MFS Investment Management Appoints Alison O’Neill as CIO
O’Neill is scheduled to take the new role January 1, 2025.
Corporate Moves
Saudi Arabia Transfers 8% of Aramco to Wealth Fund
The capital infusion into the sovereign wealth pool is meant to aid the kingdom’s bid to diversify its economy.
Exelon CIO Doug Brown to Retire, Hart to Replace Him
Brown joined from Chrysler as investment chief in late 2009.
Prudential’s Asset Management Unit Names HSBC’s Vis Nayar CIO
Nayar leaves HSBC after more than 25 years at the company.
Blackstone Hires Thomas Nides for New Vice Chairman Role
The former Morgan Stanley vice chairman, deputy secretary of state and ambassador to Israel will lead the firm’s client relations.
Crossmark CEO, President Mike Kern Steps Down; CIO Bob Doll Named Successor
Doll will take on three top roles at the faith-based investment firm.
Asset Management, Consulting Firms Make Leadership Changes for 2024
Voya IM names new CEO; Goldman adds head of retirement role for asset, wealth group.
3M to Freeze Nonunion Pension Plans in 2028
The company is focused on ‘providing employees with more flexibility and control’ by moving to the 401(k) structure.
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
T. Rowe Price Promotes Eric Veiel to Head of Global Investments
The current head of global equity will take over the role for CEO Rob Sharps at the start of the new year.
Wilshire Completes Acquisition of Lyxor Asset Management
The U.S. arm of the French asset management firm will spur Wilshire’s growth in ‘key area’ of alternatives.
Mercer to Acquire Vanguard OCIO Business
Vanguard Institutional Advisory Services, its employees and clients will become part of Mercer next year.
MainePERS Begins Search for Deputy CIO
The $18.6 billion system hired a search firm to fill the role left by Zack McGuire’s June departure.
Marco Pirondini Appointed CIO at Amundi US
The appointment to this role and as executive vice president is effective January 1.
Pernille Jessen Appointed as CIO of Denmark’s AP Pension Fund
The investment chief was hired from AkademikerPension, where she was co-CIO.