William T. Spitz, CIO of Vanderbilt University, Nashville, Tenn., is retiring. He said he will remain until a successor is appointed. The search could take six to eight months, Mr. Spitz said; the university will likely retain an executive recruiting firm but has not yet begun an active search for a replacement, he added. Since Mr. Spitz became CIO in 1985, the size of the university's endowment increased to $3 billion from $300 million, according to a university news release. Mr. Spitz will resume teaching at Vanderbilt's Owen Graduate School of Management, where he is a clinical professor of management and finance, as early as spring 2007.
Richard M. Ennis will become editor of the Financial Analysts Journal on Dec. 1, succeeding Robert Arnott. Mr. Ennis will remain chairman of Ennis Knupp + Associates, the consulting firm he co-founded in 1981. Mr. Ennis said the timing is propitious because he has been phasing out all but a few of his client relationships over the past year, although he will continue to work at the consulting firm full time. Mr. Ennis plans no major changes in the FAJ's content. He praised Mr. Arnott for returning the journal to its mission of being the leading investment journal for investment practitioners. Many chartered financial analysts had complained the journal had become too academically oriented under former editor Gifford Fong. Mr. Ennis said he plans to cultivate leading academics and investment experts and be an international ambassador for the publication.
Jeffrey T. Prince was named managing director of the structured credit team at Babson Capital Management, confirmed spokesman Christopher Ranjitkar. Mr. Prince will be responsible for security analysis, selection and portfolio strategy/management of collateralized debt obligations. It is a new position, and he will report to Matthew Natcharian, managing director and head of Babson Capital's structured credit team. Mr. Prince was a CDO strategist for Citigroup. Jon Diat, Citigroup spokesman, could not immediately comment on whether a replacement had been selected for Mr. Prince. Babson Capital had $87.5 billion in assets under management as of June 30.
Deborah LaBerge was appointed managing director and head of U.S. sales-Eastern region at Scottish Widows Investment Partnership. She will be based in New York. Ms. LaBerge left her previous position as managing director client services at Seix Advisors in late 2005, said SWIP spokeswoman Christine McAllister.
Jorge F. Fernandez was named vice president and CFO of Anchor Point Capital, confirmed Matthew Crowe, manager of investor relations. It is a new position. Mr. Fernandez reports to Timothy Crowe and Albert Hsu, managing directors. Anchor Point opened in January, Matthew Crowe said. Mr. Fernandez was CFO at a private equity firm that Matthew Crowe declined to identify.
Leopoldo Andreis de Gregorio was made a partner at Benson Elliot Capital Management, said Rachel Drysdale, spokeswoman. It is a new position. Mr. de Gregorio was vice president and director of Lehman Brothers Real Estate Partners. Serra Balls, Lehman Brothers spokeswoman, said Mr. de Gregorio will not be replaced; his duties will be assumed by other members of the real estate team.