HIRINGS
Premark International, Deerfield, Ill., hired Putnam to manage $13.5 million in international equity for its defined benefit plan. DeMarche Associates assisted.
The plan has $288 million in assets, according to the Money Market Directory. No other information was available.
Nine West Group Inc., New York, appointed The Bank of New York trustee of its $55 million defined benefit plan, replacing Smith Barney Salomon. Thimio Sotos, Nine West assistant treasurer, said the appointment was part of an overhaul of pension assets that were only $5 million until two years ago, when the company acquired a division of U.S. Shoe. The acquisition brought with it $50 million in pension assets.
General Shale Products, Johnston City, Tenn., hired T. Rowe Price as a bundled provider for its $16.5 million 401(k) plan.
The number of options will increase to seven from four. Previously, Wachovia was trustee and record keeper. Dodge & Cox, SunTrust, Ivy and Ameristar were fund providers. Oxford assisted.
United Alloys, Los Angeles, selected American Century Investments as bundled provider for its $3 million 401(k) plan. American Century will provide record keeping, administration, 10 American Century investment funds and a self-directed brokerage option through Charles Schwab.
Union Bank of California was the previous record keeper. A fund spokeswoman declined to discuss the previous investment funds.
New Mexico Public Employees Retirement Association, Santa Fe, hired State Street Bank as a securities lending agent to replace SBC Warburg. State Street will take over in March, said Robert Gish, director of investments. The fund's entire $5.8 billion fund is lendable. Wilshire assisted.
