December 20, 2004
Investment Company Inst. Names Ahearn to PR Post, Reid as Chief Economist
The Investment Company Institute has hired F. Gregory Ahearn as chief public communications officer. In his new post, Ahearn is charged with handling all of the Institute's media and public relations, as well as public policy writing and editorial duties. He reports to ICI President Paul Schott Stevens.
Ahearn most recently worked at Jennison Associates as vice president of marketing and communications. Before that, he was senior vice president for external affairs at State Street Corp. Ahearn is also chairman of the World Affairs Council of Boston.
Meanwhile, the ICI has promoted Brian Reid to chief economist, succeeding John Rea, who is retiring at the end of the year after 10 years of service.
Reid joined the ICI in 1996 and most recently had served as its assistant vice president and deputy chief economist. In his new role, he will be responsible for heading up the ICI's research department, which handles all statistical collection and analysis of the fund industry. As a member of senior management and, like Ahearn, also reporting directly to Stevens, Reid will assist in crafting positions on policy matters that affect mutual funds and their investors.
"Promoting Brian Reid to chief economist recognizes the depth and accomplishments of our research team. Brian will be a leader on the Institute staff and a strong voice for the industry's research efforts," Stevens said.
Northern Trust Establishes Wealth Management Group
Northern Trust Co. has rolled out a wealth advisory group aimed at serving clients with more than $25 million in assets. To staff its new wing, the firm has promoted Alan W. Robertson from senior vice president to managing director, a new position in which he will report to William L. Robertson, Northern Trust's president of personal financial services.
Oppenheimer Shuffles Lineup of Fund Skippers
OppenheimerFunds, which already advises the Oppenheimer Quest Opportunity Value Funds, will now claim portfolio management responsibilities for the funds. Oppenheimer's boards of trustees and directors decided to make the change.
Chris Leavy, senior vice president and director of Oppenheimer's value equity team, will serve as the portfolio manager for the Oppenheimer Quest Value Fund. Dominick Freud, also a vice president, will manage the Oppenheimer Quest International Value Fund, while a third vice president, Emmanuel Ferreira, will take over the Oppenheimer Quest Opportunity Fund. All three already manage other funds at the fund complex.
Kasina Chief Executive Named to NICSA Board
Kasina Chief Executive Officer Steven Miyao is now a member of the National Investment Company Service Association's board of directors. NICSA, a not-for-profit trade association that educates the operational departments of investment industry firms all across the world, counts 400 members across the United States, Asia and Europe. "Kasina is an established leader in providing strategic counsel to the asset management industry," said Barbara Weidlich, president of the association. "We are delighted to add Steven Miyao to our board, where his experience will be of great benefit as we work to meet the educational and informational needs of our members.
Miyao had already been co-chairman of NICSA's technology committee, a post from which he helped organize and run NICSA's annual technology forum.