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ALFRED C. ECKERT III JOINS PRIMERICAAS HEAD OF PRINCIPAL INVESTMENT FUND ACTIVITIES

 NEW YORK, Dec. 14 /PRNewswire/ -- Alfred C. Eckert III has joined Primerica Corporation (NYSE: PA) as President of a newly formed unit, Greenwich Street Capital Partners Inc., which will engage in principal investing activities.
 In making the announcement, Sanford I. Weill, Primerica's Chairman and Chief Executive Officer, said that the unit will report to Robert F. Greenhill, Chairman and Chief Executive Officer of Primerica's Smith Barney Shearson subsidiary.
 Mr. Greenhill said Greenwich Street Capital Partners would engage in direct equity investing, bridge financing and growth capital investing. "This principal investment activity complements our capabilities and is a critical part of our vision in making Smith Barney Shearson the world's finest investment firm," he said.
 Mr. Eckert, 45, will remain a partner of Greycliff Partners, which he co-founded. Prior to forming Greycliff, he was a partner at Goldman, Sachs & Co., where he spent 18 years. During his tenure there, he founded the Leveraged Buyout Department, and was Co-Head of the firm's Corporate Finance and Merchant Banking Departments and Chairman of the Commitments and Credit Committees.
 Mr. Weill said, "We are delighted to have a person of Fred's caliber, whose talent will enable us to build a first quality capability in this area. This further evidences our commitment to continue strengthening our management team and maximizing the resources brought to bear on building our companies."
 Primerica Corporation is a diversified financial services company with assets of $48 billion. Primerica is engaged in investment, insurance and consumer finance services.
 -0- 12/14/93
 /CONTACT: Mary McDermott, 212-891-8870, or Bob Connor, 212-698-3123, both for Primerica/
 (PA)


CO: Primerica Corporation ST: New York IN: FIN SU: PER

SH -- NY045 -- 3634 12/14/93 11:56 EST
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Publication:PR Newswire
Date:Dec 14, 1993
Words:281
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