Myers selected as Forstmann-Leff chairman

John Myers was named chairman of Forstmann-Leff today, less than three months after retiring as president and CEO of GE Asset Management. Mr. Myers said in an interview he will use his "expertise, network and background to help formulate a strategy and vision for the future" of the firm, which was acquired by alternative asset management firm Angelo Gordon earlier this year. Mr. Myers will also become a partner in Angelo Gordon. Dana Troxell, president and CEO of Forstmann-Leff, will remain responsible for the day-to-day management of the firm. Mr. Myers said he has worked closely with members of Fortsmann-Leff's small-cap growth team, led by Senior Managing Director and CIO Elizabeth Dater, since the team first began managing money for General Electric Co.'s $53 billion pension plan about 20 years ago. He played a role in introducing the firm to Angelo Gordon executives earlier this year, before they acquired Forstmann-Leff, he added.