Robert E. Davis, executive vice president and manager of the municipal bond department at Kemper Securities Inc. in Chicago, has resigned to pursue other interests, sources close to the executive said.

A Kemper spokeswoman confirmed that Davis left the company late last month, but declined to comment further. Davis, who began his career with the firm in 1984, could not be reached for comment, but a source said he has not accepted a position at another firm.

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