Jacques Chappuis Appointed President, CEO of PGIM
Currently leading Morgan Stanley Investment Management, Chappuis will succeed David Hunt in May 2025.
Newsmakers
Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
The Many Ways Tech Tools Impact Investors
Panelists speaking at CIO’s Cyber Cache event discussed the technology solutions and tools they find most useful in their investment operations.
Tom Darnowski Promoted to Americas CEO at Schroders
Currently global head of product strategy, Darnowski’s appointment is effective January 1.
Mark Baumgartner appointed CEO, CIO of University of Florida Endowment
An alumnus, Baumgartner will succeed Bill Reeser, who is scheduled to retire at the end of the year.
Michael Hughes Appointed to Lead Portfolio Management at Verus
Hughes will lead investment management efforts across the firm’s OCIO business.
NYC Comptroller Lander Proposes Excluding Fossil Fuels From Future Infrastructure, Private Equity Investments
The proposal for three New York City pension funds would expand divestment to fossil fuel reserve owners and private markets infrastructure, such as pipelines and distribution terminals.
NZ Super Picks Internal Candidates as New Co-CIOs
Brad Dunstan and Will Goodwin will be promoted to share the investment chief position.
Larry Fink: Supercharge Economy Through Infrastructure, AI Investing
Speaking at SIFMA’s annual meeting, the BlackRock head suggested utilizing capital markets to grow the economy above the trend line.
Rest Super Names Interim Co-CIOs
Two senior members of the fund’s staff will share the role when current CIO Andrew Lill departs.
LSV Asset Management Sued by Former Execs Over $100M in Lost Equity
An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.
Newton Investment Management Appoints 2 Senior Leaders
Laura Curtis and Britta Hion join the investment manager in newly created roles.
Ben Riley Promoted to Head of Insurance at T. Rowe Price
Riley’s appointment to the newly created role is effective January 1.
Investors Should Understand ‘How the System Works for You,’ per CFA Institute Head Franklin
In a wide-ranging conversation, Margaret Franklin shares ‘essential principles’ and her thoughts on private markets, artificial intelligence, responsible governance and more.
Caltech Hiring for Next CIO
Scott Richland, the California Institute of Technology’s current CIO, will step down in December after 14 years managing its endowment.