PNC Capital Markets has hired Matthew Lifson as a managing director for foreign exchange.

He will be based in Pittsburgh and report to Charlotte McLaughlin, managing director for derivatives and foreign exchange, PNC said Monday.

Mr. Lifson has spent 24 years in foreign exchange, most recently at National Australia Bank.

He also worked at Chase Manhattan Corp. for nine years and at Merrill Lynch & Co. for seven.

PNC Capital Markets is an investment banking subsidiary of PNC Bank Corp., Pittsburgh.

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