Lufkin Industries Inc., Lufkin, Texas, hired Zak Capital to run a midcap U.S. equity portfolio of about $20 million, replacing Investment Advisers. Zak Capital is the startup opened last month by former IAI portfolio manager Suzanne Zak. Watson Wyatt assisted.
America's Favorite Chicken Co., Atlanta, retained American Express Institutional Services as bundled service provider for its $11 million savings 401(k) plan. American Express replaces NationsBank as 401(k) service provider