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BANK OF CALIFORNIA NAMES NEW CHIEF INVESTMENT OFFICER

 SAN FRANCISCO, June 29 /PRNewswire/ -- The Bank of California today named Luke C. Mazur chief investment officer for MERUS Capital Management, the bank's investment management division. He succeeds Harold C. "Tim" Warner, who will join an independent investment firm in the Bay Area.
 Mazur, 51, is currently chief operating officer for MERUS, which manages over $6.2 billion in assets for individuals and businesses. In 1990 he came to The Bank of California as MERUS Managing Director from an equivalent position at Northern Investment Management Co., a subsidiary of Northern Trust Co. Mazur had spent a total of 25 years with Northern Trust in a variety of positions of increasing management responsibility.
 Bank Chairman and CEO Yasumasa Gomi and Trust & Investment Management Group Executive Ralph J. Rasmussen jointly acknowledged Warner's success in directing investment policy for the past four years. "Though we regretfully accept Tim's resignation," Rasmussen said, "we understand his personal desire to embark on a more entrepreneurial course, and wish him well."
 Both executives expressed confidence that the personnel change would ensure continuation of the successful investment strategies developed during the bank's seven-plus decades of asset management. "We selected Luke for his current position based on his breadth of experience and complete understanding of all aspects of this business," Rasmussen said. "The combination of his 25 years of experience with Northern Trust and his responsibilities at the bank at MERUS as chief operating officer caused us to identify him some time ago as a logical successor for the chief investment officer position. He is familiar with every aspect of this business and our investment style. Under Luke's leadership, there will be no shift in our investment strategies, but, rather, continuation of the highly disciplined approach we've always taken. Luke's promotion is a reflection of our planned continuity for the MERUS business."
 "As managing director and chief operating officer of MERUS," states Mazur, "my responsibilities have included managing our regional sales operations, trading, operations, budgeting, compliance and investment counseling. In addition, I have participated actively as a member of our Investment Policy Board. The sum of these responsibilities coupled with my thorough understanding of our fund strategies has instilled in me a keen appreciation for the factors contributing to our results. It is my intention to continue on the successful course already set for the business."
 Within MERUS, the Income Equity strategy continues as the flagship institutional product. The product management team and support infrastructure contributing to its success remains in place.
 Mazur holds a bachelor's degree from De Paul University, where he also attended graduate school. He is a member of the Financial Analysts Federation, the Investment Analysts Society and the Institute for Quantitative Research in Finance. He lives in Marin County with his wife, Charmaine.
 The Bank of California, N.A., was the first commercial bank incorporated in the West. With $7.8 billion in assets, it is the fifth- largest bank in the state, operating 47 banking offices in California, Washington and Oregon, and 11 international offices.
 -0- 6/29/93
 /NOTE TO EDITORS: Photo available upon request./
 /CONTACT: John C. Kaufman, 415-765-2628, or Chris Stuart, 415-765-2761, both of the Bank of California/


CO: Bank of California ST: California IN: FIN SU: PER

SG-TB -- SF002 -- 6707 06/29/93 12:33 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
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