Randy Gerke was appointed interim director-retirement services for the Nebraska Public Employees Retirement System, Lincoln, which administers the state's $8 billion in retirement assets for school employees, state employees, judges and the Nebraska State Patrol. Mr. Gerke will retain his duties as accounting and finance manager. He replaces Anna Sullivan, who resigned this summer. No further information was available about selecting a permanent director.
Katrina F. Sherrerd will join Research Affiliates in late November as a principal and a member of the executive committee. She will oversee strategic planning and the firm's affiliations with other money managers. Research Affiliates largely depends on outside firms to distribute its investment products. Ms. Sherrerd will end a nearly 20-year tenure at the CFA Institute, where she was managing director of planning and professional development. Officials at the CFA Institute have not decided how it will seek a successor, said spokeswoman Cathy Valentine.
Robert Zerbst, CEO and president of C.B. Richard Ellis Investors will become chairman on Jan. 1, concentrating on building a new Asian real estate business, said Andrew Neilly, spokesman. Replacing him are William Harris, chief operating officer ,who will be president and COO, and Vance Maddocks, executive managing director, who will be CEO.
Pamela Hess was named director of retirement research at Hewitt Associates, said Maurissa Kanter, spokeswoman for Hewitt. Ms. Hess replaces Lori Lucas, who left in July to join Callan Associates as senior vice president and defined contribution practice leader. Ms. Hess was a senior investment consultant with Hewitt, which is searching for a replacement.
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.
Christopher M. Schrobilgen was named director of marketing and sales for Messner & Smith, confirmed Kathleen M. Malkin, managing director, client services. He replaces David Wescoe, who left in spring to become retirement administrator of the $3.5 billion San Diego City Employees' Retirement System. Mr. Schrobilgen, who will also become a member of the company's investment committee, reports to principals John Messner and Ellis Smith. Mr. Schrobilgen was an independent consultant for several years; before that, he was director of marketing at Navallier & Associates, Ms. Malkin said.
Steve Dyson was named senior vice president of European business development for investment management consultant Citisoft. The position is new. Mr. Dyson will manage relationships with outsourcing, hedge fund and wealth management clients, confirmed a spokeswoman who asked not to be named. He was a client executive for Bank of New York. No further details were available at press time, and Bank of New York spokesman Kevin Heine was not able to confirm whether a replacement is being sought.
Jennifer Chmel joined FASCore, the record-keeping subsidiary of Great-West Life & Annuity Insurance, as assistant vice president of sales, said Lisa Gigax, spokeswoman. It is a new position. Ms. Chmel was sales director for institutional retirement services at DST Systems. Jill Metzler, spokeswoman for DST, did not return calls seeking information on a replacement for Ms. Chmel.
Patrick Bannigan joined RiverSource Investments as senior vice president-asset management, products and marketing group, said spokesman Ryan Lund. Mr. Bannigan replaces Paula Meyer, who left the firm in August to pursue other opportunities, Mr. Lund said. Mr. Bannigan's responsibilities will include retail product development, business development and marketing, according to a news release. Previously, Mr. Bannigan was managing director and global head of product for Morgan Stanley Investment Management, where he was responsible for the firm's retail and institutional product lines. MSIM spokeswoman Andrea Slattery said Mr. Bannigan's responsibilities were assumed by other executives in a reorganization that separated oversight of the firm's retail and institutional operations.
Paul Morgan joined Evaluation Associates as a senior consultant working with defined benefit and defined contribution clients, said Steven Formanek, director of operations. It is a new position. Mr. Morgan was a senior consultant with Watson Wyatt Investment Consulting. Emily Rieger, spokeswoman for Watson Wyatt, did not return calls seeking information on a replacement for Mr. Morgan.
Elizabeth Komachi joined Heidrick & Struggles International as principal and member of the financial services practice, recruiting senior executives for traditional and alternative investment management companies. It is a new position, said Eric Sodorff, spokesman. Ms. Komachi was a director of executive recruiting company Whitney Group, where she was part of the financial services search practice.
George Curtis was named regional director of the SEC's central regional office, confirmed spokesman John Nester. He replaces Randall Fons, who stepped down in March to enter private practice. Mr. Curtis, who starts in mid-November, will manage the enforcement and examination programs in Colorado, North Dakota, South Dakota, Utah, Wyoming and New Mexico. Mr. Curtis was a partner in the Denver office of law firm Gibson Dunn & Crutcher.
Boston Advisors announced a new board of directors: Allan Bufferd, former Massachusetts Institute of Technology treasurer and head of the $8.4 billion endowment; Philip Halpern, former CIO at both the $3.5 billion University of Chicago and the $66.9 billion Washington State Investment Board, Olympia; Georgeanne Nicozisin, founder of Blue Morph Consulting; and Foster Aborn, one-time vice chairman of John Hancock Life Insurance. Boston Advisors was bought out from Merrill Lynch in an MBO in April.
Mayree C. Clark and Joel M. Podolny were named to Greenwich Associates' six-member board of advisers, which serves as a sounding board for strategic planning, said Joan Weber, spokeswoman institutional financial consulting firm. Ms. Clark is a partner in AEA Holdings, a private investment firm specializing in alternative assets including hedge fund investments, real estate and private equity. Mr. Podolny is dean of the Yale School of Management and a professor of management. They replace Peter Darling, chairman of Atlas Capital, a manager of hedge funds of funds and other alternative investments; and Jay O. Light, dean of the Harvard Business School and a professor of business administration. Messrs Darling and Light are leaving the board because of other commitments, Ms. Weber said.
Rep. Earl Pomeroy, D-N.D., was the first recipient of the National Council on Teacher Retirement's "Annual Award for Outstanding Service to Public Pensions," according to NCTR spokeswoman Kelly Kenneally.
"Congressman Pomeroy was the clear choice to be the first recipient of this award because he is at the forefront of efforts to protect retirement security for the citizens of North Dakota and workers across the nation," Clare Barnett, president of NCTR, said in a news release. "He knows that pensions go beyond retirement security — they help retain and recruit a work force that delivers vital taxpayer services such as education for our children, police protection for our streets, and first responders for emergencies."
The National Council on Teacher Retirement membership includes 77 state, territorial, local and university pension systems with trust funds with a combined $1.4 trillion in assets.