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Associated Banc-Corp chief credit officer to retire; successor named

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes key C-level leadership changes, which are covered separately, and stories previously covered by S&P Global Market Intelligence.

Banking

Olney, Md.-based Sandy Spring Bank hired Mark DuHamel as treasurer and division executive.

DuHamel joins from Huntington National Bank where he was executive vice president and corporate treasurer.

Sandy Spring Bancorp Inc. is the parent company of Sandy Spring Bank.

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Fairfax, Va.-based MainStreet Bank hired Todd Youngren as senior vice president and client management director.

MainStreet Bancshares Inc. is the parent company of MainStreet Bank.

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Green Bay, Wis.-based Associated Banc-Corp Executive Vice President and Chief Credit Officer John Hankerd will retire in the first quarter of 2020.

The company has promoted Patrick Ahern to executive vice president and deputy chief credit officer. He will take over the role in early 2020.

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Coldwater, Mich.-based Southern Michigan Bancorp Inc. added Stacey Hamlin to its board. Hamlin is president and CEO of CTS Telecom.

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Miami-based Ocean Bank promoted Senior Vice President Pedro Max to head of business banking and branches.

Ocean Bankshares Inc. is the parent company of Ocean Bank.

Financial services

Franklin Resources Inc. board member Chutta Ratnathicam will retire at the 2020 annual stockholders meeting.

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Wedbush Securities Inc. promoted Burke Dempsey, Kirsten Fraunces and Rob Paset.

Dempsey was named executive vice president and head of investment banking, and Fraunces was named executive vice president and head of capital markets. Paset was named executive vice president and head of advanced clearing and prime services.

Additionally, Executive Vice President and General Counsel Andrew Druch added chief administrative officer duties and Executive Vice President Donald Hultgren added head of business strategy and development duties.

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Agnès Belaisch will join Barings and Barings Investment Institute as chief European strategist, effective Dec. 16. Belaisch joins from the London School of Economics where she was a senior visiting fellow.