Northern Trust Co. in Chicago has hired Barbara A. Lumpkin, a special assistant to Chicago Mayor Richard M. Daley, as a senior vice president of corporate and institutional services.

She will assume her new post next month and will be responsible for serving the company’s clients in large public retirement funds across the country.

She has worked for the Chicago government since 1995. She had been city treasurer and budget director for a year and comptroller for three years.

Before that she had been a senior vice president and a corporate trust manager at Continental Bank of Chicago (later bought by Bank of America Corp.), where she had worked for 22 years; and at Amalgamated Bank of Chicago, where she had worked for a year.

She has 28 years of financial services experience in the public and private sectors.


ERisks, a New York enterprise risk management consulting unit of Oliver, Wyman & Co., has hired Kerry Williams, general manager of integrated e-commerce at Bank of America Corp., as president.

Mr. Williams was a senior vice president at Bank of America, his employer for three years. He was responsible for its commercial credit card business and launched the company’s eWallet and eBusiness Center initiatives.

Before that he had been a vice president and the district manager of cash management operations at Wells Fargo & Co., where he worked for two years. He had started his career as an independent financial analyst in 1987.

Merrill Lynch & Co. in New York has hired Jeffrey Sechrest as a vice chairman in its investment banking division.He was a partner at Evercore Partners, a New York financial advisory and private equity investment boutique, for three years. Before that he had been a managing director for 11 years at Lehman Brothers, where he had been in charge of mergers and acquisitions, media and telecommunications, and natural resources.

Still earlier Mr. Sechrest had practiced law at the Houston firm of Baker & Botts as a mergers and acquisitions expert. He has 19 years of financial services experience.

Champion Mortgage Inc., a KeyCorp subsidiary in Parsippany, N.J., has promoted chief financial officer Daniel L. Rich to the rank of executive vice president.He was a senior vice president.

Mr. Rich is responsible for Champion’s back-office operations, finance, servicing, post-production, information technology, human resources, and relations with KeyCorp, which is based in Cleveland.

He joined Champion as CFO and a senior vice president in 1989 and played a central role in its entrance into private and public securitization and its sale to KeyCorp in 1997.


U.S. Bancorp Piper Jaffray of Minneapolis has hired David C. Nahas as the vice president of public finance investment banking in its Newport Beach, Calif., office.

His job is to help affordable-housing developers structure long-term financing for their projects. He reports to Mark Appelbaum and Terry McNellis, co-managing directors of public finance investment banking and co-directors of the real estate and multifamily housing group.

Mr. Nahas was the acquisition director of housing investments at Edison Capital in Irvine, Calif., the financial services subsidiary of Edison International, which owns Southern California Edison Co.

U.S. Bancorp Piper Jaffray is a subsidiary of Minneapolis’ U.S. Bancorp. The $86 billion-asset banking company agreed last month to be acquired by Firstar Corp. of Milwaukee.

City National Bank in Beverly Hills, Calif., has named Michael Krcelic the head of its downtown Los Angeles commercial banking operations.He remains in charge of the $8.9 billion-asset bank’s San Gabriel Valley commercial banking center, a job he has held for two years.

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