Bessemer Trust Co. named a new manager of emerging growth stocks and said it has changed the $400 million portfolio's parameters.

The New York-based company, which has $12 billion of assets under management, hired Harry P. Rekas as a senior vice president to manage the portfolio, intended for wealthy clients. Mr. Rekas, who has held similar positions with AIG Global Investment Corp. and Citicorp, replaces Frederick J. "Rick" Ruvkan, who resigned earlier this month after three years.

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