John Powers was named chief executive officer of Stanford Management Co., which manages the $15 billion endowment of Stanford University, Palo Alto, Calif., effective June 26, Mr. Powers said in an interview. He succeeds Michael McCaffery, who is leaving to form his own investment company. Mr. Powers is managing director and director of research at Offit Hall Capital Management. Kathryn Hall, co-chairman, co-CEO and co-CIO at Offit Hall, will also become director of research, Mr. Powers said.
Mr. McCaffery, who joined Stanford Management in 2000, did not return a call seeking comment.
Babak "Bob" Zenouzi joined Delaware Investments as a portfolio manager in charge of REIT and convertible securities holdings on the teams managing two of the firm's closed-end funds: the $145.1 million Dividend and Income Fund and the $64.3 million Global Dividend and Income Fund, said spokeswoman Ayele Ajavon. Both positions are new. Mr. Zenouzi was a partner and senior portfolio manager at Chartwell Investment Partners. David C. Dalrymple, who co-managed Chartwell's $26 million Small Cap Value Fund with Mr. Zenouzi in addition to about $570 million in institutional separate accounts, will assume management of the fund, with the help of two analysts to be hired over the next few weeks, said Timothy J. Riddle, Chartwell's managing partner and chief executive officer.
Elizabeth Zieglmeier was named head of client relationship management for North American institutional business at Deutsche Asset Management, according to a news release. Ms. Zieglmeier's position is new, said DeAM spokeswoman Renee Calabro. She will report to Marco Veissid, head of North American institutional sales and relationship management. Ms. Zieglmeier was an alternative investment specialist in DeAM's institutional sales group. She will not be replaced, said Ms. Calabro; members of the institutional sales team will assume her responsibilities.
David A. Antonelli was named chief investment officer of non-U.S. and global equity investments at MFS Investment Management, and Michael W. Roberge was named CIO of U.S. investments, said spokesman John Riley. Both positions are new and part of a realignment reflecting the "tremendous growth in our international funds and portfolios," company CEO and CIO Robert J. Manning said in a news release. Messrs. Antonelli and Roberge will report to Mr. Manning.
Mr. Antonelli was chief equity officer and Mr. Roberge was chief fixed-income officer. Those positions won't be filled, but Donald M. Mykrantz, senior vice president and director of global trading, will become head of the fixed-income portfolio management team. Mr. Roberge will handle oversight of the equity portfolio management team.
Separately, David Sette Ducati, a portfolio manager of the MFS Mid Cap Growth and MFS Emerging Growth portfolios, will retire from the firm effective June 30. David Earnest, co-portfolio manager of Mid Cap Growth, will become the fund's lone portfolio manager, and Eric Fischman will remain lead portfolio manager on Emerging Growth.
David Logan was appointed chief financial officer at F&C Asset Management, according to spokesman Jason Hollands. Mr. Logan will report to CEO Alain Grisay when he joins F&C this summer. A start date is still being negotiated, Mr. Hollands said. Mr. Logan replaces Ian Paterson Brown, who will depart May 16 following the company's annual general meeting. Mr. Brown announced in January that he would leave after 24 years with the company. Mr. Hollands did not have any information on Mr. Brown's plans. Mr. Logan was an investment management partner at Deloitte's insurance and investment management division; Ali Agmen-Smith, spokeswoman for Deloitte, could not be reached by press time for comments on Mr. Logan's replacement.
Mark Perdigao was named head of BNY Brokerage's hedge fund unit, a new position, confirmed Peggy Farrell, a company spokeswoman. Mr. Perdigao, a managing director, will run the unit, which offers sales, marketing and trading to hedge fund managers. He previously managed institutional sales for BNY Brokerage along with Steve Volk. Mr. Volk will continue to run that unit, which focuses on traditional asset managers.