Richard Kane, president and chief operating officer of Bank Leumi Trust Company of New York, left his job this week to take a more "attractive" position at global reinsurer Guy Carpenter & Co., the bank said Wednesday.

Mr. Kane, who has been with Bank Leumi since 1988 and oversaw a shakeup there following losses caused by problem loans, will remain on its board of directors. His duties will be assumed by Zalman Segal, Bank Leumi's vice chairman and chief executive. David Friedman will continue as the bank's chairman.

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