Joseph P. Gennaco was named COO of Boston Co. Asset Management. He replaces Patrick Sheppard, who left in August to become COO of William Blair Investment Management. Mr. Gennaco was director of relationship management and client service support at Boston Co. Asset. Richard Watson, the firm's head of distribution, will handle Mr. Gennaco's client service responsibilities until a permanent successor is chosen, according to a news release from parent BNY Mellon Asset Management.
PEOPLE: Boston Co. names Gennaco COO
James H. Lee was named chairman of the board at the $112 billion Texas Teacher Retirement System by Texas Gov. Rick Perry, confirmed Howard Goldman, Texas Teacher spokesman. Mr. Lee, formerly a trustee, replaces Jarvis V. Hollingsworth, whose five-year term as trustee and two-year term as president expired. Mr. Lee is president of JHL Capital Holdings.
Edward M. Smith was named president of ULLICO, effective May 1, confirmed a spokeswoman. Mark E. Singleton, current president and CEO, will remain CEO, the spokeswoman added. Mr. Smith currently is a vice president at ULLICO and vice president, Midwest regional manager at the Laborers' International Union of North America, Washington. Mr. Smith is retiring from the union; John F. Penn, business manager of LIUNA's Great Plains district council, will become Midwest regional manager.
Michael Melnick was named a principal at CMEA Ventures, where he will work in the venture capital firm's energy and materials investment practice, focusing on genetics and biology, said Meryl L. Schreibstein, director of investor relations and marketing. It is a new position. He was chief commercial officer and executive vice president of operations at Assay Designs, a biomedical company.
Aaron Barnfather was named lead portfolio manager for Lazard Asset Management's continental European equities strategy effective March 3, according to a memo by CEO Bill Smith obtained by P&I Daily. Mr. Barnfather replaces Gabrielle Boyle, who will focus on the firm's global and non-U.S. equities strategies; she had also been in charge of European equities.
Mr. Barnfather joined Lazard as a senior portfolio manager Feb. 11. Prior to that, he was portfolio manager and director of European equities at Newton Investment Management. Raj Shant, head of European equities; Tom Beevers, investment director; and Fred Moore, assistant fund manager; assumed Mr. Barnfather's responsibilities, a Newton spokesman said.
Daniel J. Houston was named president of retirement and investor services at Principal Financial; Gregory J. Burrows was named senior vice president of retirement and investor services; and Norman Sorensen was named executive vice president of international asset accumulation businesses, confirmed spokeswoman Eva Quinn. Messrs. Houston and Burrows will retain their current duties as vice president of distribution and chief marketing officer, respectively. Mr. Sorensen, formerly a vice president, also will retain his current responsibilities.
Nirav Hathi was promoted to managing director at Putnam Lovell, the asset management and financial technology advisory arm of Jefferies & Co. Mr. Hathi, a director with the firm's London office, joined as an associate in 2000, according to a news release.
Adam Frieman was promoted to partner at private equity placement agency Probitas Partners, Mr. Frieman said. He will retain his previous duties as principal at the firm. Mr. Frieman joined Probitas a year ago from UBS Global, where he had been deputy head of U.S. equity capital markets.
Kendall Raine was appointed partner and senior managing director at investment management firm Laurus-Valens, New York,, confirmed spokeswoman Kara Luwisch. The position is new. Mr. Raine previously was managing director at A.G. Edwards, leading its specialty finance practice. Byron Goodrich, spokesman for A.G. Edwards, did not return a phone call by press time.
Susan Crotty joined hedge fund-of-funds manager Tremont Capital Management, Rye, N.Y. as managing director of investment management services. The position is new. Ms. Crotty works with the firm's marketing and investment management teams to design specialty and customized fund-of-funds portfolios for institutional investors, according to a news release. Ms. Crotty was senior vice president and alternatives practice leader at consultant Callan Associates, San Francisco. Nancy M. Malinowski, a Callan spokeswoman, said details about Ms. Crotty's replacement were not available.
Jenny S. Morton was promoted to head of global consultant relations at Putnam Investments, a new position, said spokeswoman Sinead Martin. She will retain her previous duties as director of consultant relations for Europe, the Middle East, Africa and Asia Pacific in London. The move is in line with Putnam's recent introduction of a single global distribution team, Ms. Martin said.
Jared Buell was named vice president of institutional sales and service at RS Investments, confirmed a spokeswoman, who didn't want to be named.It is a new position. Mr. Buell will be responsible for 401(k) and subadvisory channels. He was a director of subadvisory and retirement sales at Phoenix Investment Partners, confirmed spokesman Joe Fazzino. Mr. Fazzino said the company has not decided on a replacement.
Bob Riebesehl, Keith Cattaneo and Matt Flynn joined Great-West Retirement Services as regional sales directors in California and Nevada for its corporate 401(k) plan business, confirmed Jeff Close, spokesman. Messrs. Riebesehl and Cattaneo both join Great-West from Lincoln Financial Group; and Mr. Flynn previously worked at the Principal Financial Group. Spokeswomen for Principal and Lincoln did not return calls by press time.
Jim Franks was named director of investment consulting in Australia for Russell Investments, confirmed a spokeswoman in an e-mail. It is a new position. He will report to Andrew Lill, director of investment strategy, Australia. Mr. Franks was director of consulting in Canada for Russell. His responsibilities in Canada will be assumed by the existing team, the spokeswoman said.
James Poterba was named president and CEO of the National Bureau of Economic Research, effective July 1, confirmed spokeswoman Donna Zerwitz. He replaces Martin Feldstein, who will retire and become president emeritus. Mr. Poterba will continue as the Mitsui Professor of Economics and head of the economics department at Massachusetts Institute of Technology, where, according to an NBER statement, he researches tax-deferred retirement saving programs, such as 401(k) plans and the role of annuities in financing retirement consumption.