Norman N. Kushin was promoted to vice president-employee benefits at World Color Press Inc., New York, making him the first officer in the position.
The promotion "shows the company places more emphasis and importance on employee benefits," a company spokesman said. He said there are no immediate changes of duties for Mr. Kushin, who was director-employee benefits.
The company has some $60 million in defined benefit assets, according to the Money Market Directory. The spokesman was unable to provide immediate information about the pension funds.
Harold F. Rossen, senior investment management consultant at Prudential Securities, Birmingham, Mich., joined Dean Witter Investment Consulting Services as senior vice president and senior consultant.
Mr. Rossen, known for his work with public pension funds, said about 80% of his clients have moved with him. He opened a Birmingham office for Dean Witter. Mr. Rossen said he left primarily because he felt bad publicity regarding Prudential was affecting his ability to bring in new business, although he was not unhappy with conditions at Prudential.
Prudential has not yet replaced Mr. Rossen.
Daniel J. Esch, formerly a vice president and member of the board of directors of Wyatt Asset Services, has opened his own consulting firm, Esch Consulting, based in Minnetonka, Minn. The firm will assist defined contribution plan sponsors with vendor search and selection, which was Mr. Esch's area of specialty at Wyatt.
Wyatt hasn't named a replacement for Mr. Esch.
Nicholas-Applegate Capital Management, San Diego, named Lawrence Speidell senior vice president and director of its global/systematic portfolio management and research group, with $6 billion under management. He replaces Robert Anslow, who left to start his own firm, and his duties have been expanded.
Mr. Speidell, previously a trustee at Batterymarch Financial Management, Boston, was replaced by portfolio manager Charles Lovejoy.
Lawrence J. Brainard joined Chase Manhattan Bank, New York, as global head of research for emerging markets, a new position.
Mr. Brainard will be responsible for building and managing a team on emerging markets and equity and bond research in those countries.
Mr. Brainard previously was co-head of emerging markets debt at Goldman, Sachs & Co., New York. Other members of the staff at Goldman, Sachs will take over Mr. Brainard's duties.
Robert M. Ohanesian, formerly senior vice president and director of fixed income at Shields Asset Management, White Plains, N.Y., is president of a newly created investment management subsidiary of municipal bond insurer MBIA Inc., Armonk, N.Y.
MBIA Securities Corp. will provide fixed-income investment management and trading services for MBIA's municipal cash management subsidiaries.
Shields, which was acquired by Alliance Capital Management and renamed Shields/Alliance, will not replace Mr. Ohanesian. Instead, the firm will use Alliance's fixed-income credit research, said John Larkin, managing director of Shields/Alliance.
Carolyn Schloss, vice president and co-portfolio manager of the Kemper International Fund in Chicago, left to join Hong Kong and Shanghai Bank in London. She will not be replaced.
