CHICAGO -- The rivalry between public finance groups at Chicago's Harris Trust & Savings Bank and local securities firm Griffin, Kubik, Stephens & Thompson Inc. has intensified this month after coveted employees from both groups switched camps.

Two vice presidents in the Harris public finance group, Tom Wingader and John Repsholdt, left the bank earlier this month for Griffin Kubik. Around the same time, Harris hired a group of five public finance experts away from Griffin Kubik, officials at both concerns confirmed yesterday.

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