Eileen Rominger was named director of investment management at the SEC.
She will begin at the agency in February, according to a news release.
Ms. Rominger was global chief investment officer at Goldman Sachs Asset Management; she left the money manager at the end of 2010 and was not replaced.
At the SEC, she will replace Andrew J. “Buddy” Donohue, who left in November. Jennifer B. McHugh, a senior adviser to SEC Chairwoman Mary L. Schapiro, had been acting director of the division.
“The investor protection mission of the SEC has never been more important,” Ms. Rominger said in the release. “Retirement and other important financial needs loom large for millions of Americans, even as investment choices increase in number and complexity. I'm honored to have the opportunity to lead the Investment Management Division and its talented staff as they drive their critical agenda of transparency and integrity in the industry.”
“Eileen brings the agency a lifetime of experience in the asset management industry and a record of strong leadership,” Ms. Schapiro said in the release. “She understands the importance of the nation's investment management industry to the well-being of investors everywhere.”
Kim France on Jan. 11 was named interim executive director of the $5 billion New Hampshire Retirement System, Concord.
Ms. France, currently director of administration, was appointed by the system's board of trustees and will hold both titles until a permanent executive director is named, Marty Karlon, the system's public information officer, said in an interview. She has worked for the system for 10 years in various leadership roles.
Richard W. Ingram, the previous executive director, was named executive director of the $33.2 billion Illinois Teachers' Retirement System, Springfield, on Jan. 5.
Mr. Karlon said the board of trustees has not made a decision about the search process.
“The board didn't want to rush into a decision about replacing Dick Ingram. It was more important to trustees to get a qualified interim director in place and then to develop a plan for searching for a permanent replacement,” Mr. Karlon said.
Washington State Investment Board, Olympia, is searching for a fixed-income investment officer and an in-house tangible assets senior investment officer, according to separate job postings on the $76.7 billion board's website.
The board in November 2007 approved a 5% target allocation from the $55 million in state pension assets held in the state's commingled trust fund to tangible assets, including infrastructure, agriculture, commodities, natural resource rights and timber.
As of Sept. 30, the board had committed $603 million to the asset class.
The tangible assets officer position is new, said Mary Hobson, executive vice president at EFL Associates, the executive search firm assisting in the search.
“They wanted to grow and needed someone full time” to oversee the asset class, she said in a telephone interview.
For more information about the tangible assets position, contact Elena M. McCall, assistant vice president at EFL Associates, at 720-200-7021 or by e-mail at [email protected]
The selected fixed-income investment officer will oversee $13 billion in pension assets, according to a job posting on the WSIB website at www.sib.wa.gov/index.html.
Those interested in the fixed-income officer position can send resumes to Washington State Investment Board, Attn: Human Resources, 2100 Evergreen Park Drive S.W., P.O. Box 40916, Olympia, WA 98504-0916 or by e-mail to [email protected]
WSIB spokeswoman Tish Day could not immediately be reached for further details.
Texas County & District
Amy Bishop was named deputy director of the Texas County & District Retirement System, Austin, according to a news release.
Tom Harrison had been deputy director; he left the position in 2008 but has since returned to the system as general counsel, said spokeswoman Kathy Thrift.
She was chief customer officer for the $16.7 billion system.
Gregory Fleming, president of Morgan Stanley Investment Management, will replace Charles Johnston as president of global wealth management at Morgan Stanley.
Mr. Fleming will continue to lead the asset management business, according to an internal memo obtained by Bloomberg News and confirmed by Jeanmarie McFadden, Morgan Stanley spokeswoman.
Mr. Johnston will serve as vice chairman of Morgan Stanley Smith Barney before retiring at the end of 2011.
Jack DiMaio, head of interest rate, credit and currency trading, will leave the firm, according to the memo. Ken deRegt, the firm's chief risk officer, will become global head of fixed-income sales and trading, excluding commodities.
Keishi Hotsuki, Morgan Stanley's head of market risk, will serve as the interim chief risk officer, according to the memo.
Jeffrey Weingarten was named CEO of Grosvenor Fund Management and James Raynor was named chief investment officer, according to a news release.
Mr. Weingarten is non-executive chairman; his appointment as CEO is effective March 17. He will succeed Stuart Beevor, who is leaving the firm on that date. Grosvenor spokesman Lorin Horosz could not be reached by press time about Mr. Beevor's plans.
Mark Preston, CEO of parent Grosvenor Group, will also become chairman.
Mr. Weingarten was CIO and managing director of Goldman Sachs Asset Management International from 1991 to 1995.
The CIO position is new. Mr. Raynor will retain his duties as director, continental Europe.
Jay Ralph will become CEO and COO of Allianz Global Investors, confirmed AGI spokesman Hanno Strube.
Mr. Ralph will keep his current role as board member of AGI's parent, Allianz SE, responsible for the company's North American insurance business. He will become COO on April 1 and will take over as CEO on Jan. 1, 2012.
“We think there will be synergies and product development capabilities” between the insurance and asset management business, Mr. Strube said.
Mr. Ralph replaces Joachim Faber as CEO and Marna Whittington as COO. Mr. Faber will retire on Dec. 31, while Ms. Whittington will continue to serve as CEO of U.S. subsidiary Allianz Global Investors Capital. Ms. Whittington was CEO of Nicholas-Applegate Capital Management, another Allianz subsidiary, which was merged into Allianz Global Investors Capital in 2010.
Antoine de Salins was named chief investment officer at Groupama Asset Management, effective Feb. 7, spokeswoman Berengere Savelli confirmed.
He will replace Romain Boscher, who left in December to pursue other opportunities.
Mr. de Salins will step down as executive board member and manager selection committee member at the e35.7 billion ($46.2 billion) Fonds de Reserve pour les Retraites, Paris, a spokeswoman confirmed. A replacement will be named in the near future, the spokeswoman said.
Joseph R. Linehan was named acting president of Ullico Investment Advisors, the asset management unit of Ullico Inc., said spokesman Bill Thornton.
Mr. Linehan replaces Peter Jones, who resigned earlier this month to pursue other opportunities, Mr. Thornton said; he did not have further information. Mr. Jones could not be reached for comment.
Mr. Linehan who was vice president, investments at Ullico Investment Advisors, will retain those duties.