Stephen Blyth will join Harvard Management Co. as a vice president and head of HMC's international fixed-income portfolio management group, said John Longbrake, HMC spokesman. Mr. Blyth is the first executive to hold the position under Mohamed A. El-Erian, who became president and CEO of HMC early this year. Maurice Samuels, who had headed the group, departed with HMC President Jack Meyer to join Mr. Meyer's hedge fund firm late last year. Mr. Blyth, who received a Ph.D. in statistics from Harvard University in 1992, will also join the faculty of the university's statistics department as a visiting scholar, according to an internal announcement at HMC, which manages $25.9 billion in endowment money and other university- related assets for Harvard University, Cambridge, Mass. Executive recruiting firm PrinceGoldsmith assisted HMC in filling the position. Mr. Blyth is managing director of the global rates proprietary trading group with Deutsche Bank in London, according to the internal announcement. Stephanie Smart, a London-based spokeswoman for Deutsche Bank, said company officials are in the process of filling Mr. Blyth's position.
Richard Allen and Norman Ruggles were named finalists for the executive director position at the $2.6 billion Denver Public Schools Retirement System, according to the fund's website. They will be interviewed by the board of trustees on Sept. 9, and the new executive will be named Sept. 11 at the system's regular monthly meeting. Mr. Allen is assistant superintendent of budget and finance for the Denver Public School District; Mr. Ruggles is executive director of the $1.9 billion Seattle City Employees' Retirement System. The system has not had a permanent executive director since David Stella left in November 2003. Bob Scott was interim director until his retirement at the end of 2005, and John MacPherson, communications director, took on the interim role in January.
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. 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.
Christopher Darby will join In-Q-Tel as president and CEO, said Donald W. Tighe, vice president of the venture capital firm established by the Central Intelligence Agency. Mr. Darby will replace Scott Yancey, interim president and CEO; Mr. Yancey's new position will be announced Sept. 18, when Mr. Darby joins the firm, Mr. Tighe said. Mr. Yancey was In-Q-Tel senior executive officer and CFO before becoming president. Mr. Darby is vice president and general manager, middleware products division, at Intel Corp.
Victor Ugolyn, president and CEO of William D. Witter, is no longer with the firm, confirmed a source at the money management company. Dean "Kip" Witter III, chairman, didn't immediately respond to e-mailed questions. Irving Strauss, a spokesman for the firm, was not immediately available for comment. Mr. Ugolyn joined the money manager 18 months ago, taking an undisclosed stake in the firm; William D. Witter's most recent ADV filing with the SEC showed Mr. Ugolyn holding a stake of 10% to 25%.
Collette Chilton, CIO of Lucent Asset Management, which manages the $34 billion pension fund of Lucent Technologies Inc., Murray Hill, N.J., is leaving the firm to become the first CIO of Williams College's $1.5 billion endowment. Ms. Chilton's last day at Lucent will be Sept. 8, Lucent spokeswoman Joan Campion said. No announcement has been made about Ms. Chilton's replacement, and Ms. Campion refused to provide details about how the position will be filled. Ms. Chilton will start at Williams College, Williamstown, Mass., in October, said Jim Kolesar, college spokesman. The endowment has been managed voluntarily by the finance committee of the college board of trustees, but "that model became unsustainable," Mr. Kolesar said. Ms. Chilton will be based in Boston.
The Public School and Education Employee Retirement Systems of Missouri, Jefferson City, named four new members of its investment staff, confirmed Craig Husting, CIO of the $28 billion plan. Frank Aten was named director of debt and absolute return; Anne McDermott was named director of public equity; Travis Allen was named investment officer in private equity; and Chhayhea Sam was named investment officer in real estate. Mr. Aten was managing partner and CIO at Rockwood Capital Advisors. Tony Brown, a spokesman for Rockwood, declined to comment. Ms. McDermott was an equities investment officer for the New York City Comptroller's Office. Laura Rivera, spokeswoman for the comptroller's office, was not available for comment at press time. Mr. Allen was a research analyst for Summit Strategies Group. Tim Hayden, director of human resources for Summit, was not available for comment at press time. Ms. Sam, who will join the plan Sept. 20, is an asset manager for Affordable Equity Partners. Lisa Pilkington, recruitment and retention specialist for Affordable Equity said the firm is not looking to fill Ms. Sam's position.
Peter Clark was promoted to chairman of Schroder Investment Management North America, a new position, and Jamie Dorrien-Smith will be chief executive officer and head of distribution in North America, said Nik Ekholm, spokesman. Mr. Clark was CEO. Mr. Dorrien-Smith will remain head of the global financial institutions group. Steven Johnson, the former head of distribution in North America, left the firm recently to become the founding partner of DLB Capital, a new private equity firm in Greenwich, Conn., Mr. Ekholm said.