SWFI – Movers and Shakers – July 14, 2017

Jerry Albright Takes CIO Helm at TRS

Jerry Albright, the Deputy CIO of the Teacher’s Retirement System of Texas (TRS), was promoted to CIO following the departure of Britt Harris to UTIMCO.

Fidelity Investments to Layoff Hundreds, Rejigs

Fidelity Investments boasts more than 44,000 employees. The money manager is laying off hundreds of employees (news broke on July 11, 2017), which is less than 1% of its total workforce. The number was fewer than 435 employees, according to various media sources in Massachusetts.

Howard Margolis Joins Clarion Partners

Howard Margolis was named Head of Product Development for Clarion Partners. This is a new position Previously, he was a Principal at BIP Investments.

Vanguard Names CIO as CEO Successor

Vanguard Group has chosen a successor to run the organization. Vanguard Group selected Tim Buckley to succeed Bill McNabb as CEO, effective January 1, 2018. He will be Vanguard’s fourth CEO since its formation in 1975. Buckley will also be President and a Director at Vanguard. Buckley is currently Chief Investment Officer at Vanguard. Taking Buckley’s spot as CIO is Greg Davis, the money manager’s global head of fixed income. McNabb will remain as Chairman of Vanguard.

Artisan Partners Hires Marc Peterzens

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