Short Takes: Investments Executive Leaving 1st Hawaiian

The manager of the investment program for First Hawaiian Bank has resigned, the company said.

Ronald Pellegrino was hired in 1994 to help expand First Investment Center, the bank's brokerage arm. "He's leaving a solid program behind," said Robert A. Alm, the executive vice president of First Hawaiian who heads its financial management group.

Mark Oyadomori, compliance officer of First Investment Center, said he would handle administrative duties until Mr. Pellegrino's slot is filled. Mr. Pellegrino, who is leaving Thursday, did not return a call seeking comment.

The bank, a unit of $15 billion-asset BancWest Corp. of Honolulu, has sold investments through a third-party provider for several years.

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