ST. LOUIS — A.G. Edwards Inc. on Friday announced several senior management changes that will become effective in March after the retirement of Benjamin F. Edwards 3d, its chairman and chief executive officer.

Robert A. Pietroburgo will become head of the company’s branch operations, with 690 outlets and 6,900 financial consultants. He will succeed Robert L. Bagby, who was named as successor to Mr. Edwards.

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