Veteran Washington area banker and trust officer David G. Curry has been named to open the new Washington office of Bessemer Trust Co., a New York-based investment management company.
Curry was a senior executive specializing in regional banking, marketing and trusts with Virginia National Bank. When Virginia National merged with First and Merchant Corp. to form Sovran Financial Corp., he was appointed trust executive officer.
Bessemer's move to Washington, with Curry at the helm, represents another milestone in the company's decade-old efforts to expand into new regions and increase its services beyond what they traditionally have been.
From the turn of the century until the 1970s, Bessemer's only business was managing the family holdings of one of the great steel barons, Henry Phipps. Phipps, a partner of Andrew Carnegie in the Pittsburgh-based Carnegie Steel Co., formed Bessemer Trust in 1907 to manage the trusts created for his five children after the company was sold to J. P. Morgan to form U.S. Steel Corp.
In the early 1970s, Bessemer began to seek and accept clients unrelated to Henry Phipps. With offices in New York and Florida in addition to its original New Jersey office, the company currently manages about $3.8 billion in investments ranging from stocks and bonds to real estate and oil and gas, about one-third of which are Phipps family holdings.
Already, the company manages about $100 million in assets in the Washington area, said John R. Whitmore, the company's president and chief operating officer.
Bessemer manages the pension plan for B. F. Saul & Co., the pension and capital funds for Kiplinger Washington and the alumni fund for the U.S. Naval Academy.
Bessemer also manages the personal investments of White House Chief of Staff and former Treasury secretary Donald Regan, according to his disclosures.
Bessemer, which prides itself on serving a "select clientele" on a personalized basis, was attracted to Washington because of "the area's rapid growth, our familiarity with potential clients in the market and because we think there is a real potential for our types of services," said Whitmore.
Both Whitmore and Robert C. Elliott, Bessemer Group's senior vice president, were senior executives in the trust division of American Security Bank until 1975, providing another link to the Washington area. PROFESSIONAL SERVICES
Price Waterhouse, one of the "big eight" accounting firms, has named former IRS official Samuel E. Berger manager of employe benefits tax services in its Washington office. A former counsel for employe benefits at the Internal Revenue Service, Berger also has coordinated pension plans for various government agencies, drafted Treasury regulations and represented the IRS on Capitol Hill.
Planning Research Corp., the McLean-based engineering and professional services firm, has elected Bob O. Evans to a three-year term on its board of directors. Evans, a senior partner at Hambrecht and Quiest Inc., a leading West Coast venture capital and investment banking firm, succeeds Alan M. Voorhees, who had been a director since 1977.
Seidman & Seidman/BDO, an international accounting firm, has appointed Gregory F. Jennings partner-in-charge of its Washington office. Jennings, who is chairman of the Alexandria Industrial Development Authority, had been head of the tax department. He succeeds Harvey D. Moskowitz, who will head the firm's new New York office. BANKING, FINANCIAL SERVICES
Directors of Legg Mason Wood Walker Inc., the Baltimore-based brokerage firm, have elected James W. Brinkley president. Brinkley and Raymond A. Mason formed the Mason Co., a predecessor to Legg Mason Wood Walker, in 1962. Brinkley succeeds Mason, who will remain chairman and chief executive officer. Brinkley has supervised sales and marketing for the firm, which is a subsidiary of Legg Mason Inc.
MIW Investors of Washington, a publicly-owned real estate investment firm, has elected Stephen Hartwell and T. Eugene Smith to its board of directors, increasing membership to 14 directors. Hartwell is senior vice president and director of Johnston, Lemon & Co. Inc., a regional stock brokerage firm; while Smith is chairman of Decisions and Designs Inc., a McLean research and development firm for small businesses.
The Federal National Mortgage Association, the congressionally chartered stock corporation that provides a secondary market in home mortgage loans, has named six new senior vice presidents: Robert J. Levin, a former vice president, will remain in charge of corporate finance. Gary L. Perlin, previously vice president for risk management, will become treasurer; and David E. Roberts, formerly a vice president with Acacia Mutual Life Insurance Co., will supervise information services. In Fannie Mae's regional offices: John H. Fulford will manage operations in 11 western states out of Los Angeles; Deane W. Hall will head operations in the eight-state southwestern region out of Dallas; and John R. Hayes will run operations in 10 midwestern states out of Chicago. INSURANCE
USF&G Corp., the parent company of U.S. Fidelity and Guaranty Corp., a property and casualty insurance writer based in Baltimore, has named Fred C. Bosse assistant secretary for government and industry affairs. Bosse formerly was counsel for the mid-Atlantic region of the American Insurance Association.