St. Louis Pension Trustee Removed for Online Posts, Fraud Accusations
Former police sergeant made claims in Facebook posts that COVID-19 didn’t cause disabilities.
Corporate Moves
CalPERS Won’t Hire a New CIO Until Next Year
The pension fund’s prior CIO, Ben Meng, resigned last August, but still no replacement is in sight. A new search, after the first one failed, is only just beginning.
Doris Duke Charitable Foundation CIO Jeffrey Heil to Retire
Deputy CIO Leena Bhutta will take over for Heil on Jan. 1, 2022.
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Wells Fargo A.M. Taps Joseph Sullivan for CEO Amid Rebranding
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
AustralianSuper CEO Ian Silk to Step Down
Chief Risk Officer Paul Schroder has been tapped as Silk’s successor
CIO Summer Hiring Continues to Sizzle
Sammons Financial, Aspen Insurance, and Insigneo are the latest firms to appoint new CIOs.
Kentucky Pension Systems Name New CEOs
John Chilton and Ed Owens III will helm KRS and CERS, respectively.
Chicago Teachers’ Pension Fund Names Carlton Lenoir Sr. Executive Director
He leaves the Illinois Teachers’ Retirement System to replace Charles Burbridge, who departed last year.
TJ Carlson Hired as Missouri State Employees’ Retirement System’s New CIO
He will replace Shannon Davidson, who will retire in November after 25 years at MOSERS.
Canadian Universities Launch Jointly Sponsored Pension Plan
The University Pension Plan unites 35,000 members and five pensions into one plan with assets of C$10.5 billion.
BMO, Kestra, Putnam, Breckinridge Tap New CIOS
The new hires add to a recent flurry of investment chiefs joining or leaving institutional investors.
Australia’s Hostplus, Statewide Super to Explore Potential Merger
If approved by trustees, the resulting allocator would manage more than A$77 billion in retirement assets.
Citigroup Launches Digital Asset Unit
Digital Assets Group will be co-led by Alex Kriete and Greg Girasole.