Mutual fund company Alliance Capital has once again reached into First Chicago NBD Corp. for an executive to help carry out its ambitious plan for peddling its wares through banks.

Patrick Walsh joined Alliance last week, filling the new post of business development manager for financial institutions. The former national sales manager at First Chicago's brokerage, Mr. Walsh is the second executive from the Chicago banking company to move to Alliance in two years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.