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Thursday, January 5, 1995 - Page updated at 12:00 AM

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Business Digest

Safeco Equity Fund Manager Leaves To Join Smith Barney

Seattle Times Staff: Seattle Times News Services

SEATTLE - Doug Johnson, manager of Safeco's highly successful Equity Fund, has joined New York-based Smith Barney as a director and equity portfolio manager in its Asset Management Division. Johnson will work out of Smith Barney's Bellevue office.

To replace Johnson, Safeco hired Richard Meagley. Meagley previously worked 13 years at Safeco, leaving to spend the past two years as a portfolio manager and analyst at Kennedy Associates, a Seattle investment-management firm.

Johnson had been with Safeco 15 years.

Copyright (c) 1995 Seattle Times Company, All Rights Reserved.

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