hernoff, Paul G. Barr, Barry B. Burr
Paul Burik was named chief investment officer of Commerz International Capital Management GmbH, Frankfurt, which manages about $5 billion in non-German institutional accounts.
He replaces Norbert Enste, who has been charged with administration and setting up the manager's international offices, including one to be set up shortly in Singapore.
Mr. Burik had joined the bank in the spring as director of investment strategy, a job he retains. Previously, he had been director of research at Ennis Knupp & Associates, Chicago.
In a coup for Frank Russell Co., Frederic Jolly and Pascal Duval are leaving The Wyatt Co.'s Paris operation to open a Paris office for Russell Dec. 1.
Mr. Jolly, who heads Wyatt's Paris office, and Mr. Duval are two of the leading French asset consultants. They will hire an additional consultant to staff the Paris office.
"The size and potential growth of the French investment industry make Paris an important strategic market for Russell," said Craig Ueland, director of Russell's international operations and managing director of the company's London office.
As of the end of 1992, externally managed French institutional pension assets totaled about 430 billion francs ($84 billion). Russell expects that figure to double by 2000.
Neither Mr. Jolly nor Mr. Duval was available for comment. A spokesman for Wyatt said their duties are being divided among other Wyatt consultants while a search is made for replacements.
Sophie L'Helias, who quickly came to prominence as a leading corporate governance expert in France, has started her own shareholder advisory firm, Franklin Global Investor Services.
Ms. L'Helias, who has worked with clients including the California Public Employees' Retirement System and the College Retirement Equities Fund, said she started the company at the urging of French money managers.
Her previous employer, Deminor France, a unit of Brussels-based Deminor S.A., had both institutional and individual clients, but Paris-based Franklin will represent institutional investors only.
French money manager Richelieu Finance S.A., Paris, is one of Ms. L'Helias' first clients. She also will target U.S. and possibly U.K. investors, who seek to have a voice with management of French companies.
Institutional ownership of French equities is expected to jump to 50% in the next 10 years from about 30% now. As a result, French management will need to better understand such investor concerns as voting rights, she said.
James R. Eckmann was hired as vice president of the newly established client services group of Investment Advisers Inc., Minneapolis, the first of three client services staffers expected to be hired this year. I.P. "Kip" Knelman, executive vice president, said the firm wants to expand its client servicing.
Mr. Eckmann previously was director, investor relations and investments, at Dayton Hudson Corp., Minneapolis. Wayne Wicker, director of investments, will assume Mr. Eckmann's benefits investments duties, while Susan Kahn, director of investor relations, will take over his investor relations duties.
Carol Levenson left Harris Investment Management Inc., Chicago, where she was a senior credit analyst, to start a daily, one-page publication to offer independent analysis of credit issues and events in the taxable domestic and foreign high-grade bond market, including corporates and governments.
Called Gimme Credit, the publication will be launched Nov. 1. She plans to deliver it by fax, mainly to money managers.
Harris executives couldn't be reached about replacing Ms. Levenson.
Eleanor T. M. Hoagland, formerly managing director for J.P. Morgan & Co.'s international funds group, has been named chief portfolio strategist of AMT Capital Advisers Inc., New York, a new position at the mutual fund distribution/administration firm. AMT serves as investment adviser to a manager of managers mutual fund which it distributes.
Christine Schadlich was promoted to vice president in portfolio management with AMB Institutional Realty Advisors Inc., San Francisco. She was formerly a portfolio manager with the firm.
Amy Unger joined MacFarlane Partners L.P., San Francisco, as director-capital markets investments, where she is overseeing the development of the firm's real estate securities and residential land development, a spokesman said. Ms. Unger will also be in charge of the Mellon Participating Mortgage Trust, a public REIT that MacFarlane sponsors.
She was a consultant Rosen Consulting/Wells Fargo Capital Markets, San Francisco.
Trust Co. of the West hired two executives to work in the New York office in new positions: Mel Schmidt, senior vice president of equity research and trading support, and Shannon M. Callan, senior vice president of Latin America equities. This will be Ms. Callan's second stint with TCW, having left the firm initially to join Moore Capital, an offshore hedge fund manager, according to a TCW statement.
Kemper Financial Services Inc., Chicago, appointed three new international equity analysts: Daniel Chung, formerly a financial analyst at Serfin Securities, New York, specializing in Mexican companies; Andrew Mason, former head of the Asian desk for Universities Superannuation Scheme Ltd., London; and Marc Slendebroek, former manager of Dutch research at Kleinwort Benson Securities, London.