Deals and People October 23, 2014

PBGC Appointment to Represent General Public

October 23, 2014 (PLANSPONSOR.com) - President Obama has appointed Donald J. Butt to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation.
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He is charged with representing the interests of the general public.

Butt serves on the Board of the Defined Contribution Institutional Investment Association, and is active with the Committee for the Investment of Employee Benefit Assets (CIEBA). Prior to his current engagements, he worked for 40 years at Qwest Communications, retiring as the vice president for operations and defined contribution plans for Qwest Asset Management Co. in 2010.

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While at Qwest he was responsible for the design, investment management, and selection of investment options in the company’s $3 billion 401(k) plan. He was also part of the senior leadership team responsible for the investment and management of $10 billion in additional employee retirement assets.

“Don’s experience in building and maintaining retirement benefits will be an important addition to the Advisory Committee,” says PBGC Acting Director Alice Maroni. “We look forward to his guidance in the days ahead.”

Butt has a Bachelor of Science degree from Metropolitan State College in Denver and an MBA from the University of Denver.
Deals and People October 23, 2014

LGIMA Expands U.S. Index Team with Two U.K. Members

October 23, 2014 (PLANSPONSOR.com) - Drew Miyawaki and Aodhagan Byrne, both members of the U.K. operations of Legal & General Investment Management America Inc. (LGIMA), have joined the U.S. division. 
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Miyawaki, head of global equity trading, will oversee equities trading and be directly responsible for execution of all North American equities. He joined LGIMA’s U.K. unit, LGIM, in December 2011 from Knight Capital, where he was director of global program trading. Prior to that, he was the head of international trading at Liquidnet, where he helped build the electronic trade offering of the global crossing network. Miyawaki started his career in 2000, when he worked in a number of trading capacities in algorithmic and program trading at the U.S. broker/dealer Jefferies. Miyawaki holds a bachelor’s degree in behavioral science from Drew University.

Byrne, an index portfolio manager, will manage North American Index strategies at LGIMA.  He joined the LGIM Index Funds team in February 2012. Previously, he spent seven years as an index fund manager with Irish Life Investment Managers, managing equity and fixed-income funds. Prior to that role, Byrne worked for five years as a software engineer with Xilinx.

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Miyawaki and Byrne will be based in Chicago and will report locally to Chad Rakvin, head of U.S. index funds for LGIMA, working alongside Shaun Murphy, director of index funds.

The U.K.-based LGIM provides index fund management services to clients in Europe and Asia, and has more than $483 billion of index funds under management as of June 30, 2014.  

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