WAMCO Appoints New CEO After Former CIO Charged With Fraud
Thomas Gahan will step up at Western Asset Management Co., effective immediately, while James Hirschman moves up to chairman.
Newsmakers
HOOPP Names Annesley Wallace President, CEO
The appointment of Wallace to head the $80 billion Ontario health care pension is effective April 1.
Sargent McGowan Named CIO for Endowments and Foundations at Brown Advisory
McGowan was previously managing director and acting CIO of UVIMCO.
What Scott Bessent’s Appointment Means for Institutional Investors
The fund manager and former Soros CIO, set to be nominated as secretary of the treasury, has stated his intent to spur growth through deregulation and energy production.
WAMCO CIO Charged With Fraud
Ken Leech was hit with fraud charges by the SEC for allegedly favoring some client portfolios over others in a scheme by which he profited.
NBIM Boss Nicolai Tangen Will Seek Another 5-Year Term
Tangen has run the management company overseeing the $1.7 trillion sovereign wealth fund since 2020.
SEC Chair Gensler to Step Down January 20
After a 'robust rulemaking agenda,' Gensler's departure will coincide with President-elect Trump's inauguration.
Alberta Names Former Prime Minister Stephen Harper as AIMCo Board Chair
The Alberta government sacked the board and top executives of the fund earlier this month over cost concerns.
CDPQ Names Sharon White as Head of Europe
The appointment of the former John Lewis chair and Ofcom CEO is effective January 27, 2025.
Northern Trust Seeks Head of OCIO Business
The new position will oversee the unit’s $112 billion in assets under management.
NBIM Real Assets CIO Mie Caroline Holstad to Depart
The departure comes as the fund consolidates its real assets and equities business units.
Versatility in a Time of Change
A new CIO award recognizes collaboration, innovation and leadership in an evolving industry.
STRS Ohio Names Interim Executive Director
Aaron F. Hood has been named to the role amid ongoing turmoil at the pension fund.
Northern Trust Asset Management Names Peter Wilke Head of Tactical Asset Allocation
Wilke takes on the newly created role after almost 10 years at Wellington Management.
UK Chancellor Plans Britain’s Biggest Pension Reforms in Decades
Chancellor of the Exchequer Rachel Reeves proposed the consolidation of more than 80 local government defined contribution funds into pension ‘mega-funds’ in pursuit of Canadian- and Australian-style pension investing.