Citibank Agency and Trust in New York, a unit of Citigroup Inc.'s global corporate and investment bank, has hired Mark D. Hartzell to head account management with the rank of senior vice president. He will report to Jeffrey Volk, global managing director.
Mr. Hartzell was a senior vice president responsible for regional management of the corporate trust business, securitization products, and risk management at U.S. Bancorp, where he had worked for 10 years. Earlier he worked at Maryland National Bank for three years and J.P. Morgan & Co. in New York for two years.
PNC Advisors, a unit of PNC Financial Services Group Inc. of Pittsburgh, has named John R. Colgan and Christina M. Caracciolo as vice presidents in its Wilmington, Del., office.Mr. Colgan was promoted to vice president of trust administration from assistant vice president. His duties did not change. He started his 13-year career at PNC in Wilmington as a trust administration officer and became assistant vice president in 1996.
Ms. Caracciolo was named vice president of the private client group at the Wilmington office. Her responsibilities will include business development in New Castle County.
She has worked for PNC and its predecessor banks for 23 years. Most recently she was a vice president and banking relationship manager for medical professionals at PNC in Horsham, Pa.
She started her career at PNC in Philadelphia, where she advanced to vice president of business banking in 1996.
PNC Advisors manages assets for high-net-worth individuals and organizations. It has $71 billion of assets under management.
Deutsche Bank has hired Bob Cotter, co-head of mergers and acquisitions at Salomon Smith Barney, as its own global head of M&A - a post he formerly held at Credit Suisse First Boston.Mr. Cotter, who was also named a managing director, will be based in New York and report to Yves de Balmann and Mayo Shattuck, co-heads of global investment banking.
He was a managing director at Salomon Smith Barney, where he worked for six years. Before that he spent 16 years at Credit Suisse First Boston. In all he has 26 years of mergers and acquisitions experience.
Deutsche Bank has more than $953 billion of assets.
WESTUnion Bank of California has promoted Fara Raban, Howard W. Russell, and Robert A. Foster to senior vice president.
Mr. Raban will head the knowledge technologies division, Mr. Russell the newly created organized operations and customer services group, and Mr. Foster the insurance team of the specialized industries group in the insurance industries department.
In his new job Mr. Raban will be the technology manager for the bank's finance, global markets, and knowledge warehouse and will report to Charles Pedersen, executive vice president of systems technology and item processing. He had been a vice president of the financial systems development department since 1995.
Mr. Russell will be responsible for domestic and international incoming and outgoing wire services, investigations, and database and wire service management, and will report to Linda Betzer, executive vice president of operations. He had been a vice president in the commercial cash services department since 1997.
Mr. Foster had been a vice president since March 1999, when he came to Union Bank from a vice presidency in the financial institutions group at Chase Manhattan Bank, his employer for 18 years.
In his new post he will report to Gabriel A. Renga, executive vice president of the specialized industries group in the insurance industries department.
Mr. Raban and Mr. Russell will be based in Los Angeles and Mr. Foster at the bank's headquarters, in San Francisco.
Union Bank of California has $33.6 billion of assets. It is mostly owned by Bank of Tokyo-Mitsubishi Ltd.