Dana Troxell was named president and CEO of ForstmannLeff, replacing Richard Goldman, who resigned in November. Mr. Troxell had been director of strategy and corporate development at Angelo, Gordon & Co., which acquired ForstmannLeff.
David L. Donabedian was named CIO at Ashbridge Investment Management, confirmed Jeffrey A. Hollowniczky, COO. It is a new position. Mr. Donabedian was chief economist at Atlantic Trust Private Wealth Management.
Duncan M. McFarland, retired chairman and CEO of Wellington Management, was nominated to the board of directors of NYSE Group Inc., which operates the New York Stock Exchange, according the firm's proxy statement filed April 28 with the SEC. If elected, Mr. McFarland would replace Edgar S. Woolard Jr., who decided not to stand for re-election, according to the filing. The NYSE Group's annual meeting is scheduled for June 1. Directors of the company are elected annually.
John Thornton joined Pacific Community Ventures, a not-for-profit venture capital firm that invests in low-income areas of California, as managing director, a new position, said Todd Schafer, director of development and external relations. He was a principal with American Capital Strategies, a publicly traded buyout and mezzanine fund. Brian Maney, director, corporate communications for American Capital, could not be reached by press time for comment.
Michael J. Clowes, editor-at-large of Pensions & Investments and sister publication InvestmentNews, received the 2006 Matthew R. McArthur Award from the Investment Management Consultants Association on Sunday. The award recognizes individuals who have made considerable contributions to investment consulting, investment consulting technology and standards of the profession. Also on Sunday, Joseph A. Holt, director of executive ethics at University of Notre Dame Mendoza College of Business, Notre Dame, Ind., received the 2006 Richard J. Davis Award from IMCA. Mr. Holt received the award, which is given for an outstanding article on the law or ethics related to investment consulting, for "Turning to the Positive Side of Ethics in the Financial Services Industry," which appeared in the IMCA Journal of Investment Consulting.