Unionbancal Corp. of San Francisco has hired a new brokerage chief, to succeed one who is leaving because his responsibilities were chopped back in a reorganization.

Former Washington Mutual Inc. executive Ken Lepore will take the helm next month at UBOC Investment Services Inc. as president and chief operating officer. Mr. Lepore, 42, will succeed president and chief executive Richard W. Smiley, whose last day will be Friday.

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