Executive Changes

MIDWEST

Charter One Bank in Chicago has promoted Stacey Reineking Sather to senior vice president for its Illinois operation.

Ms. Sather will remain the director of public affairs. She joined the bank in 2005 as a vice president.

Before that she was the director of corporate communications at Forsythe Technology Inc. in Skokie, Ill.

Charter One Bank is the name under which Citizens Bank operates in Illinois and is a subsidiary of Royal Bank of Scotland Group PLC. RBS Group bought Citizens in 2004.


MIDDLE ATLANTICDeutsche Bank AG in Frankfurt has hired Mike Gelhard as a managing director and a global co-head of emerging markets, corporate credit, and special situations.

Mr. Gelhard is to be based in New York. He was the head of high-yield and distressed credit trading for Latin America and Asia at UBS AG. Before that he had worked for UBS in Sydney.


Capital One Bank of New York has hired Rob Anderson as its chief financial officer for commercial banking.

Mr. Anderson was a senior vice president at Bank of America Corp. and assisted with its purchase of LaSalle Bank in Chicago.

Before that he was the CFO of business banking in Bank of America's commercial banking group.


Lincoln Financial Group in Philadelphia has hired Tom McGirr to head individual retirement account strategies and retirement solutions.

Mr. McGirr was the vice president of retirement products in Fidelity Investments' institutional wealth services business. As a vice president at Fidelity he helped add inherited IRAs, beneficiary services, and distribution services to the mutual fund company's product line.


INTERNATIONALLazard Ltd. in London has hired Fabrizio Cesario and Frederic Legmann as managing directors in its financial institutions group.

Both had been advisers in the financial institutions business at Lehman Brothers Holdings Inc.

Mr. Cesario had been at Lehman since 1995 and had advised on numerous acquisitions, including that of Banco Antonveneta by ABN Amro Holding NV in 2005.

Mr. Legmann joined Lehman last year after working for Goldman Sachs and earlier at Merrill Lynch & Co. He advised on several transactions, including BNP's purchase of Paribas in 2000.

They will start their new jobs in January and are based in London.

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