PERSONNEL

PERSONNEL

Mark Schultz has joined the proprietary trading desk at Manufacturers Hanover Trust in New York. Schultz was previously working at Merrill Lynch.

Lewis Bernard, a managing director at Morgan Stanley Group Inc. announced his plans to resign from the investment bank by year end. Bernard, one of the top five executives at the bank, currently heads up Morgan's foreign exchange and commodities divisions as well as all support and technological operations. Bernard who earned $2.1 million last year and

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