Union College, Schenectady, N.Y., hired State Street Bank to replace...

Union College, Schenectady, N.Y., hired State Street Bank to replace Fiduciary Trust as its custodian and hired PIMCO to replace Fiduciary as an active domestic fixed-income manager, said Mary Kabalin, financial analyst for the $245 million endowment. Joesph Cajigal, senior vice president for Fiduciary, did not return phone calls by press time. PIMCO will run $55 million previously managed by Fiduciary. The searches were done in-house.