MICHAEL O. MAGDOL ELECTED VICE CHAIRMAN OF FIDUCIARY TRUST INTERNATIONAL
MICHAEL O. MAGDOL ELECTED VICE CHAIRMAN
OF FIDUCIARY TRUST INTERNATIONAL
NEW YORK, Jan. 30 /PRNewswire/ -- Michael O. Magdol has been elected vice chairman of Fiduciary Trust Company International, the global investment management firm announced today. Magdol, 54, had been executive vice president and chief financial officer since 1987. He remains CFO, responsible for the firm's financial, treasury and banking functions, and a member of the board of directors.
Magdol joined Fiduciary Trust in 1987 after having served J. Henry Schroder Bank and Trust Company for 23 years. His last position at Schroder was as executive vice president and director, responsible for the firm's treasury and banking activities.
Fiduciary Trust Company International, which manages $22 billion for individuals and institutions, is a New York State chartered bank. Headquartered in New York, the company serves its worldwide clients from offices in New York, Washington, Los Angeles, London, Geneva and Hong Kong.
"Michael Magdol's appointment as vice chairman recognizes his important contribution to maintaining Fiduciary Trust's excellent credit rating and financial strength as the firm continues its global expansion," said Lawrence S. Huntington, chairman and chief executive officer.
Magdol is chairman of the International Banking Committee of the New York State Bankers Association and chairman of the Children's Oncology Society of New York, popularly known as Ronald McDonald House.
Magdol graduated from the Wharton School, University of Pennsylvania, in 1959, with a B.S.E. degree. He, his wife and two children live in New York City.
/CONTACT: George J. Mullen, Jr. of Fiduciary Trust International, 212-466-4100/ CO: Fiduciary Trust Company International ST: New York IN: FIN SU: PER SM -- NY040 -- 5157 01/30/92 10:41 EST