Michael Nobrega was named CEO of Ontario Municipal Employees Retirement System, Toronto, confirmed Debbie Oakley, spokeswoman for the C$48 billion (US$40.5 billion) fund. He replaces Paul Haggis, who announced his resignation Feb. 1. Ms. Oakley said she was not aware of Mr. Haggis career plans. Mr. Nobrega, who takes over March 12, was president and CEO of Borealis Infrastructure, an infrastructure investment firm created by OMERS in 2004. Michael Rolland, senior vice president at Borealis, was promoted to CEO, Ms. Oakley said.
Markus Hubscher was named country head for Switzerland at Barclays Global Investors, managing the firms Swiss-based institutional business. He replaces Claire Locher, who left the firm a year ago, said BGI spokeswoman Esther Nass-Fetzmann. Mr. Hubscher was head of index products for Credit Suisses asset management division. He left in November and was replaced by his deputy, Didier Boeckli, according to Credit Suisse spokesman Jan Vonder Muehll.
John Damian was named head of value equity at OppenheimerFunds, said spokeswoman Jessica Greaney. He replaces Chris Leavy, who was promoted in December to director of equities. Mr. Damian will remain lead portfolio manager of the $4 billion Oppenheimer Small and Mid-cap Value fund and co-manager of the $217 million multicap Oppenheimer Select Value fund.
Andrew Cestone joined Tattersall Advisory Group, Evergreen Investments fixed-income unit, as head of global high yield, said Evergreen spokesman Dan Flaherty. Five high-yield analysts who worked with Mr. Cestone at Deutsche Asset Management in Philadelphia until DeAM consolidated its high-yield operations in New York in August, also joined TAG: Charles C.J. Baldoni, Michael Brown, Howard Bryerman, Eran Grumberg and Robert McLaughlin. Mr. Cestone succeeds Gary Pzegeo, who was leading the high-yield team as well on an interim basis since the bulk of the firms existing team joined Hyperion Brookfield Asset Management in September. Mr. Pzegeo, a senior fixed-income portfolio specialist, will co-manage the groups high-yield portfolios with Mr. Cestone until July 2, when he will return to his portfolio specialist role. Mr. Cestone and his team will be based in Philadelphia.
Chip Castille, managing director and chief investment officer of Wilshire Funds Management, left the firm, spokeswoman Kim Shepherd confirmed. Mr. Castille left to pursue other opportunities, said Ms. Shepherd, who was unable to provide further details. He will be replaced by Jim Dunn, currently a vice president for Wilshire Funds Management. The firm, a division of Wilshire Associates, focuses on providing multimanager, hedge fund and customized investment strategies. Rob Feckner was re-elected to a third term as president of the California Public Employees Retirement System board of administration, Sacramento. The board oversees the $236.6 billion fund. Robert F. Carlson also was re-elected vice president for the third consecutive year. Sean R. Wallace was named senior managing director responsible for Asia Pacific at Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, confirmed spokesman Nigel Adam. It is a new position. Mr. Wallace, who will start in April, will be based in Hong Kong and report to Chief Executive Officer Richard Frank, who is based in Washington. Mr. Wallace was head of capital markets for Asia Pacific at JPMorgan Investment Bank. Brian Marchiony, spokesman at JPMorgan, couldnt immediately comment on plans for a replacement. Alexander Kozhemiakin joined Standish Mellon Asset Management as director of emerging markets strategies, a new position. He had been a senior vice president and emerging markets portfolio manager at Putnam Investments. Putnam spokeswoman Laura McNamara said Mr. Kozhemiakin wont be replaced. Keith Babbitt was named managing director and co-head of securities lending, global prime finance, North America, at Deutsche Bank, said Renee Calabro, a spokeswoman. It is a new position, which Mr. Babbitt will share with Paul Busby, who was promoted from director. Mr. Busby will retain his current job functions. The two will report to Anthony Byrne, head of securities lending, and Mark Haas, head of global prime finance, North America. The global prime finance unit works with hedge funds and hedge fund investors. Previously, Mr. Babbitt was head of North American securities lending at Merrill Lynch; a spokeswoman there was unable to say whether he has been replaced. Andrew Beaton and David Smith joined Capital Dynamics, a private equity asset manager, as managing directors in the firms London office, said Shona Prendergast, spokeswoman. Both positions are new. The two were co-founders and managing directors at Glenalta Capital, which finds co-investment deals in Europe for private equity investment management firms. They will continue to manage the firm, which will now work exclusively for Capital Dynamics, Mr. Smith said. Zach Cooper was promoted to partner at Highland Financial Holdings Group. He will report to Dean Smith, managing director and senior portfolio manager, and Paul Ullman, CEO of the alternative investment management firm. Mr. Cooper was director and portfolio manager of high-grade strategies and will be replaced by Sheila Huang. She will report to Eli Katz, executive vice president. Previously, Ms. Huang was director and mortgage-backed securities portfolio manager at Credit Suisse, a position that was eliminated as part of a restructuring, said spokeswoman Suzanne Fleming. Anthony F. Ecock joined private equity firm Welsh, Carson, Anderson & Stowe as a senior operating executive. Mr. Ecock was vice president and general manager, enterprise clients group, of General Electric Healthcare. No further information was available. David Stewart was named director of consultant relations at Numeric Investors, said Edward R. Goldfarb, managing director of business development. The position is new. Mr. Stewart replaces Mr. Goldfarb and Shana Sobral, director of client relations, who both had handled consultant relations. Mr. Stewart was director of consultant relations for Putnam Investments institutional business in North America. Putnam spokeswoman Laura McNamara said Mr. Stewarts responsibilities will be assumed by others on the consultant relations team.
Keith Thomas joined Putnam Investments in London as European consultant relations manager, said spokeswoman Helen Barnes. It is a new position. Mr. Thomas will report to Jenny Morton, managing director of consultant relations for Europe, Middle East and Africa/Asia Pacific. Previously, Mr. Thomas was head of consultant relations for Resolution Asset Management. Jonathan Polin, RAM sales and marketing director, said Mr. Thomas was replaced by Euan MacLaren. Wendy Brodkin joined T. Rowe Price as director of Canadian business development and client service, said spokesman Brian Lewbart. The position is new. Ms. Brodkin will open an office in Toronto. She had been practice leader, investment consulting central Canada, for Watson Wyatt; Janet Rabovsky, a senior consultant, assumed the duties of practice leader. Yvonne Sin was named to lead Watson Wyatt Worldwides investment consulting business in mainland China, according to a news release. She was previously head of global pensions in the social protection department of the World Bank. Further information was unavailable at press time.
David G. Nason will be nominated by President George W. Bush as assistant secretary for financial institutions at the Treasury Department, according to a White House statement. Mr. Nason, who is currently a deputy assistant secretary for financial institutions policy at the Treasury Department, will succeed Emil W. Henry Jr., who announced his resignation March 1 to re-engage with my family and return to private life.
Linda Scott joined Governance for Owners USA as senior consultant, a new position. Ms. Scott will assist in executing the firms proxy-voting services in the U.S. and marketing its stewardship services and Focus investment fund. She will also be a partner of Governance for Owners Group, the parent firm. Ms. Scott was doing consulting work after leaving TIAA-CREF in April as its director of corporate governance. She was replaced by Hye-Won Choi, who is vice president and associate general counsel.
Jill Brogan, vice president of marketing and client relations at Martingale Asset Management, was elected chairwoman of the Professional Association for Investment Communications Resources, confirmed spokeswoman Jeannette Caruso. Ms. Brogan replaces Ann Bohrer, whose term expired at the end of the year. Ms. Bohrer will remain a member of the board. PAICR is a membership organization for investment marketing and communications professionals.