Osbert Hood, president and CEO of Pioneer Investments, will join Mackay Shields in mid-January as president, said John Prom, senior managing director at Mackay Shields. The position is new. The announcement was first reported Thursday afternoon on Pensions & Investments' website, www.pionline.com. Mr. Hood will report to Ravi Akhoury, chairman and CEO, and assist in the day-to-day operations of the firm, said Mr. Prom. Pioneer is looking at both internal and external candidates to succeed Mr. Hood, who will leave the firm early next week, said spokeswoman Tara Pescatore.
Gregory Allen was named president of Callan Associates, replacing Ronald Peyton, who was appointed chairman of the board, said Nancy Malinowski, spokeswoman. Mr. Peyton will remain CEO and COO. Edwin Callan, founder and former chairman of the board of Callan Associates, will become chairman emeritus. The appointments were first reported Thursday afternoon on Pensions & Investments' website, www.pionline.com. "I have been Callan's president and chief operating officer since 1981, and it is my responsibility to put in place the next generation of management so we can remain an effective industry leader in the coming years," Mr. Peyton said in a news release. Mr. Allen, previously an executive vice president at Callan, will remain director of research. He will continue to oversee four groups: fund sponsor consulting, trust advisory, investment research and operations, and capital markets and alternative research, Ms. Malinowski said. Several individuals were promoted to lead these groups. Kelly Cliff, senior vice president and former manager of global manager research, was named CIO of the trust advisory group. James Callahan, senior vice president and co-manager of the San Francisco and Chicago offices, was named executive vice president and manager of the fund sponsor consulting group. Ivan "Butch" Cliff, formerly senior vice president and director of operations, was named executive vice president and director of investment research and operations. Jay Kloepfer, formerly senior vice president and director of capital markets research, was appointed executive vice president and director of capital markets research and alternatives research. In the global manager research group, both Greg DeForrest and Mark Stahl were promoted to senior vice president. Mr. DeForrest will manage the group, replacing Kelly Cliff, while Mr. Stahl will remain focused on U.S. equity, particularly small-cap products. Messrs. DeForrest and Stahl were previously vice presidents.
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Jamie Jenkins was named head of Japanese equities at F&C Asset Management, spokesman Sergei Cristo confirmed. It is new position. Mr. Jenkins will report to Mike Hanbury-Williams, head of Pacific equities. "Over the last two years, our core Japanese process has delivered strong performance," Mr. Hanbury-Williams said in a prepared statement. "Jamie's focus will be on implementing this across all our Japanese products." Mr. Jenkins had been fund manager of Japanese equities at F&C for about six years and will retain his current responsibilities.
Charles M. White was named chief strategist and co-portfolio manager of ThomasLloyd Global Asset Management's long-short equity fund, an open-end mutual fund, and Hugh Johnson was named chief strategist for the ThomasLloyd Funds and ThomasLloyd Global Asset Management (Americas), according to spokesman James Doyle. Mr. Johnson will also be co-portfolio manager of the long-short equity fund. Mr. White was former director of investments for Illington Fund Management, and Mr. Johnson will retain his role as chairman of Johnson Illington Advisors, a subsidiary of ThomasLloyd Global Asset Management. ThomasLloyd Global Asset Management advises about $1.7 billion in client assets.
Jim Ballard and David Smith were hired as managing directors at real estate and private equity firm Hawkeye Partners, and Jamie Kingsley was hired as vice president and controller, said Roy Miller, spokesman. Mr. Ballard was a principal of Staubach, a real estate firm that represents corporate tenants; Mr. Smith was director of the commercial solutions group for Perot Systems, a business consulting firm; and Ms. Kingsley was an assistant controller for INVESCO Real Estate.