Salomon Smith Barney in New York has hired Elise Wang as the managing director covering the biotechnology sector in its U.S. equity research department.
She came to the Citigroup Inc. unit from PaineWebber Inc., where she was most recently a biotechnology senior analyst and before that a vice president in the health sciences group of investment banking.
She joined PaineWebber in 1987 as an officer at PaineWebber Development Corp.
Bear, Stearns & Co. in New York has named Douglas R. Korn chief operating officer of its private equity unit, Bear Stearns Merchant Banking.Mr. Korn remains a senior managing director at the unit, a title he has held since joining the firm in 1998. Before that he was a managing director at Eos Partners LP in New York for four years. He has 15 years of private equity and investment banking experience.
Bear Stearns also hired Richard L. Perkal as a managing director of Bear Stearns Merchant Banking. Mr. Perkal was the head of the Washington transactional practice at the law firm of Kirkland & Ellis.
MIDWESTDain Rauscher Corp., a Minneapolis brokerage and investment banking subsidiary of Royal Bank of Canada, has named senior vice president Charles E. Grose the national director in charge of helping the firm expand its private client business.
Mr. Grose, who had led Dain Rauscher's upper Midwest region since 1999, has 27 years of experience in the securities industry.
He joined Dain Rauscher in 1997 as a recruiting, training, and development consultant and later became the Salt Lake City director. Before joining Dain Rauscher he had worked as the director of Prudential Securities' mid-Atlantic region, its Pacific Northwest region, and its Dallas branch.
National City Corp. in Cleveland has promoted Michael Gonsiorowski to an executive vice presidency at National City Bank and named him to lead middle-market corporate banking in its greater Cleveland area.He succeeded Philip Rice, who in October became president and chief executive officer of National City Bank of Ohio, and to whom he reports.
Mr. Gonsiorowski was National City Bank's manager of smaller-company corporate banking for the North Coast region of Ohio, which includes the greater Cleveland area. Earlier he was Natcity Investments' managing director of corporate finance. Still earlier he had been a manager of corporate lending and retail banking within the Cleveland area. He has worked at National City for 24 years.
National City promoted Gregory Jelinek to succeed Mr. Gonsiorowski in the North Coast area and Michael McCuen to the same job in Cleveland and the immediate suburbs. Both men, named division managers, were regional managers; they remain senior vice presidents and report to Mr. Gonsiorowski.
Mr. Jelinek has worked at National City for 14 years in the investment real estate, special credits, and retail groups. Mr. McCuen has worked four years for the company and has 10 years of banking experience.
WESTCharles Schwab Corp. in San Francisco has hired Charles Goldman to manage its investment in start-up technology companies.
He reports to Dan Leemon, chief strategy officer.
Mr. Goldman is in charge of making strategic investments in technology companies and is the liaison between the firm and technology companies and venture capitalists.
He was the president of Paramount Farms Inc. in Los Angeles, the nation's largest grower, packer, and marketer of fresh citrus and the world's largest producer of pistachios, for four years.
Before that he had been a consultant at Boston Consulting Group for six years. Still earlier he had been an investment banker at Bankers Trust Corp.