ABN Amro has promoted an executive to head its group catering to the U.S. financial services industry.

M. Michael Lerner will lead the Dutch banking company's Chicago-based group, which offers commercial and investment banking services to nonbank financial institutions.

Mr. Lerner, an ABN Amro senior managing director, spent five years in corporate finance at ABN Amro's U.S. securities affiliate, and eight years leading the global relationship management group for North America from the bank's Amsterdam headquarters.

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