PG&E Corp., San Francisco, hired TimesSquare to replace Fiduciary Trust as an active domestic small-cap growth equity manager. The $8.2 billion plan made the switch because of personnel turnover at Fiduciary, said Peter Corippo, manager, investments and benefits finance. He would not provide the portfolio’s size, but said TimesSquare will manage all of the assets Fiduciary had handled.
Frank Russell assisted.
