Raymond Schuville was named managing director at Lehman Brothers, confirmed spokesman Randall Whitestone. It is a new position. Mr. Schuville is responsible for extending the investment management division's relationship with corporate clients; the division had $188 billion in assets under management as of Feb. 28. He will report to Alan Marantz, global head of private investment management. Mr. Schuville was a member of the business leaders' team at JPMorgan Chase, said spokesman Darin Oduyoye; further details about his former position were available at press time. Members of the team assumed Mr. Schuville's responsibilities, Mr. Oduyoye said.
Thomas J. Hughes resigned as president and COO of alternatives manager the Clinton Group. He will remain an adviser to the company, said George Hall, chairman, in a memo to investors. The memo did not provide a reason for Mr. Hughes' departure or information about his successor, and Mr. Hall did not return a call. Kathleen Merrigan, a spokeswoman, declined to comment further. Mr. Hughes could not be reached about his plans. Mr. Hughes joined Clinton Group Nov. 1. He had been global head of Deutsche Asset Management until October 2004, when he went on sabbatical for family reasons.
Richard S. Hellmann was named vice president and director of investment consultant relations for Eagle Global Advisors, confirmed partner Steven Russo. It is a new position. Mr. Hellmann is responsible for Eagle's institutional marketing and client servicing. He reports to Mr. Russo and the two other partners, Edward Allen and Thomas Hunt. Eagle Global has $1.1 billion in assets under management. Mr. Hellmann was a partner with asset management firm Breeco Management; no information was available about a replacement.
Jeff Schreiber joined Principal Financial Group as vice president of business development, said Terri Hale, spokeswoman. It is a new position. He will direct Principal's third-party administration distribution network, including developing products and services within the TPA channel. Mr. Schreiber was a vice president for Fidelity Investments Life Insurance, where he directed marketing. A Fidelity representative could not be reached by press time for details on a replacement.