First Chicago NBD Names Key Managers In Restructuring Aimed At Customer Base

BANKS

First Chicago NBD is restructuring parts of its foreign exchange division, combining FX and interest rate derivatives marketing, in a move designed to better meet customer needs, say officials. The bank has also made a number of senior level appointments and responsibility changes under the recently named global head of foreign exchange, Peter Mesrobian.

Fred Stambaugh joins from Chase Manhattan in London as global head of strategic risk management advisory services, which is a newly created,