Trish Taniguchi was promoted to director of the global equities portfolio at the $132.6 billion California State Teachers' Retirement System, West Sacramento.
Ms. Taniguchi, who has been managing the $73.2 billion portfolio as either interim director or co-director since March 2008, will become director immediately, CalSTRS Chief Investment Officer Christopher J. Ailman said in a news release from the system.
CalSTRS spokesman Ricardo Duran did not return phone calls seeking additional information by deadline.
UPS names Foster to run DC plans
Denise Foster was named manager for defined contribution plans at United Parcel Service Inc., Atlanta, said Mary Ann Tweddle, retirement portfolio manager. She will replace Deste Arthurton, who will retire April 30.
Ms. Foster was a human resources manager at UPS. In her new job, she will be responsible for all 401(k) plan business, including administration, vendor management, education and communications.
UPS had $8.77 billion in defined contribution assets as of Sept. 30.
GM treasurer Borst to replace Everett at asset management unit
Walter Borst will become CEO of Promark Global Advisors, General Motors' asset management subsidiary, replacing Nancy Everett, who will leave the company June 1.
Mr. Borst, currently treasurer at GM, will become CEO of Promark on May 1, confirmed spokesman Tom Wilkinson. Mr. Wilkinson said he has no details about Ms. Everett's plans, and Ms. Everett wasn't immediately available for further comment.
Mr. Borst will be replaced by Daniel Ammann, who will become GM vice president-finance and treasurer. He comes from Morgan Stanley, where he was managing director and head of industrials investment banking.
New Mexico picks interim investment officer
Steven K. Moise was selected as interim state investment officer at the $13.43 billion New Mexico State Investment Council, Santa Fe, said Charles Wollmann, public information officer.
Mr. Moise is a member of the New Mexico State Board of Finance.
His appointment is pending approval of the council's board, which is awaiting four new members yet to be appointed by the state Legislature as part of a new state law reorganizing the council.
He would replace Bob Jacksha, who has been interim state investment officer since the resignation of Gary Bland in October.
Mr. Jacksha plans to return to his post as chief investment officer of the $8.3 billion New Mexico Educational Retirement Board, Santa Fe, on April 1.
Mass. plan votes to remove executive director
Essex (Mass.) Regional Retirement Board voted March 29 to remove Timothy A. Bassett as executive director, according to Joseph E. Connarton, executive director of the Massachusetts Public Employee Retirement Administration Commission, which oversees public plans in the state.
That 3-1 vote, with Mr. Bassett dissenting, followed the March 18 release of a PERAC audit that concluded that the $220.9 million system's “financial records are not being maintained and the management functions are not being performed in conformity with the standards established by PERAC.”
Mr. Connarton said Mr. Bassett remains executive director of the board pending a special meeting of the Essex board scheduled for April 12 to finalize the March 29 decision. Under the terms of Mr. Bassett's contract, he is allowed to seek arbitration. Mr. Connarton said it's unclear how the Essex board will proceed.
Anson to join Oak Hill as managing partner, CIO
Mark Anson will join Oak Hill Investment Management Group as managing partner and chief investment officer, a new position at the firm.
Mr. Anson will leave his post of president and executive director of investment services at Nuveen Investments, April 5.
“I've known them for a long time and committed capital to an Oak Hill private equity fund when I was at CalPERS,” said Mr. Anson, who left the $205.8 billion California Public Employees' Retirement System, Sacramento, where he was CIO, in 2005.
“We have had conversations over the years about me joining them.” And now “the time feels right to join,” he added.
“There was no specific catalyst at Nuveen” prompting him to leave, Mr. Anson said.
“I wanted to get back to managing money day to day ... for clients,” Mr. Anson said. “It's what I am good at and what I enjoy.”
Oak Hill has $12 billion in assets under management, roughly half from pension funds, sovereign wealth funds, other institutional investors and half from high-net-worth individuals.
Nuveen, which has $145 billion in assets under management, won't replace Mr. Anson, said Kathleen Cardoza, Nuveen vice president-communications.
The team in place, led by Margo L. Cook, executive vice president-investment services and development and oversight, will take up his duties.
Chicago fund looking for investment manager and a couple portfolio managers
Chicago Public School Teachers' Pension and Retirement Fund is seeking a manager of investments and a portfolio manager-private equity and hedge funds.
Both are new positions at the $9.4 billion fund.
The fund is adding the staff because of the “increasing complexity of our portfolio,” especially in the non-publicly traded securities area, according to Kevin R. Huber, executive director.
The fund is not using an executive search firm. It plans to keep the postings on its website, http://www.ctpf.org/, open to applicants for at least 30 days and plans to hire in the next three months, according to Mr. Huber.