Keith M. Schappert was named CEO of the Americas for Credit Suisse's asset management business, according to a news release. Mr. Schappert will be based in New York and will report to David Blumer, CEO of Credit Suisse's global asset management business. Suzanne Fleming, spokeswoman, was not immediately available for further details. Mr. Schappert was president and CEO of Federated Investors' investment management subsidiaries; he resigned in January and was replaced by John Fisher.
Kansas Public Employees Retirement System, Topeka, issued an RFP for executive search firms to help the $12.3 billion plan find two investment officers, one for real estate and one for alternatives, confirmed Glenn Deck, executive director. Proposals are due by 5 p.m. CST Nov. 13. RFPs are available by contacting Yolanda Dickinson, human resources manager, at [email protected] Mr. Deck declined to comment further.
Malcolm MacColl was named managing director and head of asset management at Cowen and Co., a new position created as part of the investment bank's move into the investment management business. Mr. MacColl said the new business is an "important initiative" to Cowen, which was spun out into a separate business by former parent Societe Generale. Mr. MacColl will be based in Boston and will report to Kim Fennebresque, chairman and CEO of Cowen. Mr. MacColl will also serve as a member of Cowen's operating committee. Mr. MacColl was co-CEO and managing principal of Essex Investment Management. Christopher McConnell, Essex's co-CEO, managing principal and CFO, will take on those duties exclusively, said Stewart Lewack, Essex spokesman.
Lillyn Teh was named managing director of quantitative research and risk management at Oppenheimer Capital, and Anne Budlong was named a senior vice president and research analyst on the firm's global and international equity team, focusing on European stocks, confirmed spokesman Jeff Sharan. Both positions are new. Ms. Teh was director of research for quantitative strategies at Citigroup Asset Management. Ms. Budlong was an international portfolio manager at Credit Suisse Group. Suzanne Fleming, spokeswoman for Credit Suisse, could not be reached for information on Ms. Budlong's replacement.
Paul Simmons was hired as a partner at Apollo Real Estate Advisors to lead the firm's first Mexican investment strategy, said Michelle Manoff, spokeswoman. Apollo will invest in the region through a new fund, the Apollo Real Estate Finance fund, which is currently being raised with a $600 million target. Mr. Simmons was risk manager for GE's Capital Markets business in New York.