Mark Kelley was hired as senior vice president and head of fund services for JPMorgan Worldwide Securities Services, a new position, confirmed spokeswoman Pamela Snook. Mr. Kelley, based in New York, will be responsible for expanding and building the custody, accounting, investment operations and administrative services the bank offers to mutual fund customers. He reports to Conrad Kozak, a senior vice president in the Worldwide Securities Services group. In an interview, Mr. Kelley said he will look to offer more services that enable mutual-fund clients to outsource back-office and middle-office functions. Mr. Kelley was a managing director at Citigroup in London, in charge of the securities and fund services for Europe, the Middle East and Africa. He will be replaced by Clive Triance, who was the head of that group and now becomes chief operating officer.
Frederick J. "Rick" Ruvkun was named lead portfolio manager on Lord Abbett's midcap growth equity team, confirmed spokesman Jason Farago. Mr. Ruvkun will now manage the Lord Abbett Growth Opportunities Fund and the Lord Abbett Mid-Cap Growth strategy. He reports to Bruce Bartlett, director of growth equity investments. Mr. Ruvkun replaces Kevin Ferguson, a partner who became an adviser on the growth equity investment team. Mr. Ruvkun was a partner at J.&W. Seligman, where he managed small-cap and small-to-midcap growth equities. Michael Alpert, senior vice president and investment officer, replaces Mr. Ruvkun at Seligman, said Mary Ann Sasco, a spokeswoman.
L. Kevin Kelly was named CEO and a director of Heidrick & Struggles International, confirmed Julie Creed, vice president-investor relations. Thomas J. Friel, current chairman of the executive recruiting company, stepped down as CEO to become non-executive chairman; company officials announced in June that Mr. Friel would move out of the CEO role. The board was expanded to 10 members to add Mr. Kelly as a director, Ms. Creed said. Mr. Kelly was president of the company's Europe, Middle East, Africa and Asia-Pacific regions. "He is working on decisions for who will replace him and expects to announce this soon," Ms. Creed noted.
William E. Macaulay, chairman and CEO of private equity firm First Reserve, donated $30 million to his alma mater, City University of New York, to purchase a building that will be the permanent home of the CUNY Honors College, confirmed Kristin Custar, assistant vice president of First Reserve. Honors College students do not pay tuition. "Education is important to him, and it is a school that could use the money," Ms. Custar said.
