Dennis White Takes Over Massive Chicago Pension Fund (and More People on the Move)

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Dennis White Replaces Jim Mohler at $3.8 billion pension fund.

The Chicago Municipal Employees’ Annuity & Benefit Fund has appointed Dennis White as the new executive director of the $3.8 billion fund. White will replace Jim Mohler, who recently left the fund to take over the $1.3 billion Chicago Metropolitan Water Reclamation District Retirement Fund.

Now, here are more people on the move for September 30, 2019.

  • Houston-based real estate fund Hines has promoted David Steinbach and Chris Hughes to the roles of co-heads of investment management. The two will oversee about $124 billion in assets. The appointments come due to rising demand from investors CalPERS, Abu Dhabi Investment Authority, the National Pension Service of Korea, and Ivanhoe Cambridge.
  • Aberdeen Standard Investments appointed two individuals to build the firm’s Environmental, Social and Governance (ESG) investment offerings. The firm has appointed Danielle Welsh-Rose as its new investment director for the Asia Pacific region. It also tapped Petra Daroczi as a new investment analyst for ESG and fixed income. Welsh-Rose has more than 17 years’ experience in ESG leadership roles. She will report Euan Stirling,
  • Meanwhile, UBS Asset Management is shaking up its European property division. The firm has hired a new CIO in Jonathan Hollick, according to a company press release from Monda.  Hollick was previously a senior manager in the company’s UK property business. He is also a manager of the firm’s flagship Triton property fund, which has an AUM of £930 million.
  • Mahir Zaimoglu had departed the role of head of private equity M&A for EMEA JPMorgan. Now, after a gardening leave, Zaimoglu has secured a role at Goldman Sachs as a managing director of the financial sponsors M&A group. In other Goldman news, partner Arun Dhar has left the firm. Further, Dhar became a partner just last year.

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