Northern Trust; HOOPP; LACERA; PRUPIM; Blackstone Group; Towers Watson; State Street; F&C; CalPERS; Natixis
Northern Trust has appointed Robert Morgan to lead a newly created unit, Northern Trust Alternatives Group.
Morgan, who was previously director of private equity, will oversee approximately $3.5bn as managing director of the new group. He will report to chief investment officer Bob Browne.
The unit was formed to develop and manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients.
Northern Trust Global Investments president Stephen Potter said: "Alternative investment products have experienced substantial growth at Northern Trust in recent years, and this new group is a clear sign of our commitment to innovation and client service in this area,"
"Under Bob Morgan, the Northern Trust Alternatives Group will be a centre of expertise for alternative investment solutions and products, allowing us to capitalize on the strong demand for these capabilities from our wide range of qualified investor clients."
Jim Keohane has been appointed president and chief executive officer of C$35.7bn ($35.5) Healthcare of Ontario Pension Plan (HOOPP), following the planned retirement of current CEO John Crocker at the end of the year.
Keohane will take up the new role at the beginning of 2012. He is currently HOOPP's CIO and senior vice president of investments. As CIO, Keohane was credited with leading HOOPP's adoption of a liability driven investment strategy, adding more than C$17bn to the fund and enabling it to maintain its fully funded status
The Los Angeles County Employees Retirement Association (LACERA) has appointed David Kushner as CIO.
As CIO, Kushner will provide guidance for over 20 investment professionals and support staff on investment of retirement fund assets in accordance with the investment policy statement developed by LACERA's board of investments.
Kushner joins from San Francisco Employees' Retirement System where he served as CIO. He will assume the role in November.
Real estate fund managers, PRUPIM has appointed Chris Nash as director of institutional business.
Nash will oversee the development of new real estate products as well as seeking to secure investment in existing funds, in line with PRUPIM's strategy of growing its third party institutional funds under management.
Previously, Nash was director and fund manager at ING Real Estate.
PRUPIM managing director, Martin Moore said: "Chris has a proven track record in new business development, fund management and equity raising, and he will be a tremendous addition to the team as we seek to broaden our global business."
The Blackstone Group has appointed Paul Costello as non-executive chairman for Australia and New Zealand. He will report to Tony James, Blackstone's president and Michael Chae, who head private equity for the firm in Asia-Pacific.
Costello joins from Australia's Future Fund where he was general manager.
Chae said: "Australia is a market of long-term importance to Blackstone both for the increasing number of institutions there that are choosing to invest with us, and as a source of attractive investment opportunities for our funds. Paul's background superbly positions him to guide us as we grow our business in Australia and New Zealand."
Towers Watson has recruited Richard Tan and Agnes Lee to its private markets manager research team in Hong Kong.
Tan joins from Squadron Capital, a private equity fund of funds manager in Hong Kong, where he was an investment director. Lee was an investment director at Navis Capital Partners, a growth-oriented buyout firm focusing on South and Southeast Asia.
Towers Watson's specialist private markets team comprises around 40 people responsible for advising clients on managing private equity, real estate, infrastructure or holistic private markets portfolios, with assets under advice of around $60bn.
Asser Makarem has joined State Street as vice president of business development for the firm's global services business in the Middle East and North Africa.
Makarem will be based in Doha and will report to Rod Ringrow, senior vice president and head of State Street Middle East and North Africa (MENA). He joins from HSBC Bank Middle East where he was responsible for regional sales.
Ringrow said: "MENA is an important region for State Street and we are delighted to have Asser join us. His strong understanding of the region's institutional financial services market and deep experience in managing and expanding client relationships across the Middle East will help strengthen our presence in the region, and will allow him to focus on several key markets."
F&C have named Stephen van IJzendoorn as senior portfolio manager for its Amsterdam-based Euro Government Bonds team.
Van IJzendoorn joins from F&C Allianz Global Investors where he was a senior portfolio manager. He will report to Michiel de Bruin, head of Euro government bonds, whose team has over €23bn ($31.8bn) assets under management in European government bonds as of June 30.
The California Public Employees' Retirement System (CalPERS) named Mary Ann Burford as principal to board president Rob Feckner.
Burford joined CalPERS in 1992 and has held a variety of positions in several different divisions since then. Most recently, she held a senior management position in the CalPERS Customer Service Division (CSOD).
Burford will make policy assessments and recommendations on pension, health care and investment issues. She will also serve as the board president's liaison to stakeholder groups and will be responsible for assessing out-of-state and out-of-country travel invitations to board members.
Cora Gibbons has joined Natixis Global Associates (NGA), the distribution arm of Natixis Global Asset Management (NGAM) as head of international product group.
Gibbons joins NGA from Allianz Global Investors, where she was head of product sales support in Frankfurt, Germany.
She will report to Fabrice Chemouny, executive vice president and head of international marketing and strategy.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.