Marc Seidner was hired as head of domestic fixed income for Harvard Management Co., and CEO Mohamed El-Erian continues to search for executives to head up international fixed income, currency management and oversight of the external managers who look after about half of Harvard University's $26 billion endowment fund, said Harvard spokesman John Longbrake. Executive search firm PrinceGoldsmith is assisting. Mr. Seidner was director of active core strategies at Standish Mellon Asset Management. Kent Wosepka, senior portfolio manager, will assume Mr. Seidner's responsibilities in active core plus portfolios, while fellow senior portfolio manager Cathy Powers will assume Mr. Seidner's investment-grade core portfolio responsibilities, said Mellon spokesman Joseph F. Ailinger.
James Scott was named managing director of global public markets for General Motors Asset Management, confirmed spokesman Jerry Dubrowski. Mr. Scott will report to Tony Kao, senior managing director and head of the public markets group. GMAM formed the public markets unit last year after Managing Director David Holstein left to join Capital Guardian. Mr. Scott will also be a member of GMAM's management and investment advisory committees. He was most recently the president of Quantitative Management Associates, a subsidiary of Prudential Financial; Mr. Scott resigned from that position in August.
David B. Wescoe was hired as retirement administrator of the $3.5 billion San Diego City Employees' Retirement System, effective May 1, said Rebecca Wilson, communications manager. Mr. Wescoe replaced Laurence Grissolm, who retired Dec. 31. Mr. Wescoe was executive director of Messner & Smith Investment Management, a small-cap to midcap equity investment management firm with $300 million under management. The firm will be searching for a replacement, said John Messner, CEO.
Arthur W. Roos was named treasurer at Case Western Reserve University, Cleveland, and Sally Staley was named CIO. They will oversee investment of $1.7 billion of operating and capital funds, pension and endowment assets. They are replacing William M. Rose, who held both positions when he left March 1, said Jeff Bendix, a university spokesman. Mr. Rose joined family office Okabena Investment Services as president and chief investment officer. Mr. Roos will oversee all treasury functions, including investment of operating funds and management of working capital and debt. Mr. Roos was associate treasurer for financing, risk management and investments since 2002. Ms. Staley will oversee investment of the university's pension plan and $1.6 billion pooled endowment funds. She has been associate treasurer for investments since 1994. Mr. Bendix did not have information about replacements for Mr. Roos and Ms. Staley.
David L. Bomberger was named state investment officer of the $10.8 billion Nebraska Investment Council, Lincoln, according to a news release. He succeeds Carol Kontor, who announced her plans to retire last fall; she will stay with the fund through the end of July. Ms. Kontor said the appointment has already been approved by Gov. Dave Heineman and the state Legislature. Mr. Bomberger is president and CIO of Caterpillar Investment Management. Caterpillar, with about $8.9 billion in defined benefit assets, announced last year that is was closing the investment management subsidiary.
Simon Ellis was appointed head of Fidelity International's multimanager business in London, according to spokeswoman Anne Read. It is a new position. Mr. Ellis will begin May 2, reporting to Simon Fraser, president of institutional business. Fidelity International has £832 million ($1.2 billion) in assets under management in multimanager strategies. Mr. Ellis was CEO of the multimanager business and head of U.K. retail at AXA Investment Managers. His responsibilities at AXA were divided between CEO Paul Griffiths and CIO Philippe D'Orgeval, said spokesman Zaman Toleafoa.
Donald Bisson was named head of the small-cap-to-midcap equity team at Evergreen Investments, and Aziz Hamzaogullari will assume overall portfolio management for a number of the firm's growth equity funds, said spokesman Dan Flaherty. Mr. Bisson will replace J. Gary Craven, managing director and senior portfolio manager, and Mr. Hamzaogullari will replace Maureen Cullinane, managing director and senior portfolio manager, effective June 30, when both veterans plan to retire. Mr. Bisson will retain his current roles as director and portfolio manager on the small-cap-to-midcap growth equity team and manager of small-cap-to-midcap growth separate accounts. Mr. Hamzaogullari will take over the Evergreen Omega, Evergreen VA Omega, Evergreen Large Company Growth and Evergreen Aggressive Growth funds, according to a news release, and he will retain his current duties as managing director and director of research with Evergreen's fundamental equity team.
