Paul Haggis will resign as president and CEO of the Ontario Municipal Employees Retirement System, Toronto, later this year, confirmed Debbie Oakley, a spokeswoman for the C$48 billion (US$40.5 billion) fund. No date has been chosen for picking an interim CEO. Ms. Oakley said. Mr. Haggis and the board decided it was time for a change because the nature of the job changed after a new law covering the system was passed in mid-2006. Mr. Haggis' strength is creating new investment strategies, which he already has done for the system, Ms. Oakley said. She declined to elaborate on Mr. Haggis' career plans.
Simon Wong was named European head of corporate governance at Barclays Global Investors, confirmed Melissa McVeigh, a spokeswoman. He replaces Marion Collins, who left last year, and will report to Nicolaas Marais, head of active equities. Mr. Wong was a consultant advising clients on corporate governance at McKinsey & Co., confirmed John Cheetham, a spokesman. Mr. Wong has not been replaced, and Mr. Cheetham could not confirm whether the position will be filled.
