Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

MIDWEST

St. Paul Cos. has hired Shane Boyd as its vice president of corporate communications.

Mr. Boyd came to the Minnesota business insurer and asset manager from Fleming Cos., a Lewisville, Tex., supplier of consumer package goods, where he had the same job. Before that he had worked in the communication department of OGE Energy Corp. of Oklahoma City.

Bankers Life and Casualty Co. of Chicago has promoted John M. Squarok from senior to executive vice president.

Mr. Squarok remains the chief financial officer, which he has been since joining the insurer in 2001. Before that he had been the corporate controller at CNA Financial Corp. of Chicago.

Allstate Insurance Co. of Northbrook, Ill., has hired Joseph V. Tripodi, who was Bank of New York Co. Inc.'s chief marketing officer, as its own.

He has also been named a senior vice president at the Allstate Corp. unit.

Mr. Tripodi was Bank of New York's marketing chief for a year and Seagram Spirits and Wine Group's before that.

Earlier he had been the executive vice president for global marketing at MasterCard International Inc.

MIDDLE ATLANTIC

Morgan Stanley of New York said Stephan F. Newhouse will become its president Dec. 1, succeeding Robert G. Scott.

Mr. Scott, who will retire on that date, will remain a board member until spring.

Mr. Newhouse is a co-head of Morgan Stanley's institutional securities division. Vikram Pandit, with whom he shares the job, will lead the division alone.

Mr. Newhouse will remain the chairman of Morgan Stanley International, the holding company for all subsidiaries outside North America.

GMAC Mortgage Corp. of Horsham, Pa., has hired Michael Squillante as its vice president of customer operations and rehired Frank Madden, this time as its director of quality assurance.

Each has 25 years of financial services experience, the General Motors Corp. …

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