Riggs National Corp. has hired James R. Eads, the former head of Signet Banking Corp.'s brokerage, and other former Signet executives, to bolster sales of Riggs' proprietary mutual funds and possibly find a mutual fund company to acquire.

Mr. Eads, 42, joined Riggs Jan. 1 as a managing director of Riggs & Co., a unit that markets Riggs' mutual funds.

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