Citicorp has hired John J. Egan 3d as head of trust and global custody services, replacing Thomas H. Lovell Jr., who resigned last month.

Mr. Lovell, who came to Citicorp after eight years at Drexel Burnham Lambert, abruptly left the banking company in mid-September after just two years. At Citicorp, he had headed North American investor services, which includes domestic custody, global custody, master trust, securities lending, and other businesses.

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