Norman Pao was named managing partner at multistrategy investment firm Opus Select Strategies. He could not be reached immediately for further details. Mr. Pao left his position as CIO of Raytheon Co.s $24 billion in retirement assets last year.
Boris Onefater was named CEO of Dreman Value Management. Mr. Onefater, who joined the $22 billion money management firm in June 2006 as CFO and COO, will now assume the additional responsibilities of CEO, a position that has been vacant since Lloyd K. Jagai left the firm last year.
Thomas M. Hickey was promoted to managing director of private equity investment firm Castle Harlan, said Charles Storer, spokesman. Mr. Hickey was vice president.
Derek Sasveld was named senior investment strategist at Strategic Investment Group, a new position, said Deborah Boedicker, principal. Mr. Sasveld, who will join the firm next month, will be responsible for developing investment strategies for the $52 billion money manager and will work with the firms clients on investment policy issues. Mr. Sasveld was most recently a managing director and senior asset allocation strategist at UBS Global Asset Management. The company has not yet named a replacement, said spokesman Kris Kagel.
John Brady joined Oaktree Capital Management as a managing director and head of its global real estate group, Mr. Brady confirmed. He will lead the firms efforts to revamp its real estate investment strategy. Well be focusing on larger transactions with more institutional partners and lending sources, he said. Well be fundraising in the later half of 2007. Mr. Brady replaces Russel S. Bernard, who left to form Westport Capital Partners, where he is managing partner. Mr. Brady was a principal at real estate investment firm Colony Capital; his duties there will be handled by the remaining 11-member acquisitions team headed by Darren Tangen, vice president, said Owen Blicksilver, Colony spokesman.
Eric Kirsch was named head of global insurance asset management at Goldman Sachs Asset Management. It is a new position. He will join the firm this summer, confirmed spokesman Christopher Williams. Mr. Kirsch will be responsible for distribution, portfolio management and accounting services for GSAMs insurance clients.
He was global head of Deutsche Asset Managements insurance business, the largest insurance asset manager, with roughly $140 billion in assets. Robert Goodman, managing director and global head of insurance relationships at DeAM, along with Deutsche management, are reviewing the management structure of the insurance business and expect to name a new business leader shortly, said spokeswoman Mayura Hooper.
Farzine Hachemian, Ann Tucker and Charles Carre will join hedge fund-of-funds manager Ivy Asset Management during the next few weeks. All three positions are new, said Steve Bruce, an Ivy spokesman. Mr. Hachemian will be a director in the portfolio management group, according to a letter the firm sent its clients. He will manage hedge fund-of-funds portfolios and oversee manager allocation and portfolio strategy. Ms. Tucker will be a vice president in the investment group and will work on equity market-neutral and relative value strategies. Mr. Carre will be a vice president in the investment groups research group and will research relative value hedge fund managers and strategies.
Mr. Hachemian was a founder and managing partner of Celestar Capital Advisors, an institutional hedge fund research provider. Celestar is reportedly closed, but more information was not available by press time. Ms. Tucker was head of statistical arbitrage at IXIS Capital Markets. Jean Chegory, an IXIS spokeswoman, did not return a call seeking information about a replacement. Mr. Carre was a fixed-income researcher at Citigroup Global Markets; spokeswoman Brooke Berard was unable to provide information about a replacement by press time.
Ian G. Banwell resigned as CIO of Bank of America Corp. to start Round Table Investment Management, an alternative investment management firm, according to a Round Table spokesman who declined to be identified. Bank of America will own a non-voting minority share in Round Table and invest in its funds. David Lewis, partner at law firm Moore & Van Allen PLLC, will co-manage Round Table as its chief operating officer. Walter J. Muller replaced Mr. Banwell as CIO of Bank of America, where he was a quantitative finance executive, said spokeswoman Eloise Hale.
David Sidwell will retire as chief financial officer and executive vice president of Morgan Stanley at years end. He will be replaced by Colm Kelleher, the companys head of global capital markets, confirmed Morgan Stanley spokeswoman Maria Ali. Christopher Carter, vice chairman of institutional securities, will replace Mr. Kelleher.
Patrick J. Ford was named managing director and senior portfolio manager at Columbia Management, said spokesman Jon Goldstein. It is a new position. Mr. Ford will help oversee development and execution of the companys cash investments business. Columbia manages $208 billion in cash, roughly 40% of the firms overall assets under management. Mr. Ford will also co-manage Columbias prime money market funds with portfolio manager Patrick Graham. Mr. Ford was a senior portfolio manager at BlackRock, where he worked in the companys prime money market funds group. Spokesman Brian Beades said the company does not comment on personnel matters.
Justin Leverenz was promoted to portfolio manager of the $10.2 billion Oppenheimer Developing Markets Fund and other emerging markets equity strategies managed by OppenheimerFunds and its affiliates, confirmed spokeswoman Jessica Greaney. Mr. Leverenz will oversee more than $14 billion in assets. He replaces Mark Madden, who is leaving the company to pursue other opportunities; Ms. Greaney declined to comment further. Mr. Leverenz will report to George Evans, senior vice president, director of international equities and head of the global team. Mr. Leverenz was senior analyst for the $17 billion Oppenheimer Global Fund.
Anny Choe joined Angeles Investment Advisors as a manager of portfolio operations, and Gabe Wilcox will be an investment analyst, said Michael A. Rosen, principal. Ms. Choes position is new. Mr. Wilcox replaces Austin Carr, who left two months ago to relocate to Chicago, Mr. Rosen said. Ms. Choe was portfolio administrator at Bel Air Investment Advisors, an investment advisory firm for high-net-worth individuals and families. Mr. Wilcox was a research associate at the UCLA School of Public Health.
Isidro Fernandez joined hedge fund manager Halcyon Asset Management as co-head of European research. It is a new position, said Mary Beth Grover, spokeswoman. Mr. Fernandez will share responsibility for research in Europe in the asset-backed, structured finance and credit markets with Khing Oei, previously the sole head of European research.
Mr. Fernandez was head of credit products and trading at Caja Madrid, where he specialized in structured credit strategies and leveraged loan/credit derivatives trading. Information about his replacement could not be learned by press time.
Vincent Kok was named deputy head of the multisector team at Fischer Francis Trees & Watts, said Philippe Lespinard, deputy CEO. It is a new position. Mr. Kok, who will be based in London, was hired to strengthen the firms global fixed-income team, added Mr. Lespinard. Mr. Kok was head of the international bonds management group at SSgA. Spokeswoman Marie McGehee was not available to provide details on Mr. Koks replacement.
Bozidar Jovanovic was named senior vice president and portfolio manager at Halbis, the active asset management division of HSBC Holdings, according to a spokeswoman who declined to be named. Mr. Jovanovic replaces Vis Nayar, who is now head of quantitative research. Mr. Jovanovic will report to Gregg Diliberto, global head of fixed income and CEO of Halbis in New York.
Mr. Jovanovic was vice president and quantitative analyst at FrontPoint Partners, which was acquired by Morgan Stanley Investment Management in December. A Morgan Stanley spokeswoman declined further comment.
Brad Slingerlend, co-portfolio manager of the $881 million Janus Global Technology Fund, and Thomas Malley, co-portfolio manager of the $848 million Janus Global Life Sciences Fund, will both leave Janus Capital Group on May 11, according to a letter to investors. Mr. Slingerlend will pursue other opportunities, and Mr. Malley will move into philanthropic interests, confirmed spokeswoman Shelley Peterson. The departures are unrelated, said Ms. Peterson.
Barney Wilson, co-portfolio manager of the technology fund, will become its sole portfolio manager, and Andy Acker, co-portfolio manager of the life sciences fund, will become its sole manager, said Ms. Peterson. The firm will bring in two additional research analysts for each fund, she said.
Mark Santero was named senior vice president and chief operating officer of the investment management group at hedge fund-of-funds manager Tremont Capital Management. The position is new, said Montieth Illingworth, a Tremont spokesman. Mr. Santero reports to Cynthia Nicoll, CIO. Mr. Santero was managing director, investments, at Ivy Asset Management. He also played an informal role as a COO in the investment department, said Ivy spokesman Steve Bruce. Mr. Santeros position was eliminated during a company restructuring and he will not be replaced, Mr. Bruce said.
Jeffrey Hiller was named chief compliance officer at Principal Global Investors. It is a new position. He will assume responsibilities previously held by Barb McKenzie, COO, confirmed spokeswoman Sonja Sorrel. Mr. Hiller was chief compliance officer at BlackRock Funds. Mr. Hiller was chief compliance officer for the fund family at Merrill Lynch Investment Managers, which was acquired by BlackRock last year. Brian Beades, BlackRock spokesman, said that the firm does not comment on personnel matters.
Faye Ryan joined hedge fund-of-funds manager Parker Global Strategies as managing director and director of operations. It is a new position, said spokeswoman Sophie Sophaon. Ms. Ryan will be responsible for operational processes such as single-manager account administration, client reporting for multimanager funds, operational risk and collation, and processing of daily trade data. She will also help with operational due diligence for the companys existing and prospective underlying hedge fund managers. Ms. Ryan was director of Fortis Fund Services (Asia), where she was involved in fund administration.
Kevin Hite joined hedge fund-of-funds manager Citadel Alternative Asset Management as a senior analyst focused on equity hedge funds. Mr. Hite reports to Jon Venetos, president of CAAM, which manages $500 million in assets. The position is part of the new firms staff expansion, said Bryan Locke, vice president of marketing and investor relations at parent company Citadel Investment Group.
Mr. Hite was director and senior analyst for long/short equity hedge fund managers in the New York office of UBS global wealth management and business banking unit. Kris Kagel, a UBS spokesman, said Mr. Hites duties have been assumed by others on his team.
John Hopkins was named senior analyst at Chartwell Investment Partners fixed-income group, and Tom Coughlin was named analyst, confirmed spokeswoman Rebecca Devine. Both positions are new. Messrs. Hopkins and Coughlin will both report to Christine Williams, managing partner and senior portfolio manager, fixed income. Mr. Hopkins will cover credit sectors, mortgage-backed bonds and structured products, and Mr. Coughlin will focus on trading and quantitative research. Mr. Hopkins was founder, owner and managing principal of Collateral Processing Group. Mr. Coughlin was an investment analyst at Janney Montgomery Scott.
Michael Fisher, managing director of Barclays Global Investors intermediary group the firms iShares business will retire at the end of May, Mr. Fisher confirmed. Its been a great run, but its time for other things, said Mr. Fisher, who plans to travel, spend time with his family and do some charitable work. Company officials do not plan to replace him, said spokesman Lance Berg.
Bryan M. Burke was named director of retirement plan sales for investment manager Federated Investors, confirmed spokesman Ed Costello. Mr. Burke, who will retain his role as national account manager, will provide strategic sales leadership to the firms team of four retirement consultants. He reports to Robert Tousignant, director of national accounts. Mr. Burke replaces Christopher Fives; Mr. Costello could not provide further details on Mr. Fives departure.
Erik Knutzen was named vice president and director of institutional strategies at RiverSource Institutional Advisors. It is a new position. Hes going to be one of our primary marketers for the different investment strategies, said Ryan Lund, a spokesman for the firm, which has $100 billion in assets under management. Also, Brian Reed joined RiverSource as a regional vice president of institutional sales; he will be responsible for the Western region of the U.S. Adam Craig was hired as a vice president, institutional consultant relations for the U.S. and Canada.
Mr. Knutsen was a director of sales, marketing and client service at Standish Mellon Asset Management. His duties are now being handled by Alex Over, who was hired earlier this spring. Mr. Reed was vice president and senior marketing executive at CRT Capital Group, responsible for institutional sales and consultant relations. CRT Capital Group representatives could not be reached for comment. Mr. Craig was director of marketing and client relationships at Essex Investment Management; officials there declined comment.
Zela Astarjian was named vice president, business development, at Punter Southall, an actuarial consulting and investment management firm. It is a new position. Ms. Astarjian reports to Joe Finn, principal and managing director.
Pamela Kruh, spokeswoman for Punter Southall, said Ms. Astarjian was a product specialist at Bank of America. Jon Goldstein, spokesman for Bank of America, was not available for comment at press time.
John J. Hock joined multistrategy hedge fund manager Alexandra Investment Management as president and partner. He will assume responsibility for non-investment activities including marketing, client service, operations and strategic planning, confirmed Kim Levy, an Alexandra spokeswoman. Mr. Hock replaces Dimitri Sogoloff, one of the firms co-founders, who left in November. Mr. Sogoloffs current position could not be learned.
Mr. Hock was executive vice president and director of global sales at hedge fund-of-funds manager Tremont Capital Management. Montieth M. Illingworth, a Tremont spokesman, said the firm is searching for Mr. Hocks replacement.
Richard Herr was appointed senior vice president for strategic and business development at Investment Technology Group, an electronic broker-dealer and provider of transaction research services. The position is new. Hell be responsible for reviewing strategic partnerships and acquisitions for ITG, said spokeswoman Carolyn Freeland. He reports to CEO Bob Gasser.
Mr. Herr was senior vice president for equity research at Keefe Bruyette & Woods, where he covered brokers including ITG, for which he had an outperform rating exchanges and execution venues. Jenna Agins, a spokeswoman for KBW, said the firm has temporarily suspended coverage for the companies that Mr. Herr covered, and research will resume as soon as a replacement is announced.
Stephen Case was named managing director at Evaluation Associates. He will be responsible for running the investment consulting firms overall business, said Fred Schaefer, senior consultant and principal. Mr. Case will focus on client services, new business development and other strategic areas for the firm. He effectively replaces Jeffrey Van Orden, who retired last year.
Mr. Case was a managing director with investment consulting firm RogersCasey. Matthew McCormick, director of marketing at the firm, was not immediately available to offer details on Mr. Cases replacement.
Jeff Schutes was promoted to U.S. business leader at Mercer Investment Consulting, Terry Dennison to U.S. director of consulting and Bob Burke to investment lead in the financial strategy group, confirmed spokeswoman Stephanie Poe. All three will report to Rick Nuzum, business leader of the Americas. Mr. Schutes is taking on some of Mr. Nuzums duties. Mr. Dennison replaces Brad Blalock, who joined Morgan Stanley Investment Management as executive director of client service and new business development for public and Taft-Hartley businesses in early spring. Mr. Burkes position is new.
Messrs. Schutes, Dennison and Burke were zone business leaders for the U.S. South, West and Northeast, respectively. They have all been replaced internally.
Jodie Gunzberg was named director of research at Marco Consulting Group. She will oversee a nine-person staff responsible for manager research and investment analysis, said Richard Graf, Marco CEO. Ms. Gunzberg replaces Lisa Kastigar, who reportedly joined hedge fund-of-funds manager Grosvenor Capital Management. Michael J. Sacks, Grosvenor Capital CEO, did not return a call seeking further information. Ms. Gunzberg was vice president-hedge funds at Morningstar. Spokeswoman Alexa Auerbach said Morningstar has not replaced Ms. Gunzberg.
Richard Dowell and Phil Page, both senior investment consultants at Hewitt Associates, are leaving the firm to join Dutch derivative overlay consultant Cardano Risk Management in early July. Mr. Dowell will support Kerrin Rosenberg, former senior investment consultant at Hewitt and current CEO of Cardano U.K., in a managerial role as the firm sets up its U.K. operation, Theo Kocken, CEO of Cardano, said in a statement. Mr. Page will be involved in client consulting at Cardano U.K. Neither Messrs. Dowell nor Page will be directly replaced at Hewitt, but the firm hired three new investment consultants over the last month, said spokesman Colin Mayes. Brendan Walsh, an investment consultant in Hewitts infrastructure team, will take over Mr. Pages responsibilities as head of the global infrastructure team, he added.
Cardano also hired Emma Fairgrieve to join its London office; she will also work in client consulting. She is currently an investment consultant at P-Solve Asset Solutions. Calls to the company for comment were not returned by press time.
Peter F. Karpen joined hedge fund-of-funds manager Martello Investment Management as director of business development. Mr. Karpen is the firms first dedicated marketer and client service professional, said David McCarthy, CIO. Martello Investment Management now has eight employees that manage a family of hedge funds of funds mainly for institutional investors with total assets of $700 million.
Mr. Karpen was director of marketing and investor relations at Archetype Risk Advisors. A.R. Arulpragasam, ARA president and CEO, said a decision hasnt been made yet about Mr. Karpens replacement.
Frank Wheeler was hired as a senior managing director and head of distribution at FAF Advisors, confirmed spokeswoman Cheryl Stone. He will be responsible for retail, institutional and strategic sales as well as marketing, communications and public relations. He reports to CEO Thomas Schreier.
Mr. Wheeler replaces both Jim Greenawalt, who was head of distribution until his death in July 2006, and Jon Stevens, senior managing director and head of public relations. Mr. Stevens now oversees technology, operations and investment administration and reports to CIO Mark Jordahl.
Mr. Wheeler was managing director and head of institutional marketing at Merrill Lynch Investment Managers. Brian Beades, spokesman at Merrill parent company BlackRock, did not return a call for comment.
Harold Cooper was named vice president and actuary for Segal Co.s retirement practice, confirmed spokeswoman Mary Feldman. It is a new position. Mr. Cooper reports to Andre Latia, senior vice president and actuary and Midwest region retirement practice leader. Mr. Cooper was retirement and office leader for the Chicago office of Buck Consultants. Ed Gadowski, spokesman for Buck Consultants, was not able to comment at press time.