Compass Bancshares of Birmingham, Ala., has filled the top slot at its brokerage arm.

Peter R. Bauer, 55, was named executive vice president for retail investment sales and the chief executive officer of Compass Brokerage Inc.

He succeeds Randy Reynolds, who resigned last month.

Mr. Bauer joined $17.3 billion-asset Compass from Bank of America in Portland, Ore., where he was senior vice president and national director of insurance services for Bank of America Investment Services.

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