Boatmen's Trust Co., a subsidiary of St. Louis-based Boatmen's Bancshares, has announced that Martin E. Galt 3d will become chairman and chief executive on Monday.

Mr. Galt, 53, who currently is president of the $40 billion-asset trust company, will succeed John Peters McCarthy, who is retiring after 26 years at Boatmen's. Mr. Galt's trust career began in 1980 when he joined the Boatmen's unit as general counsel.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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