First Data Investor Services, the mutual fund distribution and retirement-plan services unit of First Data Corp., has promoted James R. Falkner Jr. to a vice presidency in client services.
Mr. Falkner oversaw telephone sales and services relationships. He will now manage client relationships and assist in product training and execution. He will report to Debralee Goldberg, senior vice president, client services.
Mr. Falkner came to First Data in 1996 from Shawmut Investment Advisors of Shawmut Bank, now a unit of Fleet Bank, in Boston. He was a regional sales manager.
Atlanta-based First Data Corp. is selling the unit, which manages $850 billion of assets, to PNC Bank Corp. of Pittsburgh; the sale is expected to close in the fourth quarter.