New Jersey Manufacturers Insurance, West Trenton, N.J., decided to offer three new Vanguard Funds as options in its $100 million defined contribution plan, said Stanford Stevenson, CFO. Participants will be able to select Vanguard Windsor II, Total Stock Fund and Index 500 fund, beginning in January. The plan already offers internally managed GICs and the Bankers Trust Capital Value Fund.
Maarten Nederlof, former vice president at Capital Market Risk Advisors, will head the equity derivatives pension group at Deutsche Morgan Grenfell. He was named managing director and head of sales, research and new product development for pensions, endowments and foundations, a new position.
Sarah Orsay, was promoted to director from vice president in the same unit.
Leslie Rahl, principal for CMRA, said they are talking to potential replacements for Mr. Nederlof, but no decisions have been made.