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.
Stephanie Neely was named Chicago city treasurer, effective Dec. 1. She was a vice president of institutional sales at Northern Trust Global Investments, 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.
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.
Christopher Burnham was named vice chairman and managing director of Deutsche Asset Management, a new position, said spokeswoman Mayura Hooper. Mr. Burnham, who resigned as under-secretary general of the United Nations in late October, will join the firm next week. He will be on DeAM's global operating committee, responsible for generating new client relationships, and also take on a number of "special projects," said Ms. Hooper; she was not able to provide additional details. He will report directly to Kevin Parker, global head of DeAM. Mr. Burnham also served as the president and CEO of Columbus Circle Investors, a PIMCO subsidiary, and a vice chairman of PIMCO, from 1997 to 2001; he was Connecticut state treasurer from 1995 to 1997.
Jonathan Coleman and Gibson Smith were named co-CIOs at Janus Capital Group; they will be responsible for the firm's equity, fixed-income and money-market teams. Janus CEO and CIO Gary Black will turn over his chief investment officer duties and focus on increasing the firm's assets, which were $158.3 billion as of Sept. 30, according to a news release. Mr. Coleman will continue to run the Janus Enterprise Fund and other midcap growth portfolios. Mr. Smith will continue to manage the Janus High-Yield Fund and the Janus Short-Term Bond Fund and co-manage the Janus Balanced Fund with Marc Pinto. The co-CIO positions also replace a four-CIO structure in which Mr. Coleman and David Decker were in charge of Janus' U.S. core and growth equity; Mr. Smith led fixed-income and money market strategies; and Jason Lee oversaw global and international equity. Mr. Decker remains a portfolio manager of the Janus Adviser Long/Short Fund and the Janus Contrarian Fund, while Mr. Lee remains lead portfolio manager of the Janus Worldwide Fund.
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.
David Kiddie will take over as CIO of equities at ABN AMRO Asset Management in early 2007, confirmed Emma Oakman, spokeswoman. He will replace Kevin Smith, who is leaving to devote more time to his 7-year-old son, who has a rare and incurable medical condition, according to a news release. Mr. Kiddie will report to Sarah Russell, CEO of ABN AMRO Asset Management. "Kevin has been a valuable member of the management team, and we respect the difficult choice that he has had to face," Ms. Russell said in the release. Mr. Kiddie is head of equities at Baring Asset Management. He will be replaced by Tim Scholefield, head of global equities, Baring' spokeswoman Marisa Elliott said. Mr. Scholefield will retain his current responsibilities.
Jolyne Caruso, head of global absolute strategies at Lehman Brothers, is leaving the firm. Ms. Caruso has overseen Lehman's single-strategy hedge fund and hedge fund-of-funds businesses, which has about $6 billion under management, since March 2005. The timing and reason for Ms. Caruso's departure are not clear. Randall Whitestone, a Lehman spokesman, would only confirm Ms. Caruso will be leaving.
Terry Mellish, head of U.K. institutional business for asset management at Credit Suisse, will leave the firm at the end of the month "to pursue another opportunity outside the firm," said Wesley McDade, a Credit Suisse spokesman in New York. John Kremer, the newly appointed head of institutional distribution for Europe, will take on Mr. Mellish's day-to-day responsibilities until a replacement is recruited, Mr. McDade said. Mr. Mellish would not comment. He has been with the firm since October 2004.