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Charter One Securities Unit Appoints New President

Charter One Securities has named Tom Ryan, the former COO for ABN AMRO, as its new president, parent company Charter One Financial announced last week.

Ryan will oversee overall the strategy of the securities unit, which offers, among other products, mutual funds and tax-deferred annuities. At Chicago-based ABN AMRO, Ryan was responsible for the firm's Web-based discount brokerage platforms.

With roughly $37 billion in assets, Charter One says it is one of the 30 largest bank holding companies in the U.S. The firm has branch locations scattered mostly throughout the Northeast and Midwestern states and, in addition to its investment products, offers consumer banking, financing, commercial leasing and other services.