Short Takes: Legend Group Hires 2 to Recruit Sales Reps

Legend Group, a leading manager of public sector retirement plans, is going on a recruiting binge to drum up more business.

The West Palm Beach, Fla.-based company hired two executive recruiters this month. James M. Rankin, a regional vice president, is responsible for finding and hiring sales representatives for Legend in Texas. P.J. Million, also a regional vice president, does the same for the company in Oregon and Washington.

Legend Group has been aggressively forging alliances with banks over the past 18 months. It has teamed up with First Union Corp. and BankAmerica Corp. to market retirement plans to schools, universities, and nonprofit organizations.

The company also hired John Balevic, a senior vice president, who will be in charge of pushing sales through Legend's bank and broker-dealer relationships. Mr. Balevic is a former Chase Manhattan Corp. mutual fund executive.

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