appointment

The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2011. 

Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair. 

Following are the names of the chairs and deputy chairs designated by the Board for 2011: 

Boston

Yesterday JPMorgan Chase & Co. has announced the head of Chase Bank's Florida market and its operations in Mexico, Central America and the Caribbean. According to the official statement the seat is now occupied by former U.S. Sen. Mel Martinez from Florida who left the Senate last year after 5 years of work. 

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payments globally, announced new staff rearrangements its introduced recently. The company appointed Paul MacKay as the MRC s new Program Manager, and Liz Sundquist as the MRC s new Education Manager.

First Data Corporation, a global leader in electronic commerce and payment processing, today announced that two financial services executives have joined the company's Financial Services business segment. 

Kevin Barry has joined the company as general manager of the STAR® Network. Peter J. Korpady has joined the company as senior vice president, national sales and relationship management.

 As The Wall Street Journal reported, Bank of America has recently intended to talk about the appointment of Robert Kelly, Bank of New York Mellon Corp Chief Executive, to the position of the CEO at Bank of America Corp, but he was not interested in the job. As people familiar to the matter affirm, Kelly has been approached more than once about being a potential successor to Kenneth Lewis, who will retire at the end of this year.

 Tuesday, UBS announced it hired a Morgan Stanley investment banker, Michael Ostow, 41, who will lead its insurance practice in North America as a managing director. That is months after the bank lost two senior insurance bankers to Greenhill & Co.

Michael Ostow will join UBS as a managing director and report to Americas co-heads of the financial institutions group, Gary Howe and Halle Benett.

Century Payments, Inc., a payment processing solutions provider, announced today that Christian Fadel, former Sage Payment Solutions Chief Financial Officer, has joined Century as Chief Financial Officer. Mr. Fadel was introduced to Century by Austin Ventures, a $3.9 billion private equity and venture capital firm. AV announced the formation of Century in partnership with AV CEO-in-Residence Robert Wechsler in January 2009.

The Western Union Company, a world leader in global money transfer services, today announced it has named John T. Brennan vice president business development, The Americas, focusing on the U.S. banking channel.

Deutsche Bank Private Wealth Management (PWM) added four new employees to the firm's US Private Wealth Management group. The additions include four Managing Directors, Joanne Jensen, Pat Janco, Becky Creavin and Jennifer Shaw, who will be located in Deutsche Bank's Park Avenue office in New York. All four will report to Chip Packard, Head, U.S. Private Bank - Eastern Region.

Precision Petroleum Corporation, an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States, has announced the appointment of Mr. James Kirby as the Corporate Chief Financial Officer effective June 3, 2009. James Kirby has an extensive business background both in the petroleum industry and the financial sector.

GENEART AG has announced that Daniel Seibert was appointed as a member of the management board with immediate effect. He assumes the position of the Chief Financial Officer (CFO) and is responsible for the areas of finances, controlling, procurement and human resources. Daniel Seibert, 40 is a business graduate and possesses many years of experience managing quickly growing companies in dynamic industries.