Including: US - Russell Reed opens clean-tech investment manager; US - New Hampshire names interim director; UK - Xafinity wins Thales contract
Russell Reed, former chief investment officer of the California Public Employees Retirement System (CalPERS), has announced the formation of C Change Investments, a boutique investment manager dedicated to identifying, developing and deploying clean energy technologies.
As CIO of CalPERS, Reed, now CEO of C Change, helped push the giant pension fund's investments towards a focus on clean technology and sustainable investments. He is joined by co-founder, John Preston, former director of MIT Technology Development.
US - New Hampshire names interim director
The New Hampshire Retirement System (NHRS) has appointed Merelise O'Connor as interim executive director after its current executive director, Constance Donovan, leaves in early December 2008.
O'Connor has been part of NHRS since 2002 and is currently the NHRS chief member services officer and interim deputy executive director, a post she has held since summer this year.
NHRS said the recruitment process for a new executive director was underway and hoped to have the position filled by early next year.
UK - Xafinity wins Thales contract
Xafinity Paymaster has won a new contract with electronics and systems group Thales to provide pension administration services to the Thales UK Pension Scheme.
Thales said the contract was awarded following the scheme's trustees' decision to consolidate administration of its new career-average pension scheme from several providers to one, while improving the accessibility of services available to their members via the internet.
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