In the last three years of a 23-year career at First Union Corp., G. Kennedy Thompson has been on a remarkable rise.

He reached new heights Thursday when the Charlotte, N.C., banking company said Mr. Thompson, a vice chairman and head of capital markets, will become president and chief operating officer at yearend. He succeeds John R. Georgius, who is leaving First Union.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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