Maruti Moré was named director of fixed-income investments for the $40.6 billion Colorado Public Employees Retirement Association, Denver, according to spokeswoman Katie Kaufmanis. Mr. Moré oversees $9.4 billion in fixed income for the fund. He replaces Bill Koski, who became PERA’s senior opportunities manager earlier this year. Mr. Moré was senior vice president and a director, fixed income, at Smith Graham. Gerald Smith, chairman and chief executive officer of Smith Graham, declined to provide the name of Mr. Moré’s replacement.
Michael Aked was named director of public markets for the $4.3 billion University of Virginia Investment Management Co., Charlottesville, said Christopher Brightman, chief executive officer. Mr. Aked’s responsibilities will include absolute-return strategies and credit, Mr. Brightman said; it is a new position.
Mr. Aked was head of alternatives with Sunsuper, a A$13 billion (US$10.4 billion) superannuation fund in Brisbane, Australia. His duties at Sunsuper will be split among three people. Corrin Collocot will oversee private equity responsibilities; Sue Berman will cover alternative strategies and debt; and a third person will be hired to manage property and infrastructure, according to a report in Sydney-based Investment & Technology.
Jose Claxton, W. Montgomery Cerf, Erika Irish Brown and James C. Kellogg were appointed members to the New Jersey State Investment Council, which oversees the $82 billion New Jersey Division of Investment, Trenton. They were appointed by Gov. Jon Corzine and will serve on an interim basis until confirmed by the state Senate, said spokesman Tom Vincz.
Mr. Claxton was a managing director in charge of North American institutional sales, marketing and investor relations at Lehman Brothers until December 2006. Mr. Cerf is managing director and senior banker at JPMorgan. Ms. Brown is senior vice president, head of diversity lateral recruiting, at Lehman Brothers. Mr. Kellogg is president of the $72.5 million J.C. Kellogg Foundation.
They replace outgoing council members Cheryl Mills, Anthony Terraciano and James Farrell. The council was also expanded by one appointee, said Mr. Vincz. The new appointees serve five-year terms.
Jeff Everett, co-CIO of the Templeton global equity group, will leave the company Sept. 30 to pursue another opportunity and co-CIO Gary P. Motyl will become sole CIO, said spokeswoman Stacey Johnston. Mr. Motyl previously focused on institutional strategies as CIO of Templeton institutional global equities and president of Templeton Investment Counsel, while Mr. Everett focused on retail portfolios as president of Templeton Global Advisors. With Mr. Everett’s departure, Mr. Motyl will look after a combined $175 billion in institutional and retail strategies. Tucker Scott, a portfolio manager on the team managing the $15.8 billion Templeton Foreign Fund, will replace Mr. Everett as lead manager of that fund. The same team, which includes portfolio managers Murdo Murchison and Lisa F. Myers, will run the $10.1 billion Templeton World Fund on a team basis, Ms. Johnston said. Mr. Everett couldn’t immediately be reached for comment.
Richard Bartholomew was named interim CEO of Northern Trust Global Investments Ltd., the non-U.S. investment management arm of Northern Trust Global Investments. He replaces William T. Huffman, who resigned for personal reasons. Mr. Bartholomew, based in London, was COO at NTGI, where he oversaw strategy, business controls and risk management. Northern Trust will “undertake a comprehensive internal and external search for the head of that business,” said Richard Jurek, vice president of Northern Trust. He declined to provide further details. Alan W. Robertson will permanently take on Mr. Huffman’s duties as chairman, president and CEO of Northern Trust Global Advisors, the manager-of-managers arm of NTGI, in Stamford, Conn. Mr. Robertson was group head of wealth advisory services in Northern Trust’s personal financial services business.
Christine Marcks was named president of Prudential Retirement, replacing John Y. Kim, who announced his resignation. Mr. Kim will leave the firm later this month “to pursue other opportunities,” said Mary Flowers, a Prudential spokeswoman. She declined to comment further. Ms. Marcks will report to Prudential Vice Chairman John Strangfeld. Ms. Marcks was a vice president at Prudential. She joined Prudential in 2005, leading the design of Income Flex, an investment offering that gives participants a guaranteed income for life, said a Prudential spokes¬woman. Information on a replacement was not immediately available.
