MIDDLE ATLANTIC
Dow Jones Indexes in Princeton, N.J., has hired Peter Reitz as executive director of research and development, a post newly created for global indexing.
Mr. Reitz, 34, will be based in Princeton and oversee the establishment of index development teams in Europe and Asia. He was vice president of information products design at Deutsche Boerse AG in Frankfurt and was a member of its group management. He joined the bourse in 1991 as a junior product manager for indexes and became head of product development in 1997.
He also was the first chairman of the supervisory board of Stoxx Ltd., developer of a pan-European index that was a joint venture of Deutsche Boerse, the Swiss Exchange, SBF-Bourse de Paris, and Dow Jones.
Merrill Lynch & Co. in New York has hired Marc E. Nabi as a first vice president and senior analyst covering the satellite communications industry and Burns McKinney as a vice president for the equity research team.Mr. Nabi, 33, joined Merrill's U.S. fundamental equity research team. He was a vice president in the satellite communications sector at Morgan Stanley Dean Witter, where he had worked for six years. Before that he was an associate in the treasury and financial control group of J.P. Morgan & Co. and an auditor for PricewaterhouseCoopers.
Mr. McKinney previously worked in the investment banking group of Deutsche Banc Alex. Brown.
Deutsche Bank in London has hired Shanat Patel to be head of its emerging Europe equity strategy division, succeeding Scott Schwager, who moved to equity capital markets.
Mr. Patel, 26, was chief equity strategist for four years in the London bureau of Creditanstalt. Before that, he was an emerging market strategist at Credit Lyonnais and at Citibank.
SOUTHEASTAmsouth Bank has hired Bart Straughn to lead its business banking team in Jacksonville, Fla., with the rank of senior vice president, and Christopher P. DeVries to be a vice president of its capital management group in the Jacksonville office.
In his newly created post, Mr. Straughn, 42, is to manage a team of six in stepping up small-business banking efforts in the area. He was a vice president and financial specialist leader at First Union Corp. in Jacksonville.
As a personal trust officer, Mr. DeVries, 34, is to direct estate planning and asset management. He was a First Union vice president and trust specialist in Savannah, Ga., for three years. Earlier he was an investment executive at PaineWebber Inc. in Lincoln, Neb., for six years.
Amsouth Bank is a subsidiary of $43.4 billion-asset Amsouth Bancorp. in Birmingham, Ala.
BB&T Factors Corp. in Winston-Salem, N.C., has hired Pete Wilson as vice president in its retail credit division, which facilitates credit transactions between manufacturers and retail stores.Mr. Wilson, 48, is responsible for maximizing credit coverage of clients. He left GE Capital Commercial Services, where he spent 15 years as senior credit officer. Before that he was branch manager at Borg Warner Acceptance, where he worked for six years.
SOUTHWESTBanc of America Securities has hired John Norman to be managing director and Tyler Noble to be vice president in its new office in Denver.
Mr. Norman and Mr. Noble worked for First Union Securities. Mr. Norman has 17 years and Mr. Noble seven years of public finance experience. Both specialize in gas supply revenue bonds, which will be the Denver office's focus.
Banc of America Securities is the investment banking and brokerage arm of $656 billion-asset Bank of America Corp., Charlotte, N.C.
