Deals and People

SHIFTING SALES – Delaware, Nationwide, GE Make Moves

August 21, 2000 ( - A series of promotions and new hires could be putting a new "spin" on provider sales pitches to institutional buyers in the future, as Delaware, Nationwide and GE Asset Management all announced key sales-related moves today.

FLEET-FOOTED – FleetBoston Consolidates Asset Management Group

August 3, 2000 ( - FleetBoston Financial has named Keith Banks as Chief Investment Officer and Chief Executive Officer of the newly formed Fleet Asset Management, which combines Fleet Investment Advisors, Columbia Management Company, Large Institutional Sales, Galaxy Funds and Retirement Plan Services.

Institutional Money Management Legend Tony Gray Retires

June 2, 2000 ( - After more than three decades, an institutional money management legend, SunTrust's Anthony (Tony) Gray has announced a surprise decision to retire at the end of July. The move precedes a planned integration of investment management subsidiaries at SunTrust.

CalPERS Names Daniel Szente New CIO

May 25, 2000 ( - CalPERS Thursday announced that Daniel Szente will become its new Chief Investment Officer, replacing Sheryl Pressler, who left for the private sector in January.

State Street Names Spina CEO, Logue COO

May 18, 2000 - ( - State Street Chairman and CEO Marshall N. Carter, 60, today announced his plans to retire on January 1, 2001. Carter will remain chairman until his retirement, but current president David A. Spina, 57, will become CEO effective immediately, assuming the post of chairman upon Carter's retirement.

Boeing CFO Moves to Lucent

April 24, 2000 ( - Lucent Technologies announced Monday that Deborah Hopkins, chief financial officer at Boeing, will become its CFO, effective immediately. Hopkins will be responsible for executive management and oversight of all of Lucent's financial operations.

CalSTRS Loses Investment Chief To Private Sector

April 13, 2000 ( - Patrick Mitchell, chief investment officer of the California State Teachers' Retirement System, has resigned effective July 15 to pursue other career interests. It's the second CIO defection from the California public fund system this year.