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PNC Bank has promoted a company veteran to chief investment officer of the asset management group.
Thomas Melcher, currently managing executive of Hawthorn, PNC's ultrahigh-net-worth wealth management unit, will assume his new role on Jan. 1. He will succeed James Dunigan, who will be retiring in 2016, the company announced on Tuesday.
Melcher and Dunigan will work closely through mid-2016, PNC said.
Melcher was named managing executive of Hawthorn in 2004. He joined PNC in 1991 as a...