PFPC, a member of the PNC Financial Services Group, has promoted Sam Sparhawk IV as head of the custody and securities lending businesses of PFPC Trust Co.

In this role, Sparhawk will direct the operations of PFPC custody services, including recordkeeping, safekeeping and security processing, corporate actions, automated cash sweep and foreign exchange. Total assets under PFPC's custodial responsibility are approximately $347 billion.

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