Diane Merdian will be joining Montgomery Securities, San Francisco, next month as an equity analyst covering the financial industry.

Ms. Merdian, a former analyst at Salomon Brothers Inc. in New York, will help fill the gap left by the departure of J. Richard Fredericks.

Mr. Fredericks announced last February that he was shifting to the firm's corporate finance department after 20 years as a banking industry analyst.

He specialized in Western and superregional banking companies and had developed a strong reputation in the field.

Ms. Merdian will join Montgomery on July 17.

She could not be reached for comment on Friday.

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