First Union Corp. has named G. Kennedy "Ken" Thompson executive vice president and co-managing director of its expanding capital markets group.

Mr. Thompson, 45, will co-manage the group with Louis A. "Jerry" Schmitt. Mr. Thompson, a 20-year First Union veteran, has been president of its Florida bank since 1992. He replaces Daniel W. Mathis, 53, who plans to retire at yearend.

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