The newly formed wealth management unit of PNC Bank Corp. has hired Edward J. Stavetski as a director and as chief investment officer for its Delaware market.

Mr. Stavetski will oversee PNC Advisors' investment policies and strategies in the state and work to build its portfolio management business there. He came from Rorer Asset Management of Philadelphia and brings 20 years of experience to the job.

Pittsburgh-based PNC Bank Corp. has $75 billion of assets.

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