Arthur Zeikel, chairman of Merrill Lynch Asset Management and a 20-year veteran at the firm, is retiring. David Komansky, chairman and chief executive officer of Merrill Lynch, credits Zeikel with presiding over the growth of the company's asset management business. He called Zeikel, "key to introducing the very concept of mutual funds to a broad cross-section of investors."
David Veatch has joined Focused Investments of Chicago as regional sales manager. In the position, he will be responsible for account management, marketing and new business development. Previously, Veatch was a regional sales manager for Bank One Insurance Group where he supported annuity sales, marketing, product training and skills development. Focused Investments, an independent affiliate of Wayne Hummer Investments, is a full service broker/dealer to depository institutions. It offers securities, packaged products, annuities and other insurance products and services.