Jason Toussaint was named senior investment strategist for the global quantitative strategy team at Northern Trust Global Investments, confirmed spokeswoman Alexis Geocaris. Mr. Toussaint, who is based in London, will provide investment solutions focusing on index and enhanced index strategies for NTGI's client base in Europe, the Middle East, Africa and Asia. Ms. Geocaris could not say if Mr. Toussaint replaced anyone. Mr. Toussaint was head of index derivatives product development in Europe, Middle East, Africa and Asia for Morgan Stanley Capital International. Mary Beth Grover, spokeswoman for Morgan Stanley, was not able to comment at press time. Also, Joseph Molloy was named portfolio manager on NTGI's global quantitative strategy team, focusing on international equity index portfolios, including emerging market strategies. He replaces Mark Fitzgerald, who left the company; Ms. Geocaris had no further information on Mr. Fitzgerald. Mr. Molloy was a quantitative portfolio manager at State Street Global Advisors. Hannah Grove, SSgA spokeswoman, was not available for comment at press time.
Nathan Sandler was named managing partner at Canyon International, a new asset management affiliate of Canyon Capital Advisors, said John Simpson, COO of Canyon Capital. Mr. Sandler was co-managing director in charge of the emerging markets and international fixed-income group at TCW Group, along with Luz M. Padilla, who will now be sole manager of the group.
John Savage was named managing director and head of U.S. plan sponsor sales at the Bank of New York, confirmed spokeswoman Amy Shipper. Mr. Savage, who will work in the company's investor services division, will be responsible for overseeing sales to public funds, corporations, endowments, foundations and Taft-Hartley plans. The position was created to consolidate oversight of all plan sponsor sales. Mr. Savage had been a vice president responsible for marketing trust and custody services to plan sponsors at Northern Trust. Alexis Geocaris, spokeswoman for Northern Trust, said Mr. Savage's responsibilities have been absorbed by other members of the marketing and sales team.
Peter Baker was named head of investor services in Asia outside of Japan for State Street Corp., according to a news release. He will be based in Singapore and report to K.K. Tse, executive vice president and Asia Pacific's head of investor servicing operations for State Street. Mr. Baker was head of investor services for the U.K., Middle East and Southern Africa; spokeswoman Carolyn Cichon couldn't be reached by press time for additional information about Mr. Baker's replacement in the U.K. State Street had $11.3 trillion in global assets under custody as of Sept. 30.