Michael Miles retired April 20 as a trustee of BP PLC's $20 billion U.K. pension fund in conjunction with his retirement from the board of the London-based corporation. He was one of 10 trustees overseeing the U.K. pension fund, which is a trust independent of the company, said Roddy Kennedy, BP spokesman. A decision hasn't been made on Mr. Miles' successor.
Matteo Perruccio was named co-CEO of Olympia Capital Management and CEO of Olympic Capital Management USA, according to a news release. Mr. Perruccio was CEO of Pioneer International. No further details were available. Neither Olympia spokeswoman Stephanie Visayze nor Pioneer International officials could not be reached by press time.
David Hudson was named a senior portfolio manager at BKF Asset Management, confirmed spokesman Mark Semer. Mr. Hudson, who was the founder of Gemini Value Partners, will transfer the Gemini portfolio to BKF. Mr. Hudson now manages a concentrated portfolio focused on neglected and undervalued microcap, small-cap and midcap equities. He will continue managing the portfolio strategy and assets at BKF. The amount was not disclosed. Before launching Gemini, Mr. Hudson co-founded Coldstream Capital Management, which was acquired by Boston Private Financial Holdings in 2003.
Ryan Severino joined Starwood Capital Group as director of investment strategy and market research, said Tom Johnson, spokesman. It is a new position. Mr. Severino was director of investment research for Prudential Real Estate Investors. Prudential officials are searching for a replacement, said Theresa Miller, spokeswoman.
John Ptak joined High Pointe Capital Management April 10 as equity analyst, a new position, said Sean Clark, director of marketing. Mr. Ptak was an equity research analyst at Credit Suisse. Mary Claire Delaney, Credit Suisse spokeswoman, didn't return calls seeking information on a replacement.
Bill Hoerter was named director of business development at Peregrine Financial Group, confirmed spokeswoman Patricia Campbell. It is a new position. Mr. Hoerter was chief foreign exchange dealer and 24-hour desk manager at Alaron Trading.
Kevin Sheehan was named director of institutional marketing at Ocean Tomo Asset Management, according to Wendy Chou, spokeswoman. It is a new position. Mr. Sheehan was senior vice president of institutional sales at GE Asset Management. Officials at GEAM are looking at candidates for his replacement, according to spokesman Chris Linehan.
Kevin Byrne joined Bank of New York as senior vice president and head of sales and marketing for global transition management, according to bank spokesman Kevin Heine. Mr. Byrne assumes duties previously handled by Kal Bassily, managing director and head of global transition management. Mr. Byrne was vice president at JPMorgan Chase Bank, where he managed the U.S. transition management business. The business was restructured and broken out into a separate unit headed by John Minderides, a managing director, said spokeswoman Pamela Snook.
Dana B. Hall joined D.E. Shaw Investment Management as senior vice president in the investor relations division, said Trey Beck, managing director and head of business development. Ms. Hall's position is new and she focuses on institutional client relations and marketing, Mr. Beck said. No information was available about when and why Ms. Hall left Lighthouse Partners, the hedge funds of funds manager she co-founded in 1999. She was a managing partner. Ms. Hall was not available for an interview and Sean McGould, president and CIO of Lighthouse Partners, did not return a call seeking information on Ms. Hall's replacement.
Scott Abel, Nate Krogman and Matt Clink were named consultants by Clark Strategic Advisors as part of an expansion, said Susan McDermott, director of research. Mr. Abel who has a background in asset-liability matching, will work with clients exclusively. Mr. Krogman will have primary client relationships and also will work on manager research. Mr. Clink will focus on manager research with some client consulting responsibilities. All three came from Hewitt Associates, where Mr. Abel was senior consultant and Messrs. Krogman and Clink were consultants. Mr. Clink was also director of research. Maurissa Kanter, a Hewitt spokeswoman, said it was company policy not to comment on personnel.
Brett H. Wander was named a vice president and director of alpha strategies at Loomis Sayles, said spokesman Christopher Lazzaro. The position is new. Mr. Wander was founder of Wavelength Capital, a fixed-income hedge fund firm. Mark Smith, the managing director of Loomis Sayles' fixed-income group, said the investment-related subadvisory work that Wavelength has been doing for other hedge funds will be absorbed by Loomis. Further information on Wavelength wasn't immediately available. Separately, X. Henry Ma was named vice president and director of quantitative research and financial engineering, and Fan Hu was named vice president and senior structured finance analyst. Mr. Lazzaro said Mr. Ma and Ms. Hu replace Robert Roland and Eric Richter, respectively; both left the firm in mid-2005 to pursue other opportunities. Mr. Ma was head of quantitative research, U.S. fixed income and structured credit with Fortis Investments. William L. Braman, CEO of Fortis Investments, said Mr. Ma's responsibilities were assumed by other members of his team. Ms. Hu was a vice president and mortgage-backed securities strategist with Columbia Management Group. Columbia spokesman Tom Gariepy couldn't immediately say whether she had been replaced.
Michael Radin joined Deutsche Asset Management as a senior product specialist in its multimanager global macro platform and currency strategies, according to a news release. His main responsibilities will be marketing the firm's quantitative money management platform to institutional and high-net-worth clients. He will report to James Norman, global head of product specialists for the firm's quantitative strategies group. Mr. Radin was executive director and institutional coverage officer at Morgan Stanley. Rohini Pragasam, a DeAM spokeswoman, did not return calls seeking more information. Chad Peterson, a Morgan Stanley spokesman, did not immediately know if Mr. Radin had been replaced.
Jacqueline A. Thomas was named relationship manager for Allegiant Asset Management's client service team, confirmed spokeswoman Christine Jacobs. It is a new position. Ms. Thomas reports directly to Kirk VanDagens, regional director, client services Michigan. Allegiant, a subsidiary of National City, currently manages roughly $26.4 billion in assets, according to a news release. Ms. Thomas was vice president and group head for employee benefit administration and retirement services at Bank One, now JPMorgan Chase. Mary Kay Bean, spokeswoman, was not available for comment by press time.
Bob Jolly was hired as head of customized institutional strategies at SEI Investments (Europe), according to spokeswoman Caroline Deutsch. It is a new position. Reporting to CIO Karl Dasher, Mr. Jolly will be responsible for developing asset-liability matching strategies that involve "a more dynamic and proactive risk-budgeting and alpha overlay process," Mr. Dasher said in an e-mail. Mr. Jolly was head of portfolio construction for Gartmore, where he was employed from 1982 to 2005, according to Gartmore spokeswoman Claire Philpot. He was responsible for the management and development of currency investments, and Gartmore did not replace him. The company closed its currency management business and transferred control of other funds Mr. Jolly had managed to the fixed-income team, Ms. Philpot said.
Kathryn Hayley was named CEO of Aon Consulting U.S., according to a news release. The position is new, said Joe Micucci, Aon Consulting spokesman. She will report to Andrew Appel, CEO of Aon Consulting Worldwide. Ms. Hayley was Midwest regional managing director at Deloitte Consulting. Deborah Harrington, spokeswoman at Deloitte, was not available at press time to provide details about her replacement.
Eila Matt was named managing director at Henderson North America. She is a hedge fund specialist in marketing and client service for Henderson's hedge funds, with a focus on hedge funds of funds, insurance companies, family offices and other institutional clients. The new position will be based in New York, said Scott Sunshine, a spokesman. Ms. Matt was a managing director-investor relations, marketing and sales for alternative investments at Ritchie Capital Management. Justin Meise, a Ritchie spokesman, said Ms. Matt left the firm about two years ago and her duties was assumed by other staff.
Doug Byrkit and Graham Seagraves were named institutional defined contribution regional sales directors at Russell Investment Group, both new positions, said Jennifer Tice, spokeswoman. Mr. Byrkit will cover the Western U.S. and Mr. Seagraves will cover the Eastern U.S., she said. Mr. Byrkit was director of U.S. sales and marketing at Mellon Analytical Solutions and managed its national sales team. Mr. Seagraves was Southeast and Mid-Atlantic regional sales director at OFI Institutional Asset Management. Mellon spokesman Mike Dunn and OFI spokeswoman Jane Hamilton did not return calls seeking information on replacements.
Teacher Retirement System of Texas, Austin, is searching for a executive search firm to help the $96 billion pension system find a CIO to replace Jim Hille, who will become CIO of Texas Christian University, Fort Worth, on May 1. According to the RFP, which is available at http://esbd.tbpc.state.tx.us/1380/bid_show.cfm?bidid=64397, proposals are due May 1. Howard Goldman, spokesman, could not be immediately reached for further details.
Lorraine Wang was named vice president of new product development at PowerShares Capital Management, said Bill Conboy, a company spokesman. It is a new position; PowerShares is expanding and plans to offer another 35 exchange-traded funds this year, Mr. Conboy said. Ms. Wang was managing director of the ETF group at the New York Stock Exchange. An NYSE spokesman said the exchange does not comment on personnel matters.
M. Randall Strickland joined Principal Global Investors as managing director, consultant relations, said spokeswoman Tina Marchetti. It is a new position. Mr. Strickland was managing director of consultant relations for BNY Asset Management, where spokesman Kevin Heine said the firm is actively seeking a replacement.
Matthew Lugar was named director by DB Absolute Return Strategies, a division of Deutsche Asset Management. The position is new, said Rohini Pragasam, a Deutsche spokeswoman. Mr. Lugar will be based in New York and will market the single-strategy and multistrategy hedge funds of DB Capital Advisors — a division of DB Absolute Return Strategies — to U.S. institutional investors. Mr. Lugar was an associate portfolio manager at value manager Schafer Capital Management; he left about a year ago and was not replaced, said spokeswoman Katrina Kohlivova.
Andrew J. Powers joined UNIFI Cos. as vice president of retirement plans, said Jackie Hadley, spokeswoman. It is a new position. Mr. Powers is responsible for directing sales of defined contribution plans. Ameritas Acacia and Union Central Life Insurance recently merged to establish UNIFI, which concentrates on small defined contribution plans. Mr. Powers was a vice president of Union Central Retirement and Investment Services, a unit of the insurer.
Dennis Schaney, managing director and head of fixed income at Credit Suisse Group's asset management business, will retire early next year, confirmed Suzanne Fleming, spokeswoman. The firm will conduct an internal and external search to find his replacement. Mr. Schaney will leave Credit Suisse before the end of the first quarter 2007, staying on "to allow us to ensure a smooth transition to a successor," Ms Fleming added.
David Rocker, founder of short-seller hedge fund Rocker Partners, will retire Jan. 2. A succession plan was launched three years ago when Mr. Rocker and his co-partner, Marc Cohodes, began to split responsibilities at the firm, according to a statement from the company. Mr. Rocker assumed responsibilities for managing the business while Mr. Cohodes became head of research and chief portfolio manager. Mr. Cohodes now has full responsibility for investment management, according to the company statement, and the firm now is searching for individuals to assume Mr. Rocker's administrative responsibilities. Mr. Rocker will assist in the transition for the remainder of the year, said the statement.
Neal Miller, who manages more than $7 billion in retail and institutional accounts at Fidelity Investments — including the $3.76 billion Fidelity New Millennium Fund — will retire on June 30, said spokeswoman Sophie Launay. Mr. Miller will stay on in an advisory role after June 30, she said. Fidelity will name a successor to run the New Millennium Fund within the next few weeks, said Ms. Launay. The $3.5 billion in institutional equity accounts overseen by Mr. Miller will be taken over by Bahaa Fam, portfolio manager with Pyramis Global Advisors, Fidelity's institutional asset management unit, she said.
Vincent Costa was named senior vice president and head of portfolio management for quantitative equity at ING Investment Management, confirmed Tracey Gordon, spokeswoman. Mr. Costa will lead both the portfolio management and client relations functions for ING's quantitative business, said Ms. Gordon. He will report to Omar Aguilar, senior vice president and head of quantitative equity. Mr. Costa late last month left Merrill Lynch Investment Managers, where he had been managing director and head of quantitative investments. The firm has no plans to replace Mr. Costa, said MLIM spokeswoman Megan Frank. Richard Vella, managing director and head of MLIM's overall quantitative business, will assume Mr. Costa's responsibilities.
Ray Pullaro will join Blackstone Alternative Asset Management June 1 as managing director. He will report to Bruce Amlicke, CIO. John Ford, a spokesman, said he could not provide details about Mr. Pullaro's duties until he joins the firm, but confirmed the position is new. Mr. Pullaro resigned as senior investment officer of the UBS alternative investment solutions team at UBS Alternative and Quantitative Investments, confirmed Paul Del Colle, a UBS spokesman. Mr. Pullaro's duties have been assumed by others in his department, Mr. Del Colle confirmed.
Shamus Young was named global head of consultant relationships at ABN AMRO Asset Management. He replaced Dermot Keegan, who left earlier this year to join Old Mutual Asset Managers as managing director of its institutional business. Mr. Young was head of the global consulting group at Gartmore Investment Management. He was replaced by Paul Hamilton, another member of the group, said Gartmore spokeswoman Vee Montebello.
Greg Baarson and Gerald Goldman were named senior portfolio managers at American Realty Advisors. Both positions are new, said Joyce E. Ezaki, manager, marketing and client service. Mr. Baarson was an equity asset manager with GE Asset Management, and Mr. Goldman was senior asset manager with the Archon Group, a real estate investment management firm. Information on replacements at GE Asset and Archon was not immediately available.
Rick G. Mayo was promoted to president and chief actuary of McGinn Actuaries. He replaces Daniel F. McGinn, who relinquished the two positions but will remain chairman. The firm retained SC International, a recruiting firm, to conduct the search for a replacement to fill Mr. Mayo's previous position as executive vice president and actuary, Mr. Mayo said.
The $34 billion Los Angeles County Employees Retirement Association is searching for a CEO to replace Marsha D. Richter, who will retire in October. Qualifications include significant management experience with a complex organization, including exposure to personnel, budgetary, legislative, governmental or similar issues. An undergraduate degree is required but a postgraduate degree would be "highly desirable," according to a request for resumes on the association's website, www.lacera.com. Heidrick & Struggles is assisting.
