David J. Adams, executive director of the $16.1 billion Indiana Public Employees' Retirement Fund, Indianapolis, will leave effective June 1, the fund announced. Mr. Adams submitted his resignation to Gov. Mitch Daniels, who nominated him to the post in March 2005.
Mr. Adams said in an interview that he made a commitment to the governor to lead PERF for two years to improve customer service and the reputation of the fund, and "I believe I've delivered on my promise to engineer a turnaround at PERF." He said he is undecided on his future plans.
Mr. Daniels plans to nominate a new executive director and have the person in place by the time Mr. Adams departs, according to the statement and Mr. Adams. Any nomination requires the approval of the fund's board of trustees.
Jane Jankowski, spokeswoman for Mr. Daniels, said she believes an executive recruiting firm will not be used to find a replacement.
Bob Jacksha was named CIO of the New Mexico Educational Retirement Board, Santa Fe. He replaces Frank Foy, who expects to retire from the $9.1 billion fund at the end of the year. Mr. Jacksha was deputy CIO at the $14.1 billion New Mexico State Investment Council, also in Santa Fe. Mr. Jacksha has not been replaced, said Charles Wollman, public information officer for the council. His duties have been shifted internally.
Daniel Keith Kingsbury was named president and CEO of Pioneer Investment Management USA, effective March 1, said spokeswoman Tara Pescatore. Mr. Kingsbury replaces Osbert Hood, who resigned in early January to become president of MacKay Shields. Mr. Kingsbury has been the Milan-based CEO of Pioneer's new markets division, overseeing the money manager's operations in Central Europe and Asia. The new markets division will be split into separate European and Asian groups, Pioneer spokesman Geoff Smith said. Werner Kretschmer, senior general manager of Pioneer unit Bank Austria-Creditanstalt, will take over the European arm, and Angus Stening, currently head of European emerging markets in the new markets division, will take over the Asian arm. Mr. Smith said new titles for Messrs. Kretschmer and Stening haven't been decided on yet.
Ian Fishwick, head of U.K. fixed income at Credit Suisse, is leaving the company, spokeswoman Lisa Goddard confirmed. A departure date has not been set, although CSAM has already begun the search for his replacement. Further information could not be learned by press time.
Jenny Morton was appointed director of consultant relations for Europe, the Middle East and Africa at Putnam Investments. It is a new position, and she will be based in London. She was managing director and director of consultant relations and institutional products for Putnam in Tokyo; no additional details were available about the position in Japan.
Natalie A. Birrell joined hedge fund manager Anchorage Capital Group as COO, according to a client letter from the firm's founders, Kevin Ulrich and Anthony Davis. The position is new. Ms. Birrell will be responsible for all non-investment activities, including operations, legal and compliance, marketing and investor relations. Ms. Birrell was COO and managing director at hedge fund-of-funds manager Arden Asset Management; she left the firm in mid-December. Ms. Birrell has not been replaced, according to a spokesman at Arden who asked not to be identified.
Prabhu Palani joined Mellon Capital Management as director of active equity strategies, said Mike Dunn, spokesman. It is a new position. Mr. Palani was a senior vice president, director of institutional strategies and portfolio manager at Franklin Templeton Investments, where he was responsible for structured equity portfolios. Holly Gibson Brady, Franklin Templeton spokeswoman, did not return calls seeking information about Mr. Palani's replacement.
William C. Pryor joined State Street Corp. as senior vice president and head of global performance and analytic services, according to a news release. It is a new position. He was president and CEO of Russell/Mellon Analytical Services. Mellon spokesman Joe Ailinger couldn't immediately be reached for comment.
Kevin Faxon was promoted to head of Americas real estate business for JPMorgan Asset Management, said spokeswoman Jacqueline Meere. It is a new position. He is a managing director. He was portfolio manager of the $3.7 billion Special Situation Property REIT. Justin Murphy, managing director and current head of the Northeast real estate acquisition team, will replace Mr. Faxon as portfolio manager on June 30.
(updated with correction)
Karen Christofferson was hired as a senior vice president at Helix, the private equity placement agent subsidiary of Jefferies & Co., said Liz Bernstein, Jefferies spokeswoman. It is a new position. Ms. Christofferson was a vice president with JPMorgan Chase.
Peter D. Noris was named chief investment officer of Ivy Asset Management. The hedge fund-of-funds manager restructured the CIO role after Adam L. Geiger left the firm in mid-December, said Sean Simon, Ivy co-president. Mr. Simon said Stuart Davies assumed Mr. Geiger's strategic and oversight duties when he was named global head of investments in mid-December. Mr. Noris will serve as adviser to the heads of Ivy's research, portfolio management, risk management and operational due diligence areas. The structured credit group at Ivy also will report to Mr. Noris. Messrs. Noris and Davies both report to Mr. Simon. Mr. Noris was CIO of Northstar Financial Services in Bermuda. Information about his replacement was not available at press time.
David M. Rose was named a portfolio manager of institutional midcap growth equity accounts at Pyramis Global Advisors, according to a news release. The position is new. Mr. Rose was a vice president and senior portfolio manager with American Century Investments, where he co-managed three midcap growth funds, including the $1.2 billion Heritage fund and the $1.1 billion Giftrust fund. Glenn A. Fogle and David M. Hollond, managers of American Century's $2.4 billion Vista fund, will handle Mr. Rose's duties, joining co-manager Kurt Stalzer on those two funds as well as the $369 million VP Capital Appreciation fund, said Brian Spano, American Century spokesman. Also, Brad Eixmann, an analyst for the Vista fund, was promoted to a portfolio manager for the fund.
Lynda Schweitzer was promoted to portfolio manager on Loomis Sayles' global fixed-income team, joining Kenneth Buntrock and David Rolley, said spokeswoman Erin Heggerick. It is a new position. Ms. Schweitzer was a portfolio specialist responsible for implementation of the global fixed-income strategy across all portfolios as well as overseeing trading and compliance-related issues. The global fixed-income team currently manages more than $12 billion in assets. Michele Baxter, a member of the investment-grade trading team, will replace Ms. Schweitzer, Ms. Heggerick said.
Jack Gray was named co-director of asset allocation at Grantham Mayo van Otterloo, confirmed Tucker Hewes, a GMO spokesman. It is a new position. Mr. Gray will retain his global investment strategy role at GMO Australia and is expected to join the Boston office in the first half of the year. Mr. Gray will jointly head the asset allocation team with Ben Inker, co-director of asset allocation, in Boston.
Matthew Smith was promoted to president and CIO of fixed-income manager Smith Affiliated Capital, confirmed Mr. Smith's father, Robert Smith, chairman and CEO of the eponymous firm. Robert Smith had been president and CIO. Matthew Smith was vice president of business development and a portfolio manager for the company's enhanced fixed-income strategies. A search is under way for a replacement. The company has more than $1.6 billion in assets under management, according to its website.
Francois Trahan was named senior managing director and head of portfolio strategy and quantitative research at fund manager International Strategy & Investment Group, confirmed spokeswoman Sharon Bially. Mr. Trahan, who will join the firm's research group, reports to Ed Hyman, chairman. Mr. Trahan replaces Jason Trennert, chief investment strategist, who resigned earlier this month; further details on his departure were not available. Mr. Trahan was chief investment strategist at Bear Stearns, Ms. Bially confirmed. Bear Stearns spokeswoman Elizabeth Ventura was not available for comment at press time.
David L. Goret was promoted to senior managing director at GSC Group, an alternative investment manager, said Roland Tomforde, GSC spokesman. Mr. Goret, who was managing director, joined the firm in 2004 as chief compliance officer and general counsel.
Robert D. Goldbaum joined Affiliated Managers Group as a senior member of the management team, focused on new investments, said spokeswoman Laura Nicoll. Mr. Goldbaum will report to Darrell W. Crate, executive vice president and chief financial officer. Seth W. Brennan, executive vice president of new investments who resigned Feb. 2, had headed up AMG's new investments efforts since joining the firm in 1995. Ms. Nicoll said she couldn't provide details about Mr. Brennan's plans. Previously, Mr. Goldbaum was a partner at law firm Simpson Thacher & Bartlett, responsible for the group that focused on transactions in the asset management industry.
Separately, Gregor Rennie joined AMG as managing director of the new office in Sydney, said Ms. Nicoll. Australian clients accounted for roughly $5 billion of AMG's $241 billion in worldwide assets under management at the end of 2006. Previously, Mr. Rennie was head of business development with GMO Australia. GMO spokesman Howard Monaghan said Mr. Rennie's responsibilities have been assumed by other team members.
Steven Huber was named vice president and senior portfolio specialist in the fixed-income division at T. Rowe Price Associates, said Brian Lewbart, spokesman. It is a new position. Mr. Huber will report to Mary Miller, director of fixed income. Mr. Huber formerly was chief investment officer at the State Retirement and Pension System of Maryland, Baltimore, but left the $37.5 billion system in January 2006 to become an adjunct professor at Johns Hopkins University, Baltimore. The CIO position has not been filled, according to the pension system's website.
William H. Donaldson, former SEC chairman, was named chairman of the newly created advisory council for Perella Weinberg Partners, an investment bank launched last June, confirmed spokesman Tim Metz. Mr. Donaldson will work on strategic issues and organizational and client matters. Mr. Donaldson will remain chairman of Donaldson Enterprises, a private investment firm, a firm he founded more than 20 years ago, according to Mr. Metz.
David Wickham was appointed a principal with INVESCO Private Capital, a new position at INVESCO's London-based private equity fund-of-funds business, said Bill Hensel, spokesman. Mr. Wickham was director at London-based money manager Insight Investment and member of the private equity investment committee. He has not been replaced, said Clea Bourne, Insight Investment spokeswoman.
Eilish O'Hagan was appointed managing director, head of U.K. and Ireland institutional new business and client servicing at Lehman Brothers Asset Management, said spokesman Jeremy Apfel. It is a new position. Ms. O'Hagan left as head of U.K. and Ireland institutional sales and client services at RCM (U.K.) last April to spend time traveling. She was replaced by Roger Miners, said Neil Dwane, RCM CIO Europe.
Rik Brouwer was appointed senior business development manager, a new position, in the Amsterdam office of Aberdeen Asset Managers, said spokesman James Thorneley. Mr. Brouwer was senior investment consultant at Watson Wyatt in Amsterdam, where he was replaced by Luigi Leo, Watson Wyatt spokeswoman Karin Kramer said. Mr. Leo was an investment consultant for Towers Perrin in Amsterdam; no further information was immediately available.
Michael Wright joined AXA Rosenberg as a director of U.S. institutional sales, focusing on public funds, said spokeswoman Jennifer Morgan. It is a new position. Mr. Wright will be based in the Greenwich, Conn., office, working with Orinda, Calif.-based Bill Barnes to serve public fund clients. Previously, Mr. Wright was an executive director at Morgan Stanley, responsible for new business development and client relationships for public pension plans. Morgan Stanley officials couldn't immediately be reached for information about a replacement.
Anne Marie Gagnon joined long/short equity hedge fund manager Voyager Management as a partner. She will be responsible for business development, including global marketing and distribution, and will head the firm's newly established New York office. The position is new, said Celene Ryan, Voyager spokeswoman. Ms. Gagnon was executive director in the alternative investment group within Morgan Stanley's global wealth management group. Christy Pollak, a Morgan Stanley spokeswoman, said Ms. Gagnon has not been replaced.
Thomas Shanklin was named senior consultant in the Los Angeles office of Wurts & Associates, said Jeffrey MacLean, chief executive officer. Mr. Shanklin will report to Scott Whalen, executive vice president and head of consulting services. Previously, Mr. Shanklin was president of Capital Solutions Distributors, a broker-dealer subsidiary of Capital Solutions Management, confirmed Shannon Smart, a spokeswoman with the parent company. There are no plans to replace him.