MIDDLE ATLANTIC

First Empire State Corp. has promoted Robert E. Sadler Jr. to president of its Manufacturers and Traders Trust Co., Buffalo.

He is responsible for all of its banking activities, including East New York Savings Bank, a New York City unit of Buffalo-based First Empire State.

Mr. Sadler joined Manufacturers and Traders in 1983 as an executive vice president. He came from Chemical Bank, where he had held senior positions since 1970.

First Empire State also said Michael P. Pinto would become its executive vice president and chief financial officer in July, and would also hold those titles at Manufacturers and Traders.

Mr. Pinto, who joined the bank in 1985, is a senior vice president in financial planning. He will succeed James L. Vardon, who is retiring.

In addition, John L. Pett has been promoted to executive vice president of Manufacturers and Traders. Mr. Pett, who joined it in 1977, was chief credit officer of the bank and the holding company.

Bankers Trust New York Corp. named four executives to its Latin America cash and derivatives sales group to focus on client-related business.

Duncan Lee, hired as a managing director, was a vice president at Merrill Lynch, responsible for selling emerging markets fixed-income products to institutional investors in the United States.

He and Edward Melton, newly hired as a vice president, are responsible for marketing emerging markets cash and derivatives products, primarily to U.S. clients.

Mr. Melton was a vice president at Lehman Brothers, responsible for marketing emerging markets fixed income securities and structured products to U.S. money managers, commercial banks and Latin American clients.

Silvia Campo and Nathan Engelhard, also vice presidents, were made responsible for marketing Latin American derivative products to clients in Latin America

Ms. Campo came from Bankers Trust's London office, where she sold derivative products to investors and financial institutions in Spain. She has been with the company since 1993.

Mr. Engelhard was a vice president at Societe Generale Securities Corp., New York, responsible for equity derivatives sales in Latin America.

All four report to Marie Bitetti, managing director and global head of the derivatives group.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.