Republic New York Corp. has hired Mark Brown as executive vice president and head of global foreign exchange for Republic National Bank of New York. He succeeds Anthony J. Chappell, who is retiring to pursue other interests after 30 years in foreign exchange markets. The bank said Mr. Chappell, 53, will assist the management in the executive transition.

Mr. Brown, 37, reports to Elias Saal, head of global trading and vice chairman of the holding company and the bank. At J.P. Morgan, he was the European regional spot foreign exchange manager and global head of foreign exchange proprietary trading.

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