Fred J. Thiele was named director of global benefits at Microsoft Corp., Redmond, Wash., a Microsoft spokesman confirmed. The position is new. Microsoft's global benefits group manages Microsoft's $5.5 billion 401(k) plan.
Mr. Thiele was global retirement director at Intel Corp., Santa Clara, Calif., where he oversaw Intel's $303 million U.S. pension plan, $457 million non-U.S. pension plan and a $3 billion 401(k). All figures are as of Dec. 31, according to SEC filings. Information on his replacement at Intel could not be learned by press time.
David B. Wescoe was named executive administrative director of the Motion Picture Industry Pension and Health Plans, Studio City, Calif., effective Dec. 1, said Arlene Falk Withers, chief administrative and legal officer. Mr. Wescoe will oversee the $2.2 billion defined benefit, $2 billion defined contribution plan and the health plans, she said.
He replaces Thomas A. Zimmerman, who is retiring in June 2010 after 11 years in the post. Mr. Wescoe will transition into his new role during that time. Mr. Wescoe is administrator and CEO of the $4.3 billion San Diego City Employees' Retirement System. His replacement has not been named, Rebecca Wilson, chief of staff, wrote in an e-mail response to questions.
The system's board will “discuss possible candidates and the process to fill the position in the coming weeks,” Ms. Wilson wrote.
Andrew Tunks was named interim director of fixed income at Scottish Widows Investment Partnership, according to a news release.
It is a new position that will oversee parent company Lloyds Banking Group's transfer of £20 billion ($33 billion) in fixed-income assets to SWIP from LDI specialist Insight Investment Management.
The transfer was part of a deal in August by Lloyds to sell Insight to Bank of New York Mellon.
Mr. Tunks was head of fixed income and global macro at Old Mutual Asset Management.
Victoria Jackson, SWIP spokeswoman, said the firm will seek a permanent head of fixed income; Mr. Tunks can apply for the post. A call to Matthew Gregorowski, Old Mutual spokesman, was not returned by press time.
Jay Teevan White was named director at credit and distressed debt investment firm Strategic Value Partners and Harold Siegel was named managing director of SVP's investor relations group, confirmed spokesman Jonathan Gasthalter.
Ms. White will be responsible for developing new clients and attending to the existing investor base, and Mr. Siegel will focus on adding more high-net-worth clients to the firm. Both are new positions, Mr. Gasthalter said.
Ms. White was managing director of Intermarket Corp., where she served on the distressed credit investment team, and Mr. Siegel was managing director of Highland Capital Management's institutional sales group. Spokesmen for Intermarket and Highland could not be reached for comment.
Andrew Jessop was named executive vice president and high-yield portfolio manager at PIMCO, effective Nov. 30, according to a news release.
Mark Porterfield, PIMCO spokes-man, did not return an e-mail by press time requesting for further information.
Mr. Jessop was portfolio manager and co-head of the high-yield group at Goldman Sachs Asset Management. A Goldman Sachs spokesman could not be reached by press time about his replacement.
