Executive Changes: Prudential-Bache Hires Tjiong, Lim-Shaw

Prudential-Bache Securities, the investment-banking subsidiary of Prudential Insurance Co., has hired Allen Tjiong and Ning Lim-Shaw as co-heads of Asian equity securities.

Mr. Tjiong will be based in New York and Ms. Lim-Shaw in Singapore. They will focus on the property, utilities, bank, conglomerate, e-commerce, technology, and telecom sectors.

Mr. Tjiong was vice president of Asia/Pacific equity sales for Salomon Smith Barney in New York. Earlier he was a director and head of Asian sales at Nomura Securities Co. of Osaka, Japan. Before that he worked at Union Bank of Switzerland and J.P. Morgan & Co.

Ms. Lim-Shaw was director of sales for Asian bourses at OCBC Securities Ltd. Earlier she worked in institutional equity sales at GK Goh Stockbrokers Ltd.


NEW ENGLAND

Mellon Private Asset Management has hired Steven J. Haskell as a vice president and manager of estate settlement in its Boston office.Mr. Haskell was an executive account manager and team leader in the estate settlement group of FleetBoston Financial Corp.

Mellon Private Asset Management is a unit of Pittsburgh-based Mellon Financial Corp.


MIDDLE ATLANTIC

Summit Bancorp in Princeton, N.J., has promoted executive vice president Joseph A. Micali Jr. to senior executive vice president.Mr. Micali, 44, led the technology division of the company's Summit Service Corp. He will now be in charge of the mortgage division, the investment securities portfolio, asset-liability management, corporate planning, mergers and acquisitions, and the audit division.

He joined the company in 1997. Earlier he was a senior vice president at First Union Corp. Still earlier he worked at First Fidelity Bancorp in Newark, N.J., which First Union bought in 1998. And before that he worked at Chase Manhattan Bank. He began his career at the Federal Reserve Bank of New York.

Summit Bancorp has $36 billion of assets.


Warburg Dillon Read, the investment banking arm of Switzerland's UBS AG, has hired Amanda Montgomery and Jim Kelly for its global loan syndication and trading group in Stamford, Conn.Ms. Montgomery was a vice president of sales in the loan syndication group at Lehman Brothers. She will be one of the executive directors in loan sales at the Warburg Dillon Read group and will report to Brendan Dillon, head of loan sales for the Americas.

Mr. Kelly was the was head of loan trading at Royal Bank of Canada. He will be a director and a senior par loan trader with the at the Warburg Dillon Read group and will report to Steve Rielly, global head of loan trading.

Warburg Dillon Read has also hired Rosemary Sisson as a director and senior analyst in its high-grade research group.

Ms. Sisson will report to Stewart Morel and Philip Olesen, co-heads of high-grade research and cover retail and consumer products. She was a high-yield analyst covering these sectors at FleetBoston. She has 14 years of investment banking experience.


SOUTHWEST

Compass Bank has named George Hall as its Albuquerque, N.M., city president.Mr. Hall will be in charge of commercial banking, commercial real estate, private banking, and business banking in New Mexico, a new region for Compass.

He had been city president for Montgomery, Ala., since joining the company four years ago. Before that he was a regional president at First New Hampshire Bank. He has 17 years of experience.

Compass Bank is a subsidiary of $18.2 billion-asset Compass Bancshares.

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