Mansco Perry III was named chief investment officer of the $40.1 billion Maryland State Retirement and Pension System, Baltimore. Mr. Perry previously was assistant executive director and deputy CIO for the $63.5 billion Minnesota State Board of Investment, St. Paul. Howard Bicker, the Minnesota boards executive director, was not available for comment on who would succeed Mr. Perry. He succeeds Steven C. Huber, who left in late 2006 to become a vice president, portfolio manager and head of fixed-income portfolio strategy at T. Rowe Price Associates.
Ed Cass was named vice president and head of global capital markets at the C$119.4 billion (US$117.5 billion) Canada Pension Plan Investment Board, spokesman Joel Kranc confirmed. The position is new. Mr. Cass will report to Don Raymond, senior vice president of public market investments. Mr. Cass previously was a CIO at Fortress Investment Group, according to news reports. Fortress spokeswoman Lilly Donohue said the company does not comment on former employees.
Thomas Mann was named executive director of the $859 million Kansas City (Mo.) Public School Retirement System effective April 21, said Horace Coleman Jr., chairman of the system board. He replaced Cecelia M. Carter, who left Dec. 31 to lead the $2.1 billion Seattle City Employees Retirement System. Claretha Shumate is serving as interim executive director, Mr. Coleman said. Mr. Mann is director of the $6.8 billion Wyoming Retirement System, Cheyenne. Deputy Director Harry Wales will serve as Wyoming interim director starting April 8, Mr. Wales said. Wyomings board will decide April 18 how to find Mr. Manns permanent replacement.
George Diehr and Priya Mathur were elected as chair and vice chair, respectively, of CalPERS investment committee, confirmed Tacey Derenzy, spokeswoman for the $237.5 billion California Public Employees Retirement System, Sacramento. They will serve one-year terms, she said. Mr. Diehr, previously committee vice chair, replaces Charles Valdes, who remains a committee member.
Constance A. Donovan will become executive director and general counsel of the $5.9 billion New Hampshire Retirement System, Concord, effective April 21, said Lisa Shapiro, system board chairwoman. Ms. Donovan replaces Timothy Crutchfield, the systems chief legal counsel, who became interim executive director in July 2007 after Robert Leggett left to become CIO of the $14.7 billion Teachers Retirement System of Louisiana, Baton Rouge. Ms. Donovan was general counsel for the $4.2 billion District of Columbia Retirement Board, Washington. Angela Grimes, human resources officer for DCRB, wasnt immediately available to provide information on Ms. Donovans replacement.
Tim Mitchell was named general manager of corporate strategy at the NZ$13.2 billion (US$10.5 billion) New Zealand Superannuation Fund, Auckland, according to the funds website. Mr. Mitchell will be responsible for identifying and embedding global best practices, according to the site. He was general manager of public markets at the fund, where he will be replaced by Neil Williams in May. Mr. Williams is global head of asset allocation at UBS Global Asset Management in London. Curt Custard, head of UBS global investment solutions, will take over temporarily while a replacement is sought, UBS spokesman Kris Kagel said.
Corey Buuhoan and Jamie Hamrick were named assistant investment officers at the $5 billion San Diego City Employees Retirement System, said Rebecca Wilson, the systems chief of staff. Both are new positions. Mr. Buuhoan was an investment and financial consultant with CB Consulting. Ms. Hamrick was promoted from investment analyst.
William Weng was hired as managing director and head of active quantitative equities for UBS Global Asset Management. In his new role, Mr. Weng will launch 130/30 and market-neutral quantitative equity strategies for the firm, according to a news release. UBS already has fundamental 130/30 strategies. Mr. Weng had been a director and head of the quantitative equities group at Credit Suisse Asset Management. CASM spokeswoman Suzanne Fleming said Jordan Low replaced Mr. Weng; Mr. Low had been director and U.S. head of statistical trading within the global proprietary trading division of Credit Suisses investment bank.
Fabio Savoldelli was named CIO at hedge fund of funds Optima Fund Management. Mr. Savoldelli replaced Robert Picard, who left the company in February. Information on where Mr. Picard went was not available at press time. Mr. Savoldelli will retain his duties as Optimas chief global strategist.
Joe Parsons was named president and CEO of GE Real Estates newly formed global investment management division, said Pam Flores, spokeswoman. Both positions are new. He was president of GE Real Estates North America Equity division. His replacement has not been selected, Ms. Flores said.
Joseph D. Stecher joined Morgan Stanley Alternative Investment Partners as managing director and CIO of its real estate fund-of-funds group, said spokeswoman Erica Platt. Its a new position. Mr. Stecher will help build a real estate fund-of-funds business, working with Paul Vosper, chief operating officer of the real estate fund-of-funds business. Mr. Stecher was managing director at Goldman Sachs. Andrea Raphael, Goldman Sachs spokeswoman could not be reached by press time for information about Mr. Stechers replacement.
Ilario Di Bon was named head of global equities at Fidelity International in London, confirmed a spokesman. It is a new position. Mr. Di Bon will lead the global equity team with responsibility for development of Fidelitys institutional global equity strategies. He had been a senior portfolio manager on the global equity team of UBS Global Asset Management. He was replaced by Nick Irish, who joined the firm March 17, a UBS spokeswoman said. Further information could not be learned by press time.
Melanie Owen, executive director of hedge fund strategies in the London office of Goldman Sachs Asset Management, left the firm, confirmed spokesman Christopher J. Williams. Mr. Williams did not have information about Ms. Owens replacement, and her plans could not be determined.
Alice A. Ruth will join private equity firm Quadrangle Group as managing principal and CIO of subsidiary Quadrangle Asset Management, according to a spokesman. Its a new position. Quadrangle Group launched the asset management business in December to manage private money, principally the personal wealth of Michael Bloomberg, New York City mayor and founder of Bloomberg LP. Ms. Ruth was the CIO of the $6 billion Gordon and Betty Moore Foundation. Information about her replacement was not available at press time.
Anson H. Beard, Juliette Cottrill, Georges Courtadon and Vivian Mandis joined startup Duff Capital Advisors.
Mr. Beard is head of investment manager sourcing for the alternative investment firms internal platform of hedge funds. He was managing director and portfolio manager in BlackRocks alternative asset management. Brian Beades, a BlackRock spokesman, did not respond to a request for information about Mr. Beards replacement.
Ms. Cottrill and Ms. Mandis are co-heads of client relations and will lead the firms sales team. Both were product specialists on Morgan Stanleys FrontPoint Partners hedge fund team. Ms. Cottrill had responsibility for Australian institutions; Ms. Mandis oversaw the FrontPoint Multi-Strategy Fund and also was head of client service. Erica Platt, a Morgan Stanley spokeswoman, did not have information about their replacements available by press time.
Mr. Courtadon is chief risk officer. He was chief quantitative officer and managing director of Athilon Structured Investment Advisors. Kushal M. Choksi, managing director-risk management, added Mr. Courtadons title and duties to his current position, said Athilon CEO Patrick B. Gonzalez.
Stuart Kaye was named principal and portfolio manager at Aronson + Johnson + Ortiz, confirmed Gina Moore, spokeswoman for the firm. The position is new. Mr. Kaye was head of U.S. research in the global structured products group at Invesco. Anthony Shufflebotham, formerly senior quantitative research analyst, replaced Mr. Kaye, said Bill Hensel, Invesco spokesman.
Richard Silver and Jeffrey Rose will join GAM Multi-Manager in New York on March 31. Mr. Silver will be investment manager and head of the hedge fund-of-funds managers U.S. operations, and Mr. Rose will be investment manager. Both positions are new, part of the U.K.-domiciled firms U.S. institutional business expansion, said Joseph F. Gieger, managing director, GAM Multi-Manager-New York. Messrs. Silver and Rose came from Condor Capital, where Mr. Silver was managing partner and Mr. Rose was a partner. They co-managed Condors $200 million hedge fund of funds. Mr. Gieger said Condor Capital will be closed and GAM hopes to assume some of the firms former client accounts.
Stephen D. Steinour is a new managing partner at CrossHarbor Capital Partners, said Nancy J. Sterling, CrossHarbor spokeswoman. Its a new position at the distressed equity and real estate investment management firm. Mr. Steinour was president and CEO of Citizens Financial Group, a commercial bank holding company.
Timothy J. Miller was named vice president and portfolio manager of the Waddell & Reed Target Small Cap Value Portfolio and the Ivy Small Cap Fund, confirmed Roger Hoadley, Waddell & Reed spokesman. The funds had been subadvised by BlackRock Capital Management. This change is a result of the opportunity we had to bring into our organization someone with Tims skills, and is not a reflection on BlackRock, Michael Avery, CIO for both Waddell & Reed Investment Management Co. and Ivy Investment Management Co., said in a news release. Mr. Miller, former CIO of Invesco Funds Group, settled market-timing allegations with the SEC in August 2004; he was fined $150,000 and was barred from serving as a chairman, director or officer of any investment adviser for three years. He did not admit or deny any of the SEC allegations. Mr. Miller managed his own company in Denver, Personal Portfolio Management, since 2004, Mr. Hoadley said.
David J. Barra was named CFO of ULLICO Inc., according to a news release. He replaces Damon Gasque, ULLICO treasurer, who was acting CFO since August 2006, when Mark Singleton was promoted to CEO. Mr. Barra was vice president of internal audit. He has been replaced by Tricia Borcherding, who was previously an officer in the Conseco audit department, according to a Conseco spokesman.
Dan Mulvey joined Camden Asset Management as COO. He will oversee compliance, operations and technology, according to a release from the firm. Camden has $2.4 billion in assets under management, primarily in convertible arbitrage. The position is new. Mr. Mulvey was CIO at ASB Capital, where John Edwards is replacing him, said Peter Welber, CEO at ASB. Mr. Edwards is lead fixed-income portfolio manager for Chevy Chase Trust Co., an affiliate of ASB. Mr. Welber said the firm had not yet hired anyone to fill the Chevy Chase job. ASB has $9.4 billion under management.
Devin Murphy joined Coventry Real Estate Advisors as a managing partner, said Benjamin Snieckus, spokesman for the real estate investment firm. This is a new position. Mr. Murphy was managing director and global head of real estate investment banking at Deutsche Bank. He was replaced by Monte Koch, who assumed Mr. Murphys duties in September, said John Gallagher, Deutsche Bank spokesman. After relinquishing his post, Mr. Murphy had stayed on to ensure a smooth transition.
Patrik Edsparr will become the first CEO of Citadel Europe, effective in July. Mr. Edsparr, who will be based in London, also will head the hedge fund managers global fixed-income practice, said Sophie Sohn, a Citadel spokeswoman. That is also a new position. Mr. Edsparr was a member of the executive team and global head of rates, securitized products, proprietary positioning and principal investments at JPMorgan Chase, based in the banks London office. Mary Sedarat, a JPMorgan Chase spokeswoman, did not respond to phone and e-mail requests for information about Mr. Edsparrs replacement.
Jeffrey Rojek became CFO of hedge fund manager GLG Partners and Simon White became global COO, according to a news release. Mr. White was CFO as well as COO for GLGs U.K. operations. Mr. Rojek was an audit and advisory partner in KPMGs New York financial services practice. No further information could be learned.
Paul Strzelecki was named managing director in the London office of Yorkville Advisors, a private investment firm specializing in structured finance and direct investments. The position is new. Mr. Strzelecki previously advised venture-capital-backed companies through Ravenbeck, a consultancy he founded. He will continue to consult for Ravenbeck in a limited capacity, according to a news release from Yorkville. Executives from Ravenbeck could not be reached for comment.
Andrew Iseman, executive vice president and COO at Janus Capital Group, will resign April 3, according to an SEC filing. He is stepping down to spend more time with his family and has not decided what he will do next, said spokeswoman Shelley Peterson. Executives at the firm are discussing the best way to replace him, she said. She could not provid e further details.
Christopher Callahan was promoted to director of North American sales and relationship management with MFS Institutional Advisors, the sales and service division of MFS Investment Management, said spokesman Dan Flaherty. The position is new. In a news release, MFS Institutional President Carol Geremia said the new role brings together what previously had been two distinct groups for sales and relationship management. Previously, Mr. Callahan served as vice president of institutional sales. Mr. Flaherty said MFS will search for a replacement.
Chris Robertson joined State Street Global Advisors in Sydney as a product engineer, confirmed spokeswoman Marie McGehee. It is a new position. He will assist in the development, marketing and maintenance of products and services to Australian and New Zealand clients. Mr. Robertson was a senior research analyst at Perpetual Ltd., a Sydney-based money management firm. Information on his replacement was not available by press time. Peter Nguyen also was promoted to product engineer support, Ms. McGehee confirmed. It is also a new position. He had worked on the firms local business development team. No further information was available. Messrs. Robertson and Nguyen will report to Jonathan Shead, product engineer.
James Danaher, Brian Bursua and John LaBelle joined Northern Trust Global Investments in new positions in the defined contribution group, said spokeswoman Alexis Geocaris. Mr. Danaher was named a DC strategist and will focus on developing and marketing products for DC retirement plans, Ms. Geocaris said. He had been a retirement consultant at Aon Investment Consulting. Mr. Bursua assumed the new position of account manager for third-party DC relationships. Previously, he was a member of Northern Trusts adviser consulting group, Ms. Geocaris said. Mr. LaBelle was named a client solutions strategist; he had been a product consultant within Northerns daily valuation servicing group at Northern Trust, Ms. Geocaris said. The replacements for the three executives could not be determined by press time. A spokesman for Aon Investment Consulting didnt returns calls by press time.
Mark Bourgeois was hired as managing director and co-head of global institutional distribution for Lehman Brothers investment management division. He will report to Joseph Amato, managing director and global head of asset management, and work alongside Eric Johnson, managing director and other co-head of global distribution. Mr. Johnson has focused on traditional products; Mr. Bourgeois will focus on alternatives, said spokesman Randall Whitestone. Mr. Bourgeois had been a managing director and head of distribution for UBS private funds group. UBS spokesman Doug Morris had not returned a call about how UBS will replace Mr. Bourgeois.
Andrew Gracan joined JPMorgan Retirement Plan Services as vice president of sales, while Kimberley Wrzesniewski was named vice president of client services, said spokeswoman Jacqueline Meere. Both are new positions. Mr. Gracan had been national accounts district manager for ADP Retirement Plan Services, selling bundled retirement services in the midsize and large-plan market markets. Tom McFeeley, spokesman for ADP, did not return calls seeking information on a replacement. Ms. Wrzesniewski was a vice president of client services for ExcellerateHRO, a human resources firm co-owned by Towers Perrin and Electronic Data Systems Corp.
R. Dino Davis was named vice president and product specialist at Rampart Investment Management, an asset management firm that specializes in option strategies, confirmed a company spokesman. It is a new position, responsible for the firms marketing and business development program for institutional and tax-exempt clients. Mr. Davis was investment director for non-U.S. equities for Pyramis Global Advisors. Officials at Pyramis didnt return a call by press time seeking information on his replacement.
Marty Brunke was hired as senior options trader at Capital Institutional Services, an institutional agency broker and independent research firm, confirmed spokeswoman Susan Hartzell. It is a new position. Mr. Brunke was manager of global futures and commodities trading at Koch Quantitative Trading. It was not immediately known who would replace him at Koch. Capis has been expanding its options operations recently along with growing institutional interest and due to program of commission credits on options trades.
Keith Jecks was named senior investment consultant at Watson Wyatt Worldwide, effective April 1, confirmed spokesman Paul Deane-Williams. His post is new. Mr. Jecks will report to Paul Trickett, European head of investment consulting. Mr. Jecks was global head of the pensions advisory group at ABN AMRO Bank based in London. Neither he nor ABN AMRO spokeswoman Joanna Pope could be reached by press time for information on a replacement.
Erik Knutzen joined NEPC as the investment consultants first CIO, the firm announced today. In a news release, NEPC said Mr. Knutzen will oversee all research at the firm and act as a key investment strategist. CEO and Chairman Richard Charlton said in the release that the blurring of lines between traditional and alternative investment mandates had made the need to have an investment veteran overseeing the entire research platform very apparent. Mr. Knutzen had been director of institutional strategies for RiverSource Investments. RiverSource spokesman Ryan Lund said the firm has already begun a search to fill the position.
Dan Bukowski was hired as director of research for Quantitative Services Group, which provides stock selection services, trading analytics and consulting services for institutional investors. Mr. Bukowski will lead the analyst teams responsible for equity research, stock-selection models and trading analysis products, confirmed spokeswoman Catherine Morgenstern. Mr. Bukowski worked most recently as the CIO of global equities at Citigroup Asset Management, according to a release from Quantitative Services Group. Danielle Romero-Apsilos, a spokeswoman for Citigroup, did not return calls seeking comment.
David West was named head of operations in the U.K. for investment consultant Cardano, confirmed spokeswoman Kate Boyle. It is a new position. Mr. West, based in London, will be responsible for leading the team supporting Cardanos U.K. clients. Mr. West was head of securities operations at Brown Shipley.
Martin Boniface joined pension consulting firm Hymans Robertson as a senior consultant focusing on new client relationships among FTSE 250 companies, spokeswoman Susie Pagan confirmed. The position is new. Mr. Boniface will be based in London and Birmingham, England. He was previously an associate in the business development division of Hewitt Associates. Colin Mayes, Hewitt spokesman, said Mr. Boniface will not be directly replaced.