Parag Saxena, Alessandro Piol and Howard Goldstein, former top executives with INVESCO Private Capital, left the firm and formed venture capital firm Vedanta Capital, according to a news release. John Evans, a general partner at INVESCO, replaced Mr. Saxena as head of INVESCO's direct private capital funds, said Doug Kidd, INVESCO spokesman. The duties of Messrs. Piol and Goldstein, both general partners, are being assumed by other members of the INVESCO Private Capital team, Mr. Kidd said.
Thomas Rick was named CIO of the $4.8 billion the City of Milwaukee Employes' Retirement System, according to Michael C. Dolsen, executive director. Mr. Rick replaces Jennifer Shannon, who left in March to pursue other career opportunities. Mr. Rick was a pension investment analyst for the fund; a search will be conducted to fill that position, which the system hopes to do in the next three months, Mr. Dolsen said. Staff will take up the duties in the interim.
