Thomas Fischer, chief executive of state-controlled savings bank Landesgirokasse Íffentliche, will be the board member responsible for treasury and market risk management from January 1. He will take over from J3rgen Krumnow, who will be responsible for control and credit risk in the future. Vito DiMattia has joined Dresdner Kleinwort Benson North America as senior vice-president for operations based in New York. He moves from the former NatWest Markets in New York where he was senior vice-president, director of operations. DiMattia will be responsible for treasury, trading and securities operation functions associated with investment and commercial banking in North America. DiMattia will report to Rahul Merchant, executive vice-president and head of information technology and operations. Raymond Smith has been appointed chairman of Rothschild North America, effective from January 1 1999, from his role as chairman of Bell Atlantic Corporation. Smith will work closely with Rothschild North America’s management teams in US, Canada and Mexico to enhance network ties among the group’s offices. Richard Orgill, deputy chief executive of Midland Bank, has been appointed global head of corporate and institutional banking. Orgill will report directly to HSBC group chief executive Keith Whitson and will be responsible for unifying the corporate and institutional banking businesses of HSBC Holdings’ subsidiaries around the world. David Baker, currently an executive director and general manager for Midland Bank’s Midlands division, has been appointed chief operating officer at the London division. Baker will report to Bill Dalton, Midland’s chief executive, and will have responsibility for a variety of business and support functions including finance, treasury and capital markets and human resources. Oscar Wong has been appointed PPM Asia’s chief operating officer, responsible for all non-investment activities in the Asia region. Wong joins from the GT/LGT/Amvescap Group, where he was most recently a deputy chief executive officer.