The Federal Reserve Bank of Boston has promoted senior vice president Sally Green to one of its two executive presidencies and put her in charge of its wholesale services and accounting group and its retail services group.

She was national product manager for the payments services division, a nationwide business involved in the collection of check and electronic retail payments.

Ms. Green was also named to lead the Federal Reserve System's financial services group. She remains chairwoman of the system's operations council.

She joined the Boston Fed in 1978 as the administrative officer for the economic research department.

UBS Warburg in Stamford, Conn., has hired Craig Fitt as an executive director and U.S. head of ratings advisory.Mr. Fitt will advise clients through the credit ratings process and on how mergers and acquisitions and capital markets transactions might affect credit ratings. He will report to Mirco Bianchi, global head of ratings advisory.

He came from Credit Suisse First Boston in New York, where he held a similar post. Earlier he worked 12 years at Moody's Investors Services.

UBS Warburg is a subsidiary of the Swiss banking giant UBS AG.


Northern Trust Co. in Chicago has promoted Judy Bednar to president of Northern Trust Quantitative Advisors.

She will succeed John R. Goodwin on Monday. Mr. Goodwin, 48, joined the company 21 years ago and will be leaving in the fall to pursue personal interests, the company said.

Ms. Bednar, 47, is a senior vice president and director of structured equity management for Northern Trust Quantitative Advisors. She joined the company in 1985.

Northern Trust Quantitative Advisors is a division of Northern Trust Investments Inc., the investment adviser for Northern Trust's institutional and mutual fund investment advisory activities.


Sanwa Bank in Los Angeles has promoted James Ely to senior vice president and head of its wealth management division.

Mr. Ely was a retail investment sales manager for the division. He joined the company in 1993. He has 13 years of investment sales experience.

Sanwa Bank is $9.2 billion-asset subsidiary of Tokyo-based Sanwa Bank Ltd.

The Federal Home Loan Bank of Seattle has promoted four employees to assistant vice president.One of them, Peter Liew, retained his previous responsibilities. Mr. Liew, manages the bank's systems analysts; his title is support service manager. He joined the Seattle Fed 10 years ago after working at the Federal Home Loan Bank in Dallas.

The other three new assistant vice presidents were given new responsibilities along with the new rank.

Kevin Nelson was named software support services manager. He was a senior systems architect and joined the bank 12 years ago.

Lisa Battaglia was put in charge of the financial services department. She was a department supervisor and the lead senior auditor; she joined the Seattle Fed in 1991.

Glen Simecek will now oversee the pricing and delivery of wholesale financial products. Mr. Simecek was a customer funding officer. He joined the bank in 1994 after working as a cash manager at Egghead Software.

The Federal Home Loan Bank of Seattle has $36 billion of assets.

Wells Fargo & Co. in San Francisco has named Timothy G. Hanlon as head of community development.Mr. Hanlon is a senior vice president of Wells Fargo Bank and president of the Wells Fargo Foundation, which supports the financial contributions of Wells Fargo's branches.

In addition to his previous responsibilities, Mr. Hanlon will be in charge of the bank's lending programs under the Community Reinvestment Act, contributions to nonprofit organizations, and the minority, women, and disabled-owned business enterprise program.

Mr. Hanlon joined the company in 1981 in the human resources department. He was named to help form the community development group in 1990.

Wells Fargo & Co. has $50 billion of assets.

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