SAN FRANCISCO — 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.
"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 chief investment officer 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.