Executive Changes

MIDWEST

U.S. Bancorp of Minneapolis has promoted Zack Boyers to chairman and chief executive officer of its Community Development Corp.

Mr. Boyers had been the senior vice president and director of historic and new market tax credit investment since 2005. Earlier he had been vice president in the community development corporation of Firstar Bank until Firstar Corp. bought the old U.S. Bancorp in 2001.

He has worked in the community development business since 1998.

He will be based in St. Louis.


MIDDLE ATLANTICCitigroup Inc. of New York has hired Mark Shafir as the head of its global mergers and acquisitions business.

Mr. Shafir was the chairman and co-head of mergers and acquisitions at Lehman Brothers. He joined the company as its global head of M&A in 2003.

Before that he had been the head of investment banking at Thomas Wiesel Partners Group Inc. Earlier he had been head of global technology investment banking and M&A at Merrill Lynch & Co. Inc.

 


 Bank of America Corp. of Charlotte has hired Neil Yaris as its head of high-yield sales and trading.

Mr. Yaris will join B of A in November and will be based in New York. He has worked since 2000 for Credit Suisse Group, most recently as the head of high-yield securities. Before joining Credit Suisse he had worked for Goldman Sachs Group Inc. since 1996 as a trader of municipal and high-yield bonds.


WESTUBS Investment Bank of New York has hired John Metz as a managing director and head of U.S. communications banking in the technology banking group within its investment bank department.

Mr. Metz had been the head of the communications group at Credit Suisse Group since 1998. Before that he had worked in technology banking at Deutsche Morgan Grenfell.

 


 Union Bank of California in San Francisco has hired Pierre Habis as its head of branch banking.

Mr. Habis had overseen commercial banking at Countrywide Financial Corp. since last year. Before that he had been a managing director of retail banking and the chairman of Countrywide Investment Services Inc.

He had joined the Calabasas, Calif., company in 2004 as the executive vice president in charge of expanding its deposit-gathering business.

Union Bank's parent, UnionBanCal Corp., is mostly owned by Mitsubishi UFJ Financial Group Inc.

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