National Processing Co., a Louisville, Ky., provider of merchant credit card processing, has promoted Donna Carbone, a vice president of risk management,and Mark Vogt, a vice president merchant services and financial analysis, to senior vice presidencies in those areas.

Their responsibilities did not change.

Ms. Carbone's job includes credit underwriting, risk management, and contract management. Before joining the company, an affiliate of National City Corp. of Cleveland, in 1996, she had been a director of risk management at First Data Merchant Services.

Mr. Vogt's work includes financial planning, business modeling, budgeting, pricing, and variance analysis. He has been with the company for 14 years.

National Processing has also named Dawn M. Thompson, Tammy Simcoe, and Lisa Travelstead as vice presidents, with no change of responsibilities.

Ms. Thompson is in charge of corporate marketing, public relations, and external corporate communications. She joined the company last year as its director of corporate marketing.

Ms. Simcoe's job in client relations includes customer service and retention efforts for the company's travel and entertainment portfolio. She has worked for National Processing for 21 years.

Ms. Travelstead's duties in merchant services include chargebacks, retrievals, arbitration, compliance, and good-faith collection. She has worked for the company for 24 years.

MIDDLE ATLANTICMerrill Lynch & Co. in New York has named Howard E. Grace as a senior relationship manager in its U.S. private client group.

Mr. Grace was a managing director in the firm's equity capital markets group. Before joining Merrill in 1998 he had been a managing director and the U.S. head of equity capital markets at UBS Securities.

He has 20 years of experience in the securities industry, including investment banking jobs at Goldman Sachs & Co., First Boston Corp., and S.G. Warburg & Co. in New York.

CIBC World Markets, the investment banking subsidiary of Canadian Imperial Bank of Commerce, has hired Jane Brennan Pritchett as a managing director in the firm's U.S. health-care investment banking group.Ms. Pritchett, 35, is based in New York. She was a senior vice president covering origination, structuring, and execution of M&A, equity, IPO, private placement, convertible, and debt transactions at Lehman Brothers, where she worked for a year and a half.

Before that she had worked for three years at Salomon Smith Barney and Salomon Brothers. Still earlier she had worked for a year at S.G. Warburg & Co.

She has 12 years experience as an investment banker focused on the health-care industry.

WESTUnion Bank of California in San Francisco has hired Johannes Worsoe as the head of its newly created global markets trading and sales group.

The new group serves the foreign exchange, interest rate risk management, investment, and international payment needs of corporations and financial institutions.

Mr. Worsoe was also named a senior vice president and put in charge of the group's derivatives and securities business activities. He is based in Los Angeles and reports to Katsuyoshi Hamahashi, Union Bank's treasurer and the executive vice president of its global markets group.

Mr. Worsoe managed the international financial services division of Imperial Bank of Inglewood, Calif., where he worked for six years. He has 16 years of banking and trading experience in Scandinavia, Spain, and the United States.

Union Bank has also put Tomoko Iwakawa, a vice president and the chief strategist on the foreign exchange trading desk, in charge of its derivatives group. She reports to Mr. Worsoe.

The bank is mostly owned by Bank of Tokyo-Mitsubishi Ltd.

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