Commerce Capital Markets Inc. in Philadelphia has hired two vice presidents and a managing director.

The company is the public finance subsidiary of Commerce Bancorp in Cherry Hill, N.J.

Robert Bahara and George Werner were both vice presidents at Legg Mason Wood Walker Inc.

Mr. Bahara was employed in the firm's public finance department. He will be a vice president in Commerce Capital Markets' national public finance group and will work at providing financing for hospitals, nursing homes, and assisted-living facilities.

Mr. Werner, the new managing director, will work with utilities and government issues as well as business expansion. Before joining Legg Legg Mason he worked for CoreStates Capital Markets and First Fidelity Bank.

Derek Hansel is Commerce Capital Markets' vice president responsible for the management of technical analysis and support. He was a senior managing consultant at Public Financial Management Inc. in Philadelphia.

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