Executive Changes

MIDWEST

Harris Trust and Savings Bank in Chicago has named Sally Larson Sargent as the senior vice president of the personal trust group in its private-bank unit.

The unit manages $36 billion of assets. The bank has $29 billion and is owned by Bank of Montreal.

Ms. Sargent, 50, headed trust and investment services for two years in Barrington, Ill., at Harris Bankcorp, the U.S. holding company. She had joined Harris in 1995 as a vice president in the estate administration group.

Before that she had been a trust and estate lawyer in private practice. She has 26 years of banking experience.

In her new job she succeeded Richard Fink, who became group executive of central services for the private banking operation. She reports to its chief, executive vice president William Thonn.


MIDDLE ATLANTICTD Waterhouse Group in New York has promoted Diane E. Walker to the newly created post of chief administrative officer.

She oversees the legal compliance, risk management, internal audit, human resources, and public affairs departments of the Toronto-Dominion Bank unit and reports to Stephen McDonald, chief executive officer.

Ms. Walker was the bank's executive vice president of operational risk. She had joined the bank last year when it bought CT Financial Services Inc. of Toronto, for which she had worked six years. She had been CIT's executive vice president of corporate resources.


First Union Capital Management Group has named Ghislaine Austin as the chief investment officer for Philadelphia and Delaware of its wealth management operation, First Investment Advisors.Ms. Austin, who was also named a managing director of the unit, was the director of its Connecticut and New York region.

She had joined it in 1995 as its director for northern New Jersey. Before that she had been a vice president and the co-manger of the Common Stock Growth Fund for three years at Summit Bank in Summit, N.J. (FleetBoston Financial Corp. bought its parent, Summit Bancorp of Princeton, in March.)

Still earlier Ms. Austin had been a regional manager and member of the investment strategy committee at Connecticut Bank and Trust in Hartford (now Fleet National Bank in Providence, R.I.), where she had worked for seven years. Before that she had been a vice president at Scudder, Stevens & Clark of New York for six years.

She began her career in 1976 as a portfolio manager at U.S. Trust Co. of New York, where she worked for three years.


SOUTHEASTComerica Bank of Detroit has promoted Christopher J. Gruchacz to investment manager, from assistant vice president of investments, in the Fort Lauderdale office of its private bank and to vice president.

He reports to Stephanie Vieira, the private bank's senior investment manager for Florida.

Mr. Gruchacz has worked for the Comerica Inc. unit since 1995 and has 14 years of trust and investment management experience.

The private bank unit has also named James Karnegis as the assistant vice president of personal trust in the Fort Lauderdale office. He reports to Angela Mastrofrancesco, a vice president and the senior trust officer there.

Mr. Karnegis is in charge of estate and trust administration and business development. He has 13 years of banking experience and has been a trust officer since joining the private bank in 1996.


Booz-Allen & Hamilton Inc. in McLean, Va., has promoted Paul Kocourek, the head of its Asia-Pacific practice, to global head of its financial services practice.Mr. Kocourek has been with the management and technology consulting firm for 14 years. He is a senior partner and a member of its board of directors.

In his 22 years of consulting he has specialized in retail and corporate banking, property and casualty insurance, health care, and asset management.

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