Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. Print
May 14, 2007 01:00 AM

Real estate exec to be nominated as next PBGC chief

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Charles E.F. Millard will be nominated by President Bush to be director of the PBGC, according to a White House announcement. Mr. Millard is managing director of Broadway Partners, a private real estate investment and management firm in New York. If confirmed by the Senate, Mr. Millard will succeed Vince Snowbarger, who has been the PBGC’s interim director since Bradley Belt stepped down in May 2006.

    The president also will nominate Bradford P. Campbell as assistant secretary of the Department of Labor. Mr. Campbell is acting assistant secretary and head of the Employee Benefits Security Administration after Ann Combs stepped down from the post in October.

    Pamela Peedin was named Boston University’s first chief investment officer, according to a news release. She will start May 14 and will be managing the investment of the $1 billion endowment. A call to university spokesman Colin Riley was not returned.

    Ms. Peedin was managing principal and investment consultant at Cambridge Associates. Her responsibilities will be assumed by other consultants at the firm, said spokeswoman Carin Warner.

    Eric Henry was named executive director of the Texas Municipal Retirement System, Austin, according to the $14 billion retirement fund’s website. He replaces Gary Anderson, who retired in October. Mr. Henry is executive director of the $30 billion Pennsylvania State Employees’ Retirement System, Harrisburg; he will leave on June 6, said PennSERS spokesman Robert Gentzel. The system will begin a national search for Mr. Henry’s replacement upon his departure, and the system’s board will discuss hiring a recruiter at its June 6 meeting. Leonard Knepp, director of audit reporting and compliance, will assume the executive director’s responsibilities on an interim basis.

    Bruce Zimmerman was named president, chief executive officer and CIO of the University of Texas Investment Management Co., Austin, confirmed spokesman Anthony de Bruyn. Mr. Zimmerman will take over in July. He replaces Bob Boldt, who resigned in September as the head of the management company, which oversees roughly $21 billion in endowment assets for University of Texas System. Executive recruiting firm Spencer Stuart led the search.

    Mr. Zimmerman is the global head of pension investments for Citigroup, where he oversees $10.834 billion in pension assets and $11.122 billion in defined contribution assets, according to Pensions & Investments’ annual directory of the top 200 retirement plans. Mr. Zimmerman will assist Citigroup in finding his replacement before taking his new post at UTIMCO, said Valerie Hendy, Citigroup spokeswoman.

    Margo Cook was named senior managing director and head of the institutional business at Bear Stearns Asset Management, and James Barrett will be senior managing director and global head of sales, a new position, said Bear Stearns spokeswoman Jane Slater. Both executives came from BNY Asset Management; Ms. Cook was executive vice president, CIO and head of institutional asset management, and Mr. Barrett was managing director of institutional sales and marketing. Ms. Cook replaces Michael Guarasci Sr., who left the firm to pursue entrepreneurial opportunities, Ms. Slater said.

    BNY Asset parent Bank of New York is integrating its asset management business with Mellon Financial, which it agreed to acquire at the end of last year. Both Ms. Cook and Mr. Barrett were offered “senior positions” within the asset management business of the combined companies, said Bank of New York spokesman Kevin Heine. Ms. Cook’s responsibilities will be taken over by Edward Von Sauers, managing director, CIO and head of liquidity management. Mr. Barrett’s responsibilities will be assumed by Michael Harrington, vice president of institutional asset management sales.

    Separately, Bill Best was hired as senior managing director and head of global hedge fund sales at Bear Stearns. He was a managing director at VegaPlus Capital Partners — now Proxima Alfa Investments — where he led the firm’s business development. His responsibilities have been assumed by existing members of the firm’s marketing team, according to a spokeswoman for the firm.

    Mark On was named senior vice president and CIO of international equity for American Century Investments, confirmed spokeswoman Jami Schaefer. He will oversee investment teams responsible for about $9 billion in assets under management and will be co-portfolio manager of the firm’s emerging markets strategy. He reports to Enrique Chang, executive vice president and CIO. Mr. On replaces Mr. Chang, who was promoted when Mark Mallon retired this year.

    Mr. On was Asia Pacific CIO and managing director of AXA Rosenberg; he was replaced by Kevin Chen, said spokeswoman Jennifer Morgan. Mr. Chen was deputy CIO for the Americas at AXA.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Gender diversity is improving on FTSE 350 boards
    Gender diversity is improving on FTSE 350 boards
    The Institutional Investor's Guide to ESG Investing
    Sponsored Content: The Institutional Investor's Guide to ESG Investing

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    Show Me the Income: Discovering plan sponsor and participant preferences for cr…
    The Future of Infrastructure: Building a Better Tomorrow
    Outlook 2023: Opportunity in a volatile world
    Research for Institutional Money Management
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Defined Contribution East
      • 2023 ESG Investing