John Pickard was promoted head of European equities at UBS Global Asset Management to replace Richard West, who will be on sabbatical until the end of the year, according to spokeswoman Tatjana Domke. Mr. Pickard will remain co-head of Europe Middle East Africa equities. He is based in Zurich and reports to Tom Madsen, global head of equities. Mr. West, who been with UBS for about 15 years, went on sabbatical in March, initially for three months, but he decided to extend it through year's end. His responsibilities were being covered by Mr. Madsen and Neil Mears. As part of a wider European team restructuring, Mr. Mears, previously head of portfolio construction, will now concentrate on his existing role as manager of European high alpha and long/short strategies, and Paul Fairbrother will replace him as head of portfolio construction. Mr. Fairbrother managed U.K. equities and will retain some of those responsibilities, Ms. Domke said
Errol Rudnick is retiring as CIO of Weston Capital Management, confirmed Chairman Albert Hallac. Mr. Rudnick will remain a consultant to the firm for next few months. A search for a new CIO is under way, according to Mr. Hallac.
Ron Sachs was named portfolio manager of the $2.2 billion Janus Olympus Fund and $204 million Janus World Funds-U.S. All Cap Growth Fund, replacing Claire Young, confirmed Shelley Peterson, Janus spokeswoman. Ms. Young will retire after 14 years at Janus to spend more time with her family and focus on philanthropic pursuits. Mr. Sachs will remain portfolio manager of the $1 billion Janus Orion Fund. Also, research analysts Brian Schaub and Chad Meade were named co-managers of $143.7 million Janus Triton Fund, succeeding portfolio manager Blaine Rollins, who is retiring after 16 years with Janus to devote more time to personal pursuits, according to a news release. The changes will take effect June 30.
Bill Hobbs was named interim general counsel at Ritchie Capital Management, replacing Jim Rickards, who left the firm this week, said Justin Meise, a spokesman. Mr. Hobbs, who is deputy general counsel and chief compliance officer, will fill the role until a permanent replacement is found, Mr. Meise said. The alternative investments manager also is searching for a head of risk management and chief marketing officer, positions previously held respectively by Larry Weithers, who was also a managing director, and Kathleen Powers Dunlap. Both left this week. Mr. Meise said Mr. Weithers' duties will be assumed by an interim risk head who has not been named. Mr. Meise didn't have information about an interim replacement for Ms. Dunlap. She had been commuting between her San Francisco home and Ritchie's Geneva, Ill., headquarters and became a consultant to San Francisco-based FEMMX Financial's Women's Equity Mutual Fund, Mr. Meise said. Additionally, Stephanie Mayo, an operations specialist, left the firm recently. Mr. Meise said her duties were assumed by others on the operations team. Mr. Meise had no information on what Mr. Weithers or Ms. Mayo are doing now. On the other side of the world, Ritchie Capital expanded staffing in its Hong Kong office with the addition of Rakesh Mital and Julian Ball as managing directors, Asia Pacific. Both positions are new. The two will focus on alpha generation in hedge funds, private equity, venture capital, international equities, venture finance, real estate and other opportunities in China, India, Korea, Taiwan, Australia and Singapore, Mr. Meise said. Mr. Mital was chief credit officer at GE Global Electronics Solutions, and Mr. Ball was head of JPMorgan's Asian financial restructuring and Asian power and utilities practices. Marie Cheung, a JPMorgan spokeswoman, did not respond by press time to a request for information about Mr. Ball's replacement.
Clayton Coplestone was named head of distribution for greater China and country head for Hong Kong at Deutsche Asset Management, according to a news release. He is responsible for expanding the distribution of the firm's products to both retail and institutional investors across China, as well as building and managing DeAM's Hong Kong business. Mr. Coplestone was head of Asian distribution outside Japan at Credit Suisse; he was replaced by Peter Ryan-Kane, said spokeswoman Suzanne Fleming.