Bank One Corp. in Chicago has hired Linda Bammann as the senior managing director in capital markets.

Ms. Bammann, 44, was the head of global loan portfolio management for two years at UBS Warburg, where she worked for eight years.

Starting Nov. 1 she will manage Bank One’s loan portfolio, corporate syndicate loans, and credit derivatives and will report to James Boshart, head of capital markets.

She has 19 years of financial services experience, having started as a credit and financial analyst in impaired loan management at Chase Manhattan Bank.

KeyCorp in Cleveland has named Robert T. Clutterbuck, a longtime executive of the McDonald brokerage firm it bought in 1998, as chairman and chief executive officer of Key Capital Partners, which includes McDonald.He had been vice chairman of Key Capital Partners, which provides brokerage, capital markets, insurance, investment banking, and asset management expertise to businesses and private clients.

Mr. Clutterbuck was also named an executive vice president of KeyCorp and CEO of McDonald, of which he was president and chief operating officer.

He had joined the independent McDonald & Company Investments Inc. in 1974 and had become a general partner in 1977. He had been chief financial officer and executive managing director when KeyCorp bought the firm.

At Key Capital Partners he succeeded William B. Summers Jr., who remains chairman of McDonald. Mr. Summers, who had earlier been president and CEO of McDonald, has spent his entire 30-year career there. He will now focus on strategic issues, client development, executive recruitment and retention, and community activities.

Robert G. Jones, an executive vice president of KeyCorp and a member of its management committee, was named president of Key Capital Partners and a director of McDonald.

For the past two years the 21-year KeyCorp veteran has led a initiative to improve the company’s competitiveness.

As president of Key Capital Partners he succeeded R.B. “Yank” Heisler, who was recently named head of cross-business sales leadership and accountability for local marketing districts. Mr. Heisler, a 24-year KeyCorp veteran, was also named an executive vice president and a member of its management committee.

Mr. Clutterbuck and Mr. Heisler report to Henry L. Meyer 3d, chief operating officer and president of KeyCorp. Mr. Jones reports to Mr. Clutterbuck.

Northern Trust Co. in Chicago has hired Deborah Boyer as vice president and co-manager of its government fixed-income funds.

Starting Nov. 1 she will be responsible for the Northern U.S. Government and the Northern Short-Intermediate U.S. Government funds, as well as the Northern Institutional U.S. Government Securities Portfolio.

She was a vice president and portfolio manager for the taxable fixed income department at T. Rowe Price Associates, the Baltimore asset management firm. Before that she had been an assistant vice president and government bond trader at First Chicago NBD Corp. in Chicago, which Bank One Corp bought two years ago.

Still earlier she had been a financial analyst at Rubloff Residential Properties in Chicago.

MIDDLE ATLANTICChase Manhattan Bank in New York has hired Merritt C. Brown, a 14-year veteran of the State Department, as senior vice president and chief administrative officer for its capital markets fiduciary services division.

He is responsible for managing its cross-functional projects and reports to Michael Clark, business executive of capital markets fiduciary services.

Mr. Brown created and implemented a financial risk assessment program meant to improve fiscal operations in State Department’s 256 overseas missions. He supervised the department’s migration to a new accounting and management information system and had also held budget management, management information systems, and financial management jobs there.

SOUTHEASTAmsouth Bancorp. in Birmingham, Ala., has hired Debra K. Smietanski as the vice president of investment management and trust services for its Tampa banking market.

Ms. Smietanski was a partner in the Tampa law firm of Broad & Cassel, where she worked for three years. Before that she had been a partner in the law firm of Annis, Mitchell, Cockey, Edwards & Roehn, where she had worked for eight years.

She has 16 years of experience in estate planning and trust administration.

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