Carol A. McFate was named chief investment officer of Xerox Corp., Stamford, Conn. She will oversee Xerox’s $4.1 billion defined benefit plan and $4.6 billion 401(k) plan, said spokeswoman Christa Carone. Xerox outsourced its pension management to General Motors Asset Management in 2001. Its last CIO was MaDoe Htun, who left in 2004. “Carol has been brought in to resume the CIO role and provide oversight for the GMAM relationship and management of assets,” said Ms. Carone. Ms. McFate was executive vice president and global treasurer of XL Capital Ltd., Hamilton, Bermuda. Prior to that, she was vice president and treasurer of American International Group. Christine Weirsky, spokeswoman for XL Capital, did not return calls seeking information about Ms. McFate’s replacement.
Vanderbilt University officials hired executive search firm Prince Goldsmith to find a replacement for William Spitz, vice chancellor of investments and treasurer. Mr. Spitz manages the Nashville, Tenn.-based university’s $3.2 billion endowment and roughly $800 million in working capital and trust funds, Mr. Spitz said. He announced his resignation last year, but is staying on until a replacement is found. No timeline for a replacement has been determined.
Town of Falmouth (Mass.) Contributory Retirement System is searching for a retirement manager to replace outgoing Executive Director Ellen Philbin, who will leave the $75 million fund in the next few months, Ms. Philbin confirmed. She declined to comment on her plans. Fund officials tentatively hope to hire someone by the end of April, she said. Letters of interest and resumes should be sent to [email protected] by March 23.
Wallace Foundation, New York, is seeking an investment analyst to help oversee its $1.5 billion fund, confirmed Lucas B. Held, director of communications. It is a new position; duties will include assisting in evaluating investment managers, and qualifications include strong quantitative, analytical and research skills. Candidates may apply to [email protected].
Michelle Fenton, lead portfolio manager of the $965 million AIM Technology Fund, left the firm March 12, according to spokesman Ivy McLemore. He declined to provide further details on Ms. Fenton’s departure. Lanny Sachnowitz, chief investment officer of AIM’s growth investment management unit, is replacing Ms. Fenton as interim portfolio manager of the fund. Mr. Sachnowitz was also temporarily added to the technology management arm of the $715 million AIM Multi-Sector Fund. AIM Investment officials will search for a permanent replacement and have not decided whether to hire an executive search firm, said Mr. McLemore.
Christopher T. Pasko will join The Blackstone Group in June as senior managing director in its corporate advisory group, said spokesman John Ford. It is a new position. Mr. Pasko is managing director at Morgan Stanley and part of the East Coast technology banking group. Spokeswoman Marie Ali declined to comment on Morgan Stanley’s plans to replace him.
Andrew Black and Tim Greatorex were named co-heads of Citigroup Alternative Investments’ global credit structures business, which develops and provides investment, funding and operational support services to structured investments, confirmed spokesman Jon Diat. Mr. Black will remain managing director and head of London credit structures, and Mr. Greatorex will remain managing director and head of structured investment vehicles. The two, who report to Dean Barr, managing director and head of liquid alternative investments, both replace Charles Covell, the business head of GCS, who will retire in June.
Kurt Wolfgruber was named president of OppenheimerFunds, confirmed spokeswoman Jeaneen Pisarra. Mr. Wolfgruber, who has been the firm’s CIO, took on the additional role from John V. Murphy, who will continue as chairman and CEO. The move was made to broaden the management team, said Ms. Pisarra, who added Mr. Wolfgruber will now specifically focus on the company’s retail and wealth management businesses.
Joe Russo joined real estate firm Tishman Speyer as a managing director in its equity capital markets group, said spokesman Rick Matthews. It is a new position; the firm is expanding its capital raising group, Mr. Matthews said. Mr. Russo was a managing principal at Westbrook Partners, a real estate investment firm. Mary Hull, principal with Westbrook Partners, did not return calls seeking information about a replacement.
Tim Norman joined real estate fund manager Europa Capital as CEO of its new Europa Emerging Europe Fund, which has e600 million ($788.8 million) in assets under management, said spokesman Patrick Allerton. Mr. Norman was a senior banker at the European Bank of Reconstruction and Development.
Dan Brennan joined Diversified Investment Advisors as vice president of Taft-Hartley sales. He replaced Jim Byrne, said spokeswoman Nina Dietrich. Mr. Brennan was a vice president of sales at MassMutual Retirement Services. Jim Lacey, MassMutual spokesman, did not return calls seeking information on Mr. Brennan’s replacement.
