Marshall and Ilsley Corp., the holding company of Marshall & Ilsley Bank in Milwaukee, has elected presidents for its trust and investment management units.

Morry L. Birnbaum, division head of corporate trust services since 1979, has become president of Marshall & Ilsley Trust Co. He succeeds Michael J. Revane, who is retiring.

Mr. Birnbaum, 45, joined M&I in 1969 as a tax analyst. He graduated from the University of Wisconsin-Milwaukee with a major in finance.

David W. Schulz, 35, was elected president of M&I Investment Management Corp. A chartered financial analyst, he has been director of fixed-income since 1990. He joined the bank in 1980 as a fixed-income portfolio manager.

He earned a BBA degree in finance and accounting at the University of Wisconsin.

Mr. Schulz takes over for William J. Gumerman, who resigned, according to the bank.

Marshall & Isley Corp. has 37 affiliated banks in Wisconsin and Arizona.

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