HIRINGS
The $11.38 billion Pacific Telesis Group defined benefit fund, San Francisco, hired Boston Safe Deposit, a Mellon Trust unit, as its master trustee, master custodian and global custodian, said Jerry Koch, director-investment administration. Boston Safe replaces Northern Trust as master trustee and master custodian, and Bank of America as global custodian.
Wiltron Co., Morgan Hill, Calif., hired Union Bank as master trustee for its $20 million in retirement assets, replacing Bank of the West Trust & Financial Services, according to Mark Evans, treasurer.
