Teacher Retirement System of Texas, Austin, hired Korn/Ferry International to assist in the search for a new chief investment officer, according to Howard Goldman, spokesman for the $100 billion system. Former CIO James R. Hille became CIO of Texas Christian University, Fort Worth, on May 1. Information about the search is on the system's website, www.trs.state.tx.us. More information is also available from Annette Dominguez, human resources director, at 512-542-6511. Inquiries or applications can be submitted to Clinton Browning, senior associate at Korn/Ferry International, at 404-572-6373 or via e-mail at [email protected]
Claude Lamoureux, chief executive officer of the C$90 billion (US$81.5 billion) Ontario Teachers' Pension Plan, Toronto, will retire by the end of 2007, confirmed Deborah Hannah, spokeswoman. Fund officials have not yet made plans regarding his replacement, she said.
Lloyd C. Blankfein will become chairman and CEO of Goldman Sachs Group, replacing Henry Paulson, pending Senate confirmation of Mr. Paulson as treasury secretary, said Peter Rose, Goldman Sachs' spokesman. Mr. Blankfein is president and COO of Goldman Sachs. Mr. Rose said no announcement has been made about Mr. Blankfein's replacement and declined to provide more details. Mr. Paulson was nominated on May 30 by President George W. Bush to replace John Snow.
Separately, James H.M. Sprayregen will join Goldman Sachs as a managing director in the investment banking division. He will lead the teams that advise clients in restructuring and financially distressed situations. It is a new position.
Mr. Sprayregen, a partner at the law firm of Kirkland & Ellis, was the lead attorney representing UAL Corp., Elk Grove Township, Ill., during its Chapter 11 bankruptcy proceedings.
David Cameron was promoted to chief investment officer of the Boston Co. Asset Management, effective immediately, confirmed spokesman Joseph F. Ailinger Jr. It is a new position. Mr. Cameron will help the firm maximize its diversification in products and global reach, Chairman and CEO Corey Griffin said a news release. Mr. Cameron is head of U.S. equities; he will retain that position, Mr. Ailinger said. The firm has $60 billion in assets under management.
San Francisco City & County Employees Retirement System reopened its search for a securities analyst with a primary focus on risk management, said David Kushner, deputy director for investments at the $14.5 billion fund. Fund officials made an offer to a candidate after the initial search in October 2005, but the person had accepted another job. The analyst will report directly to Mr. Kushner. More information is available at www.sfgov.org/site/uploadedfiles/sfers/Security-Analyst-RiskMgt-4331.pdf.
Roger Bartley, CIO fixed income at Gartmore, will be head of fixed income at Legal & General Investment Managers. L&G had been looking for someone to fill the position since the death of John Monckton, the firm's previous head of fixed income, in late 2004, said L&G spokesman Steve Leach. Mr. Bartley will report to CEO Peter Chambers, who joined the firm in December and was CIO at Gartmore until 2003. Mr. Bartley is leaving Gartmore because its investment management operations were restructured, said Gartmore spokeswoman Kimberley Robinson. Gartmore officials intend to recruit more people for the firm's fixed-income team, but they aren't likely to seek another CIO because CIOs in different asset classes are no longer necessary as the firm no longer has a global structure, she said.