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Edward 'Ned' Johnson, Chairman of Fidelity Investments, the largest manager of money market funds, announced his retirement, according to The Boston Globe." Johnson pioneered the use of check-writing for money funds.

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Mary Jo White announced plans to step down as Chair of the Securities & Exchange Commission.

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Peter Schenck is a new Senior Vice President & Senior Liquidity Specialist at Northern Trust Asset Management. He was previously with BlackRock.

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Jason Caruso, formerly with Credit Suisse, is now an Executive Director with Natixis.

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Maura Walsh is now Portfolio Manager of the new Fidelity Inv MM Prime Reserves.

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Money fund industry veteran Steve Everett is no longer with Northern Trust Asset Management.

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As we mentioned in our June 8 News, "3 Money Fund Giants Retiring," Rich Hoerner, BlackRock's Co-‚ÄčHead of Global Cash Management, will be retiring at the end of the year. We wish Rich well!

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Chief Fixed Income Officer Mike Fields retired from American Beacon Advisors. He was a founding member and PM of American Beacon's Money Market Funds. We wish Mike well in retirement!

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