MSRPS; SSgA; Baillie Gifford & Co; BlackRock; Mercer; Matrix Group; International SOS; Nestlé; HSBC.
A. Melissa Moye has been appointed chief investment officer at the Maryland State Retirement and Pension System (MSRPS). She will replace Mansco Perry III's departure at the end of October who is joining the endowment fund of Macalester College in Minnesota for his new position as CIO.(Global Pensions: October 11, 2010).
Moye will take on the role temporarily at the end of the month until a replacement is found.
Moye was named as deputy treasurer for financial policy in 2007 and will continue in this capacity. She was also trustee of the MSRPS from 2003 to 2007 and chaired the board's corporate governance committee and was a member of the Investment committee. Moye was previously employed by Amalgamated Bank Trust & Investment Services as vice president/chief economist from 2001-2005 and then as senior vice president/director of investment services from 2005 to 2007.
State Street Global Advisors (SSgA) has named Kevin D. Anderson as global chief investment officer for fixed income and currency and Marc Reinganum has been promoted to global active developed market equities at the firm.
Anderson was previously global head of fixed income beta solutions. He is replacing Mark Marinella who resigned to pursue other opportunities and will work alongside global co-heads Bill Cunningham and Bill Street. Anderson joined the firm in 2001 and developed all fixed income beta solutions globally. Prior to SSgA, he oversaw quantitative strategies at Schroder Investment Management.
Reinganum's current position of head of international active developed markets equities has been expanded to include the US active equity team and the Canada developed markets team. He joined in 2009 from Oppenheimer Funds.
Gerald Smith has been named chief investment officer at Baillie Gifford & Co in Edinburgh. The firm has also appointed Tom Coutts as head of the European equity team. Both will assume roles in April 2011.
Smith follows James Anderson who has been CIO since 2006. Anderson will remain head of the long term global growth team and is also chairman of the EAFE alpha portfolio construction group, manager of Scottish Mortgage Investment Trust, a member of the investment policy committee and a partner. Smith joined Baillie Gifford in 1987 and has been a partner since 1998. Smith is currently deputy CIO and chairman of the emerging markets investment policy committee. In his new role he will chair the investment policy committee at the firm.
Coutts is replacing Peter Hollis who will leave the company April next year for personal reasons, as announced in January 2010. Coutts joined Baillie Gifford in 1999.
BlackRock has announced Ian Winship as senior portfolio manager for the sterling fundamental fixed income team in London. Reporting to head Paul Shuttleworth, Winship will develop sterling rates. Winship was previously head of absolute return product at Brevan Howard. Before that, he was head of global rates at Aberdeen Asset Management.
Roslin Wright has rejoined Mercer as principal and client relationship manager in its outsourcing business in Glasgow. She joins from Aon Consulting where she was client development director. Before this, she was UK outsourcing sales leader at Mercer.
Alison Stewart, head of client relationship management said: "We are delighted to have Roslin return to Mercer. She brings excellent client relationship skills and in-depth knowledge of pensions administration to the team."
Matrix Group has hired Simon Elvidge as group head of compliance and assurance. He will cover the investment banking, asset management and property divisions. Elvidge joins from Numis Securities where he was head of compliance in the UK and US. Prior to this, he worked for Société Générale group and Newedge Group where he oversaw compliance, financial crime prevention, operational risk and internal audit for global and European parts of the business.
Mercer has appointed Simon Thompson as principal and senior international consultant. The firm has also hired Anna Bochko as international consultant, Anusha Vamadeva as international analyst, and Mark Harris as international consultant whilst others have been transferred in response to growing demand from multinationals on expatriate mobility and international benefit management issues.
Thompson and Harris join from International SOS where Thompson was corporate development director for Northern Europe. Before this he was senior global new business consultant at BUPA International. Harris was development director for European Economic Union at the firm.
Bochko joins Mercer's global benefits management team from Aon and Vamadeva has been recruited from HSBC where she was consultant for the health and risk practice. Additionally, Graeme Cook has also joined International SOS as a consultant based in Belgium, having transferred from its health & benefits business in Singapore.
Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers after 38 years of service at the firm. (Global Pensions: October 12, 2010).
HSBC Global Asset Management has appointed Joanna Munro as chief executive officer of its Asia-Pacific business. Munro will take up her new role in the second quarter of 2011. (Global Pensions: October 12, 2010).
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.