Prudential Securities Inc. announced yesterday that Arthur B. Spector, a longtime veteran of Goldman, Sachs & Co., will become the firm's new managing director in charge of public finance, effective today.

Mr. Spector has spent the last 18 years at Goldman Sachs. He most recently was a senior investment banker and a member of the municipal bond department management committe. Mr. Spector was not a partner with the firm.

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