MIDWEST
A.G. Edwards Inc. of St. Louis said Robert L. Bagby will become its chairman and chief executive officer and Benjamin F. Edwards 4th its president in March, when 69-year-old Benjamin F. Edwards 3d retires.
Mr. Bagby and the younger Mr. Edwards will also succeed to those titles at the company's principal subsidiary, A.G. Edwards & Sons Inc.
Mr. Bagby, 57, has been with Edwards since 1975. He is now its vice chairman and branch director.
Benjamin F. Edwards 4th, who is 45, has been with his father's company since 1977. He is now the director of sales and marketing, and was earlier an Edwards employment manager, financial consultant, associate branch manager, and regional manager.
Robert A. Pietroburgo, a senior vice president and the Great Lakes regional officer, will succeed Mr. Bagby as the branch director. He has been with Edwards for 13 years and has held such jobs as a financial consultant and a branch manager. Before joining Edwards he had worked at R. Rowland & Co.
Edwards also announced that Douglas L. Kelly will become chief financial officer and director of administration in March, succeeding Robert L. Proost, who will retire.
Mr. Kelly will remain secretary, corporate vice president, and director of Edwards' law and compliance division, as well as chairman of its technology committee.
As the director of administration, Mr. Kelly will oversee the internal audit, general accounting, and risk management functions, as well as regulatory and disclosure filings.
Before joining Edwards in 1994, he had been a partner of the St. Louis law firm of Peper, Martin.
Richard F. Grabish, vice chairman of A.G. Edwards Trust Co., will succeed Mr. Proost as its chairman. Mr. Grabish will remain the trust company's president, a job he has held since 1987, as well as a senior vice president and the assistant director of the parent company's sales and marketing division. He joined Edwards in 1980 as a financial consultant.
SOUTHEASTHibernia National Bank in New Orleans has hired Deborah L. Johnson as the assistant vice president of mortgage banking for the Monroe, La., area.
Ms. Johnson was a mortgage loan officer at Trustmark Mortgage of Jackson, Miss. She has 14 years of mortgage banking experience.
Hibernia has $16 billion of assets.
