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Managing director and market executive for the Bloomfield Hills-Farmington Hills market for Merrill Lynch/Bank of America’s wealth management business, Nathan Marsden, has been named one of the top 75 branch managers in the U.S. by New York’s On Wall Street. The honor is in recognition of his leadership and contributions to the financial advisers who serve clients through Bank of America and Merrill Lynch.
Detroit’s Dickinson Wright announced today that Michael C. Hammer has been elected as the firm’s CEO, effective Jan. 1, 2019. Hammer is a 30-year veteran of the firm and has served as deputy CEO for the past 10 years. He will succeed William T. Burgess, who served as CEO for nine years. Burgess will resume his practice in the areas of banking, finance, and restructuring.
The board of directors of the Detroit/Wayne County Port Authority (DWCPA) have announced the election of Shannon Price as chairman and Jonathan C. Kinloch as vice chairman. Price has replaced Lorron James, who stepped down from the board in May, and Kinloch has replaced Fred Hoffman, who continues to serve as a board member.
Ross Mortgage Corp., a full-service residential mortgage lender headquartered in Troy, announced an expansion to include four new specialty loan options.
Chemical Bank, a wholly owned subsidiary of Chemical Financial Corp., has announced the addition of James Gudenau as national business deposit manager to its Detroit headquarters.
Managing principal of Birmingham’s Fratarcangeli Wealth Management Jeff Fratarcangeli has again been recognized by Forbes and Barron’s as one of the top financial advisers in the U.S. The Fratarcangeli Wealth Management team, associated with Wells Fargo Advisors Financial Network, manage $1.25 billion in assets.
Owners of Detroit Barbers Barbershop and Brand, Chad and Jamie Buchanan, have expanded their Corktown location to include an independent coffee bar, Lucky Detroit, on the shop’s second level.
Plymouth-based global automotive lighting supplier Varroc Lighting Systems announced the appointment of Sylvain Puginier as senior vice president of global purchasing; material, planning, and logistics; and supplier performance. He will also oversee the company’s recently announced electronics joint venture.