David Musto joined JPMorgan Funds as a managing director to run the retirement and defined contribution investment-only business, said Kristen Batteria, spokeswoman. It's a new position. He was a senior vice president at Prudential Retirement. Darrell Oliver, spokesman for Prudential, did not return calls seeking information about Mr. Musto's replacement. Additionally, Glenn Dial joined JPMorgan Funds as a senior retirement sales specialist, a new position. He was national sales manager for the Princeton Retirement Group. Erik Hendrikson, spokesman, did not return calls by press time.
Chris Hitchen, chief executive of the £18 billion ($35.5 billion) Railways Pension Trustee Co. Ltd., London, was appointed chairman of the National Association of Pension Funds, spokesman Andy Fleming confirmed. Mr. Hitchen, who will retain his position at Railpen, will assume his NAPF duties in May, when current Chairman Robin Ellison ends his two-year term. Mr. Hitchen served a two-year term as chair of the investment council of the NAPF, which represents 1,300 U.K. pension funds with combined assets of about £800 billion.
Jerome Garffer was named senior vice president at Hunt Financial Services, said Jeffrey Cagnina, president. It is a new position. Mr. Garffer will market the firm's single-manager hedge funds and multistrategy fund to public pension systems. He was a senior vice president at INVECSO, where his responsibilities have been reassigned to other sales and marketing team members, said Bill Hensel, spokesman.
Kathy Jeramaz-Larson was named executive director of the Institutional Limited Partners Association, a trade association of private equity institutional investors, said Deanna Bradley-MacAskill, executive assistant. She replaces Arlett Tygesen, the organization's first executive director, who left for family reasons. Ms. Jeramz-Larson was the COO at Macdonald & Associates, a private equity and venture capital market research firm.