Eve Guernsey will retire as CEO, investment management Americas, at J.P. Morgan Asset Management by the end of 2010, confirmed spokeswoman Mary Sedarat.
Plans to replace Ms. Guernsey, who has spent three decades helping build the money management unit of J.P. Morgan Chase & Co, should be finalized over the coming month or two, Ms. Sedarat said. J.P. Morgan Asset Management had $1.2 trillion in assets under management as of Dec. 31.
In a telephone interview, Ms. Guernsey said after 33 years at J.P. Morgan and with the business in “fantastic shape,” she felt it was a good time to make a family-focused decision to retire.
Rotner named CIO of Children's Hospital
Philip Rotner was named chief investment officer of Children's Hospital Boston, effective May 1, to oversee the hospital's endowment, capital and retirement plans, confirmed Bess Andrews, the hospital's director of public affairs.
The position is new.
An investment committee of the hospital's board of trustees has managed its investments until now, Ms. Andrews said. She couldn't immediately say how much in assets Mr. Rotner will oversee.
Mr. Rotner was a managing director at MIT Investment Management Co., where he oversaw private equity investments for the Boston-based university's $10 billion endowment fund. An MIT spokeswoman said no decision has been made yet on whether to replace Mr. Rotner.
Misic to run alts for Telstra Super
Kate Misic was named head of alternatives at Telstra Super, Melbourne, Australia, according to Investment magazine, Sydney.
Ms. Misic, who was a senior portfolio analyst with Warakirri Asset Management, will manage the A$10 billion (US$9.3 billion) Telstra Super's investments in listed alternative strategies, primarily hedge funds.
Ms. Misic's appointment completes the renewal of the Telstra Super internal team, which experienced an outflow of key staff in the past eight months; the former head of alternatives, Nicole Connolly, joined Russell Investments last month.
Earlier this month, Robert Talevski joined Telstra Super as private equity specialist, a new position.
Mr. Talevski was a senior member of the private equity team at JANA Investment Advisers, the pension fund's investment consultant.
Jim Christensen, chief investment officer of Telstra Super, told Investment that Mr. Talevski “will have primary day-to-day responsibility for running the private equity portfolio.”
Ian Patrick, CEO of JANA, declined to comment on the redistribution of Mr. Talevski's duties among the team.
CalSTRS gets new board chair, vice chair
Jerilyn Harris was elected board chairwoman of the $132.6 billion California State Teachers' Retirement System, West Sacramento, and Harry Keiley was elected vice chairman, both for the 2010-‘11 term.
The two were unanimously elected at CalSTRS' April 9 meeting.
The chair and vice chair of the 12-member board are elected annually, according to a CalSTRS news release.
Ms. Harris, a retired science teacher, has served on the CalSTRS board since 2005 and was elected vice chairwoman in 2009. Mr. Keiley, a high school teacher with the Santa Monica-Malibu Unified School District, was elected to the board in 2007.
Ms. Harris replaces Dana Dillon, as chairwoman. Ms. Dillon is a school teacher from Weed.
Encore Equities names new head of institutional equities
Mark Cypert was named senior vice president of institutional equities at real estate investment manager Encore Equities.
It is a new position, said spokesman Alex Fencl.
Mr. Cypert is charged with raising institutional investor capital, managing the firm's research and helping to identify commercial real estate investments.
Mr. Cypert was managing director and principal of Cawley Partners. Bill Cawley, chairman and CEO, could not be immediately reached for information on Mr. Cypert's replacement.
Joseph P. Karpinski returned to Yanni Partners as a senior consultant and senior director of business development.
The position is new, said Rose Martin, coordinator of administration and business development.
He was director of marketing and client services at Yanni until 1998.
Mr. Karpinski most recently was a sales director focused on Taft-Hartley clients at Wells Capital Management. Debbi Tippett, a spokeswoman for Wells Capital, declined to comment on whether he had been replaced.
Cianci moves to Aberdeen Asset Management
Stephen R. Cianci was named a senior portfolio manager at Aberdeen Asset Management, confirmed Katie Cowley, a spokeswoman for Aberdeen.
The position is new.
Mr. Cianci was a partner and head of structured products for fixed income-focused boutique Logan Circle Partners.
Daniel Perullo, senior client service officer with Logan Circle, couldn't immediately be reached for comment.
Chang joins Colony Capital
Justin Chang joined Colony Capital as a principal, a new position in which he will be responsible for investing in areas such as energy, natural resources, health care and consumer products, all new products for Colony.
Mr. Chang was a partner at TPG Capital; he retired