Ron Lepin joined Morgan Stanley as managing director and COO of its infrastructure business, a new position, said spokeswoman Erica Platt. Mr. Lepin was vice president of infrastructure at the C$96 billion (US$84.1 billion) Ontario Teachers Pension Plan, Toronto. His duties will be assumed by Jim Leech, senior vice president of private equity, until a replacement is found, said Deborah Allan, spokeswoman.
Alan H. Dorsey was named managing director of Lehman Brothers' investment management division. He will be co-head of portfolio strategy for high-net-worth investors, a position he will share with Aaron Gurwitz, managing director, who had been portfolio strategist. Both are new positions. Mr. Dorsey will lead Lehman's portfolio management for institutional clients, with an emphasis on alternative investments, said Randall B. Whitestone, a spokesman. Mr. Dorsey was managing director and head of non-traditional investments at consultant CRA RogersCasey. He will not be replaced; the firm is forming a business group focusing on non-traditional research.
Robert P. Seery was named senior vice president in alternative investment firm GSC Group's structured finance group, according to a spokesman who declined to be identified. It is a new position. Mr. Seery will help develop investment vehicles for the group. Mr. Seery was COO of International Asset Transactions, which offered trading, asset securitization and structured products investment management.