Andersen Consulting, New York, has promoted Stephan A. James to the newly created job of worldwide managing partner of its financial services practice.

Mr. James, who is based in Chicago, had been the practice's managing partner for the Americas since 1994; for a decade before that he had been responsible for the central United States. He had joined Andersen in 1968 and been elected as a partner in 1979.

In his new job he will oversee Joel Friedman, managing partner of the banking line of business; James Hudak, managing partner of health services; and John Freeland, managing partner of insurance.

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