Rob Feckner was re-elected president of the CalPERS board on Feb. 21 and George Diehr was elected vice president, according to a news release. Mr. Feckner joined the board in 1998, and Mr. Diehr joined in 2002. Mr. Diehr replaces Robert Carlson who retired in January.
PEOPLE:CalPERS board re-elects president, chooses new VP
F. William McNabb III will become president and chief executive officer of The Vanguard Group, said spokeswoman Rebecca Cohen. Mr. McNabb, 50, will assume both titles from Jack Brennan, 53, who will remain chairman and actively involved on strategic issues and other important initiatives, according to a Vanguard news release. Mr. Brennan has been Vanguard's president since 1989 and CEO since 1996. Mr. McNabb, who was slated to become president March 1 and CEO within a year, is a managing director overseeing Vanguard's institutional and international businesses. R. Gregory Barton will become managing director of the institutional investor group; he now is a managing director overseeing Vanguard's advice and brokerage services group. James M. Norris will become a principal overseeing the international division; he now is a principal in Vanguard's corporate strategy group.
Monica Walker was named president of Holland Capital Management, filling the role of CEO Louis Holland, who retired. Ms. Walker is a founding partner of Holland Capital, serving most recently as chief investment officer of the firm's equity group. She will not be given the CEO title.
The firm had been working on a succession plan for years and started a more formal process in March 2007, Ms. Walker said in an interview. At that time, the other founding partners were promoted to managing directors and Mr. Holland stepped back from day-to-day management. There will be no changes to our investment philosophy or process, Ms. Walker said.
Ms. Walker was also nominated by the firm's trustees to replace Mr. Holland on the board of trustees, subject to her election by shareholders. Mr. Holland will continue to serve as a trustee in the interim, according to a news release from the firm.
Holland Capital has $2.1 billion in assets under management in equity and fixed-income strategies.
Daniel Geber, a managing director with Epoch Investment Partners who was portfolio manager and senior analyst for some of the firm's international and global equity strategies, left the firm. A spokesman for Epoch said Mr. Geber was replaced by two senior portfolio managers at the firm: CEO Bill Priest and Emily Baker. Mr. Geber couldn't immediately be reached for comment. No further information could be learned by press time.
John F. Boneparth will join Hall Capital Partners LLC, San Francisco, as president in mid-March. The position is new. Mr. Boneparth, who started manager consultant Corinthian Cove Consulting, Belvedere, Calif., in 2005 after 14 years at Putnam, said the future of Corinthian hasn't been decided. Hall Capital has $22 billion from mostly high-net-worth clients in both customized multiasset class portfolios and traditional and alternative fund-of-funds offerings; Mr. Boneparth said he'll work to expand the client roster to U.S. institutional investors and overseas investors as well.
Marcel Larochelle was appointed head of the Americas for Mercer's investment management business, said spokesman Charles Salmans. The new position is part of a broader integration of the investment management business's U.S. and Canadian arms, he said. Mr. Larochelle is a principal and will retain his duties as business leader for investment management in Canada. In addition, Ravi Venkataraman, a worldwide partner with Mercer, was named head of the U.S. for investment management, a new position. Mr. Venkataraman had been CIO for that business in the U.S. Denis Larose, CIO for investment management in Canada, will assume the new position of CIO of the Americas. According to Mercer, global assets under management for its investment management business roughly doubled over the two years through Dec. 31 to $18.7 billion.
Kevin M. Hunt will retire as executive vice president, chief sales and marketing officer with Old Mutual Asset Management at the end of March. In a telephone interview, Mr. Hunt said his plans include doing some fun things, including work for charitable causes. Mr. Hunt said there are no immediate plans to replace him, as CEO Scott Powers and his executive team will use Mr. Hunt's long-anticipated departure as an opportunity to review the group's sales and marketing organization.
Phil Lussier was named board chairman of CitiStreet Australia, confirmed Michael Bezdek, spokesman. Mr. Lussier remains CitiStreet's global chairman and CEO. He replaces Jim Murphy, who resigned at the beginning of this year.
Stephen J. Moseley joined private equity consulting firm StepStone Group LLC as president, a new position, said spokeswoman Lisa Baker. Mr. Moseley will open a New York office for the La Jolla, Calif., firm. Mr. Moseley was managing director for Estes Management LLC, a private equity affiliate of hedge fund manager Clinton Group. Before Estes, he was managing director and co-president of PCG Capital Partners, the direct investment group of parent Pacific Corporate Group LLC.
Paul Dokas was named a vice president at Hirtle Callaghan, a new position in which he will lead the planning and execution of the firm's investment strategy. Mr. Dokas was a senior vice president at Delaware Investments, where he led the structured products team and managed $8 billion, according to a news release from Hirtle Callaghan. Laurel O'Brien, a spokeswoman for Delaware, could not be immediately reached for details on his replacement.