman for Ivy's parent company, Bank of New York, was unable to provide information about Mr. Rogers' replacement.
Henry Smith, president and CEO of W.P. Stewart, resigned for health reasons, and John Russell was named interim president, confirmed Fred Ryan, deputy managing director of investor relations. There is no specific timeline for selecting a new president, Mr. Ryan said. Mr. Russell, who plans to retire when the position is filled, will not be a candidate. He will relinquish his position as deputy chairman but will remain on the company's board of directors as a director and a member of the executive committee
Ken Montgomery left Pentegra Retirement Services as president and CEO, said Robert Alin, acting president. Mr. Alin, who remains senior vice president, declined further comment. Pentegra manages retirement plans that have up to $30 million in assets.