Corey Buuhoan was named senior investment officer at the $5.2 billion San Diego City Employees' Retirement System, in charge of alternative investments including private equity and infrastructure. He was assistant investment officer at the system. He will retain his former duties, according to the system's website. Rebecca Wilson, chief of staff, could not be reached by press time for further information.
People: March 21, 2011
Clarissa “Lila” Hunnewell was named chief investment officer of Boston University's $1 billion endowment fund, effective May 4, according to a university news release.
She replaces Pamela L. Peedin, who left to become CIO of the $3 billion endowment of Dartmouth College, Hanover, N.H., last month.
Ms. Hunnewell was a managing director at investment consulting firm Cambridge Associates. Her “relationships will be transitioned to other senior colleagues at the firm,” according to an e-mailed statement from Cambridge.
Bengt Enge resigned as chief investment officer of Norges Bank Investment Management, which handles the assets of the 3.1 trillion Norwegian kroner ($552.8 billion) Government Pension Fund-Global, Oslo, NBIM spokeswoman Siv Meisingseth confirmed.
Mr. Enge resigned March 4. He did not give a reason, Ms. Meisingseth said. Attempts to reach Mr. Enge were unsuccessful.
He was named CIO in August 2009 after previously serving as global head of external management at NBIM.
CEO Yngve Slyngstad has taken on CIO duties while a replacement is being sought.
Randy Cusick, Nancy Nakovick and Thomas Harvey joined SEI to bolster the firm's fiduciary management capabilities for investment discretion on behalf of pension clients, confirmed spokesman Frank Wilkinson. The three senior-level positions are new.
Mr. Cusick is director, institutional advice, focusing on developing customized LDI strategies for corporate pension plan clients. He had been a principal and U.S. investment consulting practice leader at Towers Watson. Carl Hess, global head of investment consulting at Towers Watson, couldn't immediately be reached for comment on a replacement.
Ms. Nakovick is director, global LDI strategy implementation, focusing on development and execution of derivative and overlay strategies for pension clients, according to a news release. She had been a managing director at global trading and financial services firm BTIG.
Mr. Harvey is director, institutional advice, focusing on pension-related balance sheet or expense volatility, according to the news release. He had been a managing director at investment banking and corporate advisory firm Curtis Financial Group.
Richard Davies was named managing director for defined contribution at Russell Investments, effective June 1, the company announced March 9.
The position is new. Mr. Davies “is responsible for the leadership, overall business strategy and management of the DC business,” Kate Stouffer, a Russell spokeswom-an, wrote in an e-mail.
Josh Cohen, DC practice lead-er, will report to Mr. Davies. Mr. Cohen “is responsible for providing thought leadership to Russell clients and for consulting to DC plans on fund selection, plan structure and participant support issues,” Ms. Stouffer wrote.
Mr. Davies, who could not be reached for comment, was senior managing director, defined contribution and subadvisory relationships, at AllianceBernstein. He left March 11 and will not be replaced, said John Meyers, a spokesman for AllianceBernstein, in an interview.
“We will be bolstering the ranks of senior talent that could include people inside and outside the firm, “said Mr. Meyers, declining to provide details.
Greg Gilbert, CEO of Russell's Americas Institutional unit, in a news release, said: “There is growing momentum around the open architecture and objective, institutional-quality solutions that Russell provides for plan participants, so we are excited to welcome a leader of Dick's caliber to help us maximize growth opportunities for our DC business.”
Bruce Ruehl took over leadership of Americas client advisory services at Aksia after his co-head, Jaeson Dubrovay, became a consultant to the firm, said a source who asked not to be identified.
Mr. Dubrovay's new role does not include day-to-day responsibilities at the hedge fund consulting firm, according to the source.
Messrs. Ruehl and Dubrovay were named principals and co-heads of the Americas client services team in the first quarter of 2010.
Jim Vos, principal, CEO and head of research, declined to comment on Mr. Dubrovay's situation. Mr. Dubrovay could not be reached for comment.
Theresa Malone resigned as national practice leader at Plan Sponsor Advisors, a consulting firm specializing in defined contribution plans.
She joined in October. Donald Stone, president and co-founder, said he didn't know her plans and would not disclose the reason for her resignation.
When asked whether his firm would replace Ms. Malone, Mr. Stone said: “We're still determining what we're going to do.”
Ms. Malone could not be reached for comment.