Thomas Pindelski joined First Union as CFO of its Capital Management Group. The group, with $150 billion in assets, is the investment and asset group of First Union. Mr. Pindelski, who started this month and replaces Mike Holcomb, previously served as CFO at Nicholas-Applegate.
John McDonnald, who joined Nicholas-Applegate as COO from American Express, will assume Mr. Pindelski's duties July 1