Stephanie Neely, vice president of institutional sales at Northern Trust Global Investments, is leaving to firm to become Chicago city treasurer, effective Dec. 1, confirmed Northern Trust spokesman John O'Connell. Ms. Neely will oversee management of short-term investments for the four City of Chicago and Chicago Board of Education pension funds: the $10.9 billion Public School Teachers' Pension and Retirement Fund of Chicago; the $6.2 billion Municipal Employees' Annuity and Benefit Fund of Chicago; the $3.9 billion Chicago Policemen's Annuity and Benefit Fund; the $1.6 billion Chicago Laborers' Annuity and Benefit Fund; and the $1.1 billion Chicago Firemen's Annuity and Benefit Fund. She replaces Judith C. Rice, who left the treasurer position to join Chicago Mayor Richard M. Daley's staff as assistant to the mayor on economic development. NTGI will look for a replacement. Ms. Neely, who joined Northern Trust last year, had been managing director and head of the municipal finance group at Blaylock & Partners, according to a news release from the mayor's office.
Easthampton (Mass.) Retirement Board is searching for an administrator to handle day-to-day operations for the $23.8 million pension plan, according to a posting on Massachusetts Public Employee Retirement Administration Commission's website. Previous administrator Heather Schrauben left earlier this year. No information was available concerning where Ms. Schrauben went, and board Chairman James Dunham was not available to provide details. Applicants should submit a letter of application and resume postmarked by Nov. 7 to Easthampton Retirement Board, c/o James Dunham, Chairman, 199 Northampton St., Easthampton, MA 01027.
