First Bank System, Minneapolis, has hired Nicholas F. Alex as senior vice president and manager of its treasury management division.

He succeeds Peter E. Raskind, who was named head of corporate trust at First Bank earlier this year.

Mr. Alex was senior vice president and national manager of NationsBank's corporate products division in Atlanta. Before joining NationsBank in 1985, he was a corporate cash management calling officer at Riggs National Bank in Washington.

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