Quick & Reilly hired Ronald R. Valeggia as a senior vice president and chief information officer, a new position at the firm.
Mr. Valeggia, who joined the New York office of the Palm Beach, Fla.- based firm last week, was hired from Alliance Capital Management, where he was chief technology officer.
He will be responsible for coordinating all the operations and technology of Quick & Reilly's subsidiaries, which include discount brokerage, clearing, and equity market making outlets.
Information technology for those areas was previously headed by people in each business. They will now report to Mr. Valeggia, the spokesman said. Mr. Valeggia will in turn report to Thomas C. Quick, president and chief operating officer.
"One of the things we've asked Ron to do is to take a look at the various groups that support our businesses and recommend an organizational structure," said the spokesman. The firm does not anticipate any other personnel moves as a result of Mr. Valeggia's hiring, the spokesman said.
Quick & Reilly is enhancing the technology it uses for its no- transaction-fee supermarket and is looking at ways to improve the services it provides through its U.S. Clearing arm. Mr. Valeggia will be involved in these projects, the spokesman said.
The firm recently agreed to be bought by Boston-based Fleet Financial Group for $1.6 billion. The deal is expected to close in early 1998.