NEW ENGLAND

PricewaterhouseCoopers has promoted a college recruiter, Christina D. Thompson, to manager of diversity affairs in Boston.

She will report to John J. O'Connor, a managing partner of the firm's Boston office.

Ms. Thompson joined Coopers & Lybrand in 1996 as an associate in its assurance practice. Previously she was a staff accountant at NGC Corp. in Houston, her employer for three years.


Fidelity Investments in Boston has promoted Joseph LoRusso to president of Fidelity Institutional Retirement Services Co.He was the executive vice president of the unit's large-plan services group and has also managed the large-plan services account sales group.

Mr. LoRusso started with Fidelity Institutional Retirement Services in 1993 as a vice president of products and services in its marketing department. He has 17 years of retirement and investment experience.


MIDDLE ATLANTICChase Manhattan Bank has put Michael K. Clark in charge of its Capital Markets Fiduciary Services division and named him to Chase's management committee.

Mr. Clark, whose new title is business executive for Capital Markets Fiduciary Services, was also promoted from senior to executive vice president.

Hejoined the division in 1994. Earlier he was a vice president of the corporate trust and agency group at Bankers Trust, where he worked for 11 years.

At the Chase division he succeeded D'Arcy LeClair, who left to pursue other interests, the bank said.

The division is part of Chase Global Services. Mr. Clark will report to its head, Don Layton, a Chase vice chairman.


Merrill Lynch in New York has named Charles Lambert and Deepak Raj co-heads of global fundamental research.Mr. Lambert remains the director of research for Merrill's Europe, Middle East, and Africa region, a post he has held since 1996. Mr. Raj remains the director of U.S. fundamental equity research group, which he became this year.

Both will report to Andrew Melnick, head of Merrill Lynch's global securities research and economic group.

Mr. Lambert joined Merrill in 1995, when it bought Smith New Court,the U.K. investment bank. He had been director of Smith New Court's agency brokering business and head of the chemicals research team.

Mr. Raj joined Merrill in 1979 as a senior industry specialist in equity research and has held research and investment banking posts since then.


Salomon Smith Barney in New York has named Jay Mandelbaum as chief executive officer of its newly created global private client group and a Salomon vice chairman.Vice chairmen Paul Underwood, the head of the Citigroup Inc. unit's U.S. retail branches, and Richard Janiak, a managing director who leads its international retail efforts, will report to Mr. Mandelbaum. He in turn will report to Michael Carpenter, chairman and CEO of Salomon.

This reorganization will simplify the management structure, the firm said.

Mr. Mandelbaum, 37, is also a member of the Citigroup global corporate and investment banking operating committee.

He has been with Salomon's private client division since 1994, most recently as the head of sales and marketing. Previously he worked two years at Primerica Corp.

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