Veritas Asset Management – Ian Barnes, former head of UBS Asset Management for Ireland and the UK, has been appointed to the newly created position of chief executive of £12bn (€14bn) Veritas Asset Management. He will join in early 2017, becoming part of the managing partners board that already comprises Charles Richardson, Andy Headley, Ezra Sun and Richard Grant. Barnes had been head of asset management at UBS for UK and Ireland since 2012. Before that, he was at Russell Investments, where his initial role as senior investment consultant evolved into a focus on fiduciary management. Veritas Asset Management became a distinct limited liability partnership as part of a corporate reorganisation in 2012.Willis Towers Watson (WTW) – Alfred Gohdes, chief actuary for pensions consulting for the consultancy’s German business, will be retiring from WTW at the end of February 2017. A well-known figure in the industry, Gohdes has been at WTW and its predecessors for about 35 years. Actuarial Association of Europe (AAE) – Kristoffer Bork has been elected chairman of the AAE for the year to September 2017. A Danish national, Bork was president of the Danish actuarial association, Den Danske Aktuarforening, from 2010 to 2016. Bork succeeds Philip Shier, who became the actuarial manager of the Society of Actuaries in Ireland after retiring from Aon Hewitt. Thomas Béhar was elected AAE vice-chair for the coming year. From France, Béhar is group chief actuary at insurer CNP Assurances. BlackRock – Alexandra Haggard joined as head of consultant relations for the EMEA. She is the former chief executive at Stamford and before that was a managing director at Russell Investments. She will manage BlackRock’s 30-strong EMEA consultant relations team. Haggard is also chair of the CFA UK Steering Committee 2017 Ethical Leadership Programme and a Steering Committee member of the CFA Diversity Project.Greater Manchester Pension Fund – Sandra Stewart has taken over from Peter Morris as executive director of pensions following the latter’s retirement. Stewart has been solicitor to the £17bn (€21bn) local authority fund for more than 15 years, and added the role of director of pensions to her role as executive director in charge of governance and resources. Morris retired after 40 years in local government in the UK. The changes were effective in May. Alternative Investment Management Association (AIMA) – Simon Lorne is taking over as chairman of the trade body, replacing former SEC commissioner Kathleen Casey. Lorne is vice-chairman and chief legal officer at Millennium Management. Lorne is a member of the new council, AIMA’s global board of directors, which also counts four new members: Robyn Grew, chief administrative officer and general counsel at Man Group; Han Ming Ho, partner at Sidley Austin; Ryan Taylor, partner and global head of compliance at Brevan Howard Asset Management; and Michael Weinberg, senior managing director and chief investment strategist at Protégé Partners.UK Pension Protection Fund (PPF) – The UK lifeboat fund’s operational due diligence manager, Kevin Eastwood, has been granted chartered status by the US Investment Management Due Diligence Association (IMDDA). He is said to be the first person outside the US to have done so. The IMDDA is the US professional body for individuals and companies that are tasked with due diligence in the investment management industry. Société Générale Securities Services – Massimiliano Notarianni has been appointed global head of sub-custody network management. Mathilde Guérin, whom he replaced, has become deputy head of product engineering. Notarianni was previously head of provider monitoring and change. Both are based in Paris. Russell Investments, Principal Global Investors, Liongate Capital Management, Cardano, Mercer, Veritas Asset Management, UBS Asset Management, Willis Towers Watson, Actuarial Association of Europe, BlackRock, Stamford, Greater Manchester Pension Fund, AIMA, Pension Protection Fund, Société Générale Securities ServicesRussell Investments – Pascal Duval, chief executive for the EMEA region, has resigned from the asset manager after two decades of service. A successor has not yet been appointed. Duval’s move comes after Russell Investments was sold to private equity firm TA Associates last year. Duval said: “Now that we have come through a period of ownership uncertainty and the firm is entering into a new and exciting phase of its evolution, the time is right for me to start a new personal chapter.” Principal Global Investors – Tim Stumpff has been appointed chief executive, replacing Nick Lyster, who has been appointed to the newly created role of global head of wealth advisory services. Stumpff joined Principal Financial Group in 200, and has most recently served as president of Liongate Capital Management. Lyster, who served as chief executive from 2006 to 2016, will be responsible for delivering Principal’s investment capabilities to global wealth management firms, with a focus on the Dublin-domiciled UCITS range of funds.Cardano – Pim van Diepen will join Cardano as director of business development as of 1 November 2016. He joins from Mercer, where he worked for 12 years, including as head of the ALM Netherlands team and was business leader of Mercer Retirement in the Netherlands. Van Diepen is a member of the Dutch Actuarial Association, participating in the risk management networking group.
An amusing story in Sports Illustrated listed what several sports commentators said on air that got them suspended. Bill Simmons was suspended three weeks for criticizing Roger Goodell on the air. Max Bretos received 30 days suspension for the remark “chink in the armor” when he was referring to Jeremy Lin’s play in the NBA. Tony Kornheiser was suspended 2 weeks for his remarks on Hannah Storm’s wardrobe. Teddy Atlas was suspended 2 weeks for arguing with his program director. Keith Oldermann received 2 months for calling Bristol, Connecticut, a god-forsaken place, and Dan LeBatard had to sit out 2 days for renting a billboard mocking LeBron James.I once had to write a letter of apology for saying a certain basketball player took a bad shot in a game that I was broadcasting. I believe when a 6’5″ center shoots a 3-pointer with less than 10 seconds in the game with his team leading by two points was still a bad shot. However, I still wrote the letter of apology. My advice is, “watch what you say when you are on radio or TV”. You may not mean it exactly like it sounds.
Larry Elder, 81, of Dillsboro passed away Sunday, May 12, 2019 at Ripley Crossing in Milan. Larry was born Tuesday, August 17, 1937 in Ohio County, the son of William and Maude (Holbert) Elder. He married ViVian Thayer October 17, 1958 and she survives. Larry was the owner/operator of Elder service and garage for 60 years and was an auto mechanic. He worked at I & M, was a Dillsboro firefighter for 18 years and a member of the Civic Club. He liked to fly his own planes, enjoyed playing horseshoes, skiing, roller skating and riding motorcycles. He loved his family dearly, especially his grandchildren.Larry is survived by wife ViVian; sons: Keith (Renee) Elder of Rising Sun, Kevin (Denise) Elder of Dillsboro and Kendal (Jeremy) Elder of Indian Springs, CA; daughter Kelly (Steve) Kelly of Aurora; brothers Vernon and William Elder Jr.; 7 grandchildren and 6 great grandchildren. He was preceded in death by his parents, 4 brothers and 5 sisters.Family and friends may gather to celebrate and remember him Sunday, June 9, 2019 from 1 – 5 PM at the Dillsboro Civic Center, 9824 Central Ave., Dillsboro, IN 47018. Memorials may be given in honor of Larry to Ripley Crossing Activity Fund or Dillsboro Fire Department. Filter-DeVries-Moore Funeral Home entrusted with arrangements, Box 146, Dillsboro, IN 47018, (812)432-5480. You may go to www.filterdevriesmoore.com to leave an online condolence message for the family.
Three USC students were robbed in separate incidents Monday night. Officials suspect the same people are behind each crime.The first robbery occurred at 9:15 p.m. on the 1100 block of 29th Street. The victim was on his cell phone when he was approached by four suspects who demanded his phone. When the victim refused, a suspect displayed a handgun, and the victim surrendered his cellphone. The suspects left promptly after.The second robbery occurred five minutes later on the 2700 block of Hoover Boulevard. This time, two suspects approached the victim and demanded his property. The victim refused, but a suspect displayed a weapon, grabbed the victim’s property and fled.The third robbery occurred at 9:35 p.m. near the 2700 block of Ellendale Place. The suspect held his weapon out and demanded the victim’s property. The victim quickly complied and the suspects fled.“All three of the victims were USC students and the robberies occurred pretty quickly,” said Dept. of Public Safety Capt. David Carlisle. “We think this is the same group passing through the neighborhood and taking advantage of the people they encounter.”DPS is currently working with the LAPD Southwest division to find the suspects.Carlisle encourages students to take reasonable precautions to prevent more incidents from occurring.“Go in a group if you’re going to be off campus after dark,” Carlisle said. “Don’t go out alone because you’re more vulnerable that way. Better yet, take Campus Cruiser or other university transportation.”Carlisle said he does not suspect the incidents to be gang-related and encourages any students who saw the robberies to contact DPS or LAPD.
“We have to take what it is,” Lakers coach Phil Jackson said. “Just re-establish ourselves, go back home and try and build some momentum again. That’s all the NBA is. It’s a roller-coaster ride between wins and losses and you just have to keep your spirits up and go back and work hard.” Jackson told his players in the locker room that they gave away Sunday’s game. It was hard to reach another conclusion after the Lakers held Cleveland to just 12 points on 4-of-25 shooting in the third quarter, then lost the fourth quarter 35-23. “Our defense pretty much caved,” Bryant said. “We gave them a lot of easy opportunities at the basket, a lot of free throws. The fourth quarter is when you really want to hold a team in and force them to hit shots, not put them at the free-throw line.” The Cavaliers went 13 of 18 from the line in the fourth quarter while the Lakers shot six free throws. They also got 46 points from their bench players – Sasha Pavlovic had 21 and Anderson Varejao 12 – compared to 15 from their Lakers counterparts. Bryant played 44 minutes in all and came back for the entire fourth quarter; James didn’t return until the 6:47 mark. Bryant hit a turnaround jumper with a hand in his face, sank a 21-footer over Pavlovic and made a reverse layup with three defenders swarming around him. Bryant scored his team’s first 14 points of the fourth quarter and out-scored LeBron James 36-18 for the afternoon. Yet the Lakers were left with a 99-90 loss Sunday to the Cleveland Cavaliers and a 3-5 trip that was far from postcard perfect. • Photo Gallery: 02/11: Lakers vs. Cavaliers CLEVELAND – If the Lakers were going to salvage something from this two-week road trip and fly home thinking about anything other than a three-game losing streak, then Kobe Bryant was going to have to carry them to the finish line. That also might have been part of the problem. Bryant made 5 of 8 shots in the fourth quarter while the rest of the Lakers went 3 of 11. “According to Kobe, nobody else wanted to step up in that sequence,” Jackson said. “That was one of the things that we were looking for was somebody else to try and get going.” If the game turned on one possession, it came with 1:26 left and the Lakers trailing 88-85. The Cavaliers double-teamed Bryant with Pavlovic and Larry Hughes, who knocked the ball out of his hands. “It was a great defensive play,” Bryant said. “He just made a great defensive play. I was looking to read some of my cutters, try to get other guys involved in that particular situation. He made a great defensive play.” Pavlovic raced ahead and scored at the other end as part of a three-point play after a soft foul by Smush Parker. The Lakers got as close as 91-87 after that but couldn’t grab a rebound after Pavlovic missed a 3-pointer and gave up a basket to Varejao. As a result, the Lakers added Sunday’s loss to the ledger from this trip. They lost five of the eight games but were thoroughly beaten only by Detroit. The other four losses were games that could have gone in the Lakers’ favor but, for one reason or another, didn’t. The Lakers were supposed to get Kwame Brown and Luke Walton back on the road but learned neither player’s sprained ankle was ready. They also started the trip on the wrong foot when Bryant was forced to serve an NBA suspension in New York. The Lakers then collapsed in the fourth quarter against Indiana. They recovered to beat Washington and Atlanta after that but trailed from start to finish against the Pistons. Two more losses followed in barely 72 hours. The Lakers erased an 11-point lead in the fourth quarter but faltered down the stretch against Toronto and then watched a one-point game with 2