Stephanie Quan, who worked with the money fund team at Morgan Stanley Investment Management, passed away recently. Our deepest condolences go out to her family and to her colleagues at MSIM.
Kim Miller is leaving Fidelity to pursue other opportunities. Rob Galusza and Rob Chan have taken over as co-portfolio managers of Fidelity Conservative Income Bond Fund.
BNY Mellon Capital Markets seeks a sales person for its money markets business to cover short term investors. Contact Sarah Swammy for details. BNY Mellon Capital Markets also recently hired money market veteran Randy Harrison, who was formerly at Citi.
Mark Barber will be retiring after 27 years at General Electric and nearly 40 years in the corporate treasury arena. We thank Mark for his extensive contributions in the money markets and wish him well!
Mark Cabana has replaced Brian Smedley as Bank of American Merrill Lynch's Head of US Rates Strategy. Smedley moved to Guggenheim Partners.
State Street's Fund Connect online money fund trading portal is hiring an Internal Sales Representative. E-mail Eric Wolf for details.
Invesco has hired Brian Mitchell as new Director Product Management for its Global Liquidity funds.
Susan Hindle Barone will be leaving as Secretary General of the London-based Institutional Money Market Funds Association. IMMFA is a trade association representing money funds in Europe.
Cachematrix hired Michel Tram as Head of Product Solutions. Tram reports to Ryan Kipp.
Lynn Evans, formerly of BlackRock, is now a Managing Director at J.P. Morgan Asset Management.
Tim Schiltz is leaving Ameriprise for Charles Schwab Investment Management. Schiltz will relocate from Minneapolis to Denver and will be a Director in Schwab's money market product group reporting to Andrew Tong.
Joel Friedman is taking early retirement and leaving Standard & Poor's Fund Ratings. Peter Rizzo has returned to S&P's Fund Ratings group.
UBS Global Asset Management is seeking a Senior Product Manager focused on retail & institutional money market funds and a Senior Liquidity Sales Professional focused on selling money market, short duration and other fixed income products. For more information please contact Cathy DiBona.
Vanessa Van Brunt has joined BlackRock's Cash Management team as Head of Sales for Prime Brokerage & Alternatives. She reports to MD Brian O'Donnell.
Long-time money market industry veteran Chris Walsh is no longer with Bank of America Merrill Lynch. Details were not available about his departure, but Asset-Backed Alert mentioned the move in the brief article, "BofA Move Enrages Buysiders in Beantown."
RBC Global Asset Management (RBC GAM) hired John C. Donohue as Managing Director and Head of Liquidity Management. Donohue was previously with Eaton Vance, Dwight Asset Management and Lehman Brothers Asset Management-Neuberger Berman.
The Securities & Exchange Commission named David Grim Acting Director of the Division of Investment Management, replacing Norm Champ who retired in January.
James Morris retired from Bank of Tokyo Mitsubishi UFJ.
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.