John Myers was named chairman of ForstmannLeff on Sept. 19, 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. Mr. Myers noted that he has worked closely with members of FortsmannLeff'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.
C. Kim Goodwin joined Credit Suisse as managing director and head of equities for asset management, said spokeswoman Suzanne Fleming. Based in London, Ms. Goodwin will be responsible for all equity products in the Americas, Europe and Asia Pacific. She replaces Mark Burgess, who was appointed executive vice chairman and head of asset management for the Europe, Middle East and Africa region in May, according to a news release. Ms. Goodwin had been CIO of equities with State Street Research & Management; she left the firm when it was acquired by BlackRock in January 2005.
Norman Pao, director of pensions and investments at Waltham, Mass.-based Raytheon Co., is leaving to pursue other business interests, said spokesman Jon Kasle. Raytheon officials intend to replace Mr. Pao, who gained a reputation for innovative management of Raytheon's $20 billion in retirement assets. Mr. Kasle declined to say when Mr. Pao would be leaving. Mr. Pao couldn't be reached for comment.
Kathleen M. Lutito was named president and CIO of Qwest Asset Management, effective Sept. 23, overseeing the management of Denver-based Qwest Communication International's approximately $12 billion in pension assets, confirmed spokeswoman Diane Reberger. Ms. Lutito was director of asset allocation; no replacement has been announced. She replaces Kimberly Walker, who will be CIO for the $5 billion endowment of Washington University, St. Louis. Ms. Walker will oversee the university's $5 billion endowment. She also is chairman of the Committee on Investment of Employee Benefit Assets; on Jan. 1, she will be replaced by William F. Quinn, vice president of American Airlines Inc. and chairman and CEO of American Beacon Advisors, according to Judy Schub, CIEBA spokeswoman.
Roger Gray was named CIO of Hermes Pensions Management, which manages £62.7 billion ($119 billion) in assets, more than half of which belong to its anchor client, the BT Pension Scheme, according to spokesman Nick Denton. Mr. Gray will report to Mark Anson, former CIO of the $215.2 billion California Public Employees' Retirement System, Sacramento, who is now CEO of Hermes. Mr. Gray replaces Nick Mustoe, who joined Pictet Asset Management in July as CIO, head of equities. Mr. Gray has been an independent adviser to various asset managers and institutional investors since 2002; prior to that, he was CIO and head of institutional business at Rothschild Asset Management.