June 30, 2003   

Lehman Brothers

Lehman Brothers announced that Alan Marantz will take over as global head of private client services, assuming the role from Charles Johnston, who is still with the firm. Marantz was formerly the firm’s global head of fixed income sales.

[Fund Fire, June 27]

American Express

Jim Cracchiolo, CEO of American Express Financial Advisors and chairman of American Express Bank, will relinquish his responsibility for the firm’s international credit card business to focus on building up the firm’s U.S. and global mutual fund and asset management business.

[Ignites, June 26]

TIAA-CREF

George Madison has been tapped as the new general counsel and executive vice president at TIAA-CREF. Madison, who most recently was general counsel at Comerica Bank, replaces Charles Stamm, who retired earlier this year.

[Ignites, June 26]

Bear Stearns

Bear Stearns Asset Management selected Richard Marin as the firm’s new chairman and CEO. In 1999, Marin was head of Deutsche Asset Management, but left to run a venture capital fund, Beehive Ventures.

[Fund Fire, June 25]

Citigroup Asset Management

Citigroup Asset Management announced that Steven Bleiberg has joined the firm as managing director and head of global investment strategy. Bleiberg formerly chaired the global equity strategy group at Credit Suisse Asset Management from 1999 to 2003.

[Fund Fire, June 24]

GE Asset Management

GE Asset Management announced that Gene Bolton, who has been with the firm for nearly forty years, is retiring. Bolton has headed up the firm’s U.S. Equity division for the last twelve years. David Carlson will take over as head permanently after Bolton officially steps down in February.

[Fund Action, June 23]

Ivy Funds

Brad Ross resigned as national sales manager at ING Funds to accept the same position at Ivy Funds. The newly created position at Ivy Funds will report to Tom Butch.

[Fund Marketing Alert, June 22]