Cadbury Schweppes Pension Trust Co. Ltd., Bournville, England, has hired Northern Trust Co. as global custodian for its L1.01 billion (U.S.$1.65 billion) pension fund. Custody previously was provided by the fund's money managers. Watson Wyatt Worldwide was the consultant.
Joe Osborne has been promoted to executive vice president of The Variable Annuity Life Insurance Co., Houston.
Mr. Osborne was senior vice president of marketing for VALIC. In addition to his promotion, he will remain president of Variable Annuity Marketing Co. and VALIC Investment Services Co. As executive vice president, he will manage sales, field administration, institutional marketing, market planning development, sales promotion, and the Center for Retirement Education.
Charles Robinson has been promoted to senior vice president for the institutional marketing division. Mr. Robinson will continue to work as an associate to Mr. Osborne
