Vice chairman John Griff resigned Tuesday from NationsBanc Capital Markets, whose fixed-income group he helped launch in 1993.

Mr. Griff's departure follows the defection late last week to First Union Corp. of three other NationsBanc high-grade bond executives, market sources said.

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.