Scudder, Stevens & Clark Inc., Boston, said Lorie C. O'Malley has been named director of client service for the firm's defined contribution services group.

She joins Scudder as a vice president in Boston. She will lead a team of regional retirement plan specialists who manage the relationships between Scudder and its plan sponsor clients.

Ms. O'Malley succeeds Paul Mercer, a vice president, who has been named director of plan administration for Compass, Scudder's recordkeeing system. Joseph Ferris continues to serve as vice president and director of technology for Compass.

Ms. O'Malley was formerly with Putnam Investments where she was senior vice president and director of client service for its defined contribution practice.

* KPMG Peat Marwick, Boston, said Theodore M. Shediac, formerly chairman of the board of USTrust, Boston, recently joined the international accounting and consulting firm as managing director of the New England corporate finance group.

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