Guardian Names Private-Equity Head

Published May 18, 2007, 1:00 a.m. EDT

Updated May 17, 2007, 8:13 p.m. EDT

1 Min Read

Guardian Life Insurance Co. of New York has hired David Turner to run its new private-equity investment group.

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Mr. Turner had been a general partner and the chief executive and chief investment officer for WestLB Mellon Asset Management's private-equity group. Previously he was a senior portfolio manager and head of the alternative investment division for the state of Michigan's retirement systems.

Guardian, which announced the hiring Wednesday, ended 2006 with $39.5 billion of assets under management.

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