Lee Partridge was promoted to deputy CIO at the $96 billion Texas Teacher Retirement System, Austin, confirmed spokeswoman Juliana Helton.
He will oversee strategic research, risk management, external managers, hedge funds and trading at the system. Mr. Partridge had been managing director of strategic research and risk management; that position was filled by Nigel D. Lewis, who will oversee strategic research, asset allocation, risk analysis, fund surveillance and portfolio construction. Prior to taking the position, Mr. Lewis focused on risk management and strategy at Principal Global Investors.
Also at the system, Steve LeBlanc was named senior managing director of private markets, responsible for real assets, principal investments portfolios and private equity. He had been president and CIO at Summit Properties, a REIT. Officials at Summit could not be reached by press time about Mr. LeBlanc's replacement.
Scarlett Ungurean joined ABA Retirement Funds, the investment arm of the American Bar Association, Chicago, as executive director of its $4 billion retirement plan on Oct. 27, spokesman Dave Jaffe confirmed.
Ms. Ungurean replaces John Puetz, who retired, Mr. Jaffe added.
Ms. Ungurean previously worked for Boeing Co. as senior manager for defined contributions, overseeing $31 billion in DC assets, said spokesman Todd Blecher. He said he did not have any details on Ms. Ungurean's replacement. She joined Boeing last March, and before that was a senior consultant with Mercer.
Travis Monroe was named the director of administrative services in the Oklahoma Treasurer's Office and will become administrator of the $400 million Oklahoma Tobacco Settlement Endowment Trust Fund and the $160 million EDGE Fund Board of Investors, both in Oklahoma City, confirmed Tim Allen, deputy state treasurer. Mr. Monroe previously served as the treasurer's director of budget and policy.
Mr. Monroe replaces James R. Wilbanks, who left last month to become executive secretary of the $8.7 billion Oklahoma Teachers' Retirement System, Oklahoma City. Mr. Wilbanks replaced Tommy C. Beavers, who is retiring Dec. 31.
Brendon Shepherd will leave as CIO of the A$7.6 billion (US$5 billion) Health Super, Melbourne, Australia, at the end of this year, according to Investment & Technology newspaper.
Chief Executive Officer Chris Clausen said Mr. Shepherd, who has been CIO for five years, is taking some well deserved time off and did not know whether he planned to return to the industry.
Mr. Clausen said the fund hired recruiter Thomas Hancock Associates to fill the vacancy.
The $205 million El Paso County Pension System, Colorado Springs, Colo., is in the process of hiring an executive search firm to find a replacement for outgoing plan administrator Dave Klemmer.
Mr. Klemmer said it is too early to give specifics, but the board is negotiating with a company. He declined to identify the firm. Mr. Klemmer originally announced in October that he planned to retire Dec. 31, but finding his replacement could take longer.
I'm not going to leave them high and dry, Mr. Klemmer said. I'll stay in the position until the position is filled.
Erik Ristuben was named CIO of North America at Russell Investments, said spokeswoman Jennifer Tice.
He replaces Noel Lamb, who left the company last month to pursue other opportunities in the U.K., Ms. Tice said.
Mr. Ristuben retains his previous responsibilities as CIO of multistrategy solutions with Russell Investments.
Separately, a handful of investment professionals involved with Russell's money-market funds left the company last week: Mark Amberson, senior portfolio manager and head of short-term investments; Philip Coates, senior portfolio manager; and Helen Stewart, director of credit research.
Mr. Amberson was replaced by Kelly Mainelli, who was promoted from senior portfolio manager; and Mr. Coates was replaced by Joe Glynn, who was a portfolio manager. Ms. Tice said a search for Ms. Stewart's replacement is under way.
Asked if the four professionals were terminated, Ms. Tice said Russell Investments doesn't comment on personnel matters. She said Russell is pleased to have a strong bench and will be looking to make additional hires to fill any vacancies.
Additionally, Alan Schoenheimer was named head of international business at Russell Investments. It is a new position, Craig Morris, director of marketing, wrote in an e-mail.
Mr. Schoenheimer was CEO of Russell's Asia-Pacific region, with oversight of operations in Australia, New Zealand, Japan and Asia. His role will expand to include Russell's Europe, Middle East and Africa operations. He will be based in London and reports to John Schlifske, Russell's global president and CEO.
Chris Corneil, previously managing director of Russell's Investor Services group, was promoted to managing director, Australia and New Zealand, and will assume some of Mr. Schoenheimer's previous duties. A replacement for Mr. Corneil has not been named. Mr. Morris said the management structure in the Australia-New Zealand region is under review, and Mr. Corneil will announce a new management team and structure in the next few weeks.
Bruce Pflaum, managing director of Japan and Asia, will take over Mr. Schoenheimer's Asia-Pacific duties.