R. Brian Webb was named chief investment officer of Baylor University, Waco, Texas, effective June 1, confirmed Baylor spokeswoman Lori Fogleman.
Mr. Webb will work with the Baylor executive investment committee in overseeing the university's $1 billion endowment. He will report directly to Reagan Ramsower, vice president for finance and administration, and chairman of the committee.
Previous CIO Kent Muckel left in December to become a partner with Perella Weinberg Partners.
Mr. Webb was managing director of UBS Global Asset Management and head of UBS global real estate-U.S., farmland, UBS spokesman Kris Kagel wrote in an e-mail response to questions. Jim McCandless, managing director and president of UBS AgriVest, replaced Mr. Webb; he will retain his duties and title with UBS AgriVest, according to Mr. Kagel.
Microsoft exec to head fixed income for Colorado employee plan
Mark Walter was named director of fixed-income investments for Colorado Public Employees' Retirement Association, Denver, according to a news release from the $35.4 billion retirement system.
Mr. Walter previously served as senior director of Microsoft Corp.'s treasury group, according to the release.
Robert Kremers, Microsoft spokesman, declined to comment. COPERA spokeswoman Katie Kauf-manis could not be reached for comment.
Ontario Teachers' private equity chief steps down
Erol Uzumeri resigned as head of private equity at Ontario Teachers' Pension Plan, Toronto, confirmed Deborah Allan, spokeswoman for the C$96.4 billion (US$96.36 billion) plan. His final day will be May 14.
Chief Investment Officer Neil Petroff will assume Mr. Uzumeri's duties until a permanent replacement is found. “We are conducting an internal and external search,” Ms. Allan wrote in an e-mail response to questions.
deGrave named chairman at PGGM
Frank de Grave was named chairman of the cooperative board of PGGM, confirmed spokeswoman Diana Abrahams.
PGGM manages €93 billion ($124 billion) for Dutch pension fund clients including the €84.3 billion Pensioenfonds Zorg en Welzijn, Zeist, Netherlands.
Mr. de Grave replaces Hans Alders, who stepped down Jan. 1 as part of the split of PGGM into separate money manager and pension fund units. Mr. Alders continues to serve as chairman of PFZW.
Jung plans departure from Texas Teachers
Ronnie Jung, executive director of the Texas Teacher Retirement System, Austin, will step down effective July 1, 2011, confirmed Howard Goldman, spokesman for the $98 billion system.
“Ronnie has served Texans and Texas state government for 36 years, and all of us on the board are grateful that he dedicated his last 14 years to TRS,” R. David Kelly, board chairman, said in a TRS news release.
Mr. Goldman said the board will discuss hiring an executive search firm to find a replacement for Mr. Jung at its May 14 board meeting.
Maryland system seeking four senior analysts
Maryland State Retirement and Pension System, Baltimore, is seeking to hire four senior investment analysts, all new positions at the $35 billion system, said Michael Golden, a system spokesman.
The positions, which will pay up to $94,388 a year, require a minimum of six years of experience in administrative or professional work.
Applications received by May 13 will be given priority, according to an announcement on the fund's website. Mr. Golden said the system hopes to fill the positions by summer.
Lytle gets top Americas investment role at UBS
Shawn Lytle was named head of global asset management Americas for UBS Global Asset Management, confirmed spokesman Kris Kagel.
Mr. Lytle succeeds Kai Sotorp, who is taking a three-month leave and will return to an as-yet undetermined role at UBS Global, Mr. Kagel said. The two will work together for about a month before Mr. Sotorp begins his leave.
Mr. Lytle will report directly to John Fraser, UBS Global chairman and CEO.
Mr. Lytle was deputy global head of equities at UBS. Mr. Lytle's duties will be split among other members of the equities team, Mr. Kagel said in an interview.
UCM's Zuckerwise moves to Russell
Penny Zuckerwise was named Americas Institutional CEO at Russell Investments, Russell spokeswoman Kate Stouffer confirmed in an e-mail.
Ms. Zuckerwise was CEO of UCM Partners, formerly Utendahl Capital Management.
She will report to Andrew Doman, Russell's president and CEO, and will also become a member of the firm's executive committee, the Russell release said.
Ms. Zuckerwise replaced Mark Hansen, who announced at the end of last year that he was leaving the company to pursue other opportunities, Ms. Stouffer wrote, adding that she had no information on Mr. Hansen's whereabouts.
Gregory Parsons will replace Ms. Zuckerwise as CEO at UCM Partners, according to a news release. He was the company's COO. Jay Menozzi was named chief investment officer of UCM.
Mr. Menozzi was a managing director at UCM. He replaced Jo Ann Corkran, who decided to leave for another opportunity, the release said.
Invesco Perpetual gets new CIO in Mustoe
Nick Mustoe was appointed chief investment officer of Invesco Perpetual in the U.K., according to spokeswoman Jane Bland.
Mr. Mustoe starts June 7. He is replacing Bob Yerbury, who will continue at the company as senior managing director.
Mr. Mustoe was CIO of Pictet Asset Management from 2006 to 2008. Prior to that, he was CIO of Hermes Pensions Management. In 2009, Mr. Mustoe was on sabbatical.