CHICAGO -- James Bellus will step down Aug. 30 as president of the St. Paul Port Authority to join Minneapolis-based Piper, Jaffray & Hopwood Inc. as a managing director in its public finance department, the authority announced earlier this month.

Mr. Bellus has been president of the Port Authority since June 1989. Before joining the authority, he had held positions as an executive assistant to former St. Paul Mayor George Latimer and a director of the city's Department of Planning and Economic Development.

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