In a reshuffling of executives Tuesday, PNC Bank Corp. named Michael Mortensen chief executive officer of its PNC Brokerage Corp. subsidiary.

Mr. Mortensen succeeds Joel Calvo, who was recently named to head the capital markets division. Mr. Calvo retains his title of president.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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