Allen Hoppe and Mercy Ndungu are leaving the Minneapolis-based Metropolitan Council, and moving to SBI and Washington's Metro (WMATA), respectively. Jim Chang remains a Treasury Analyst there, but the Council is seeking an Analyst and Senior Manager.
John Donohue, the current head of Global Liquidity Management, was also named CEO of Investment Management Americas at J.P. Morgan Asset Management, effective Feb. 1, reports Pensions & Investments. Donohue will remain head of liquidity management and replaces Catherine Keating, who left to be CEO of Commonfund.
Attorney David Geffen has joined Ropes & Gray LLP. Geffen was formerly with Dechert and co-authored the paper, "The Systemic Risk of Money Market Funds: Another Approach."
Fidelity Investment's Bob Litterst, long-time Portfolio Manager of Fidelity Cash Reserves, the industry's largest fund, and Money Market CIO, will be retiring at year-end. Tim Huyck will take over as Money Market CIO.
John Bennie, formerly with ICD, is now Head of Liquidity Solutions at Mint Partners, which is affiliated with brokerage BGC Partners.
We learned from U.K. website InvestmentWeek that European and IMMFA money fund veteran Chris Oulton recently passed away at the age of 55. Oulton was previously with Investec, Insight and Prime Rate Capital Management and was instrumental in the formation of IMMFA and the money fund industry in Europe. Our deepest condolences go out to his family, friends and associates. He will be missed.
Bill Lista, Jeff Palermo, Jim Powers, Ed Rovegno, and Garrett Roberts have joined Guggenheim Securities "to bolster its money-market and other short-duration sales and trading business." They all previously worked at Barclays (except Powers, who was at CS), and will report to Senior MD & Head of Rates Robert Boyd.Archives »