Bill Lee was named vice president, pensions & investments at Kaiser Permanente, Oakland, Calif. He took over from Janice Murphy, who was named vice president of risk management, a new position. Mr. Lee will oversee the investment of the organization's $6.5 billion in defined benefit assets, $4.5 billion in defined contribution assets and $10 billion in foundation assets. He has no current plans to change how those assets are invested. Mr. Lee was assistant vice president and director-employee benefit investments & pensions at Levi Strauss & Co., San Francisco, which this summer chose to outsource its $550 million defined benefit plan to Russell Investment Group, according to Mr. Lee. Officials from Levi Strauss and Russell didn't respond to requests for comment. Kelly Hicks, who was senior investment manager at Levi Strauss, joined Callan Associates as vice president, hedge fund research, a new position.