PaineWebber Reorgs Operations; 'Massive' Changes Lie Ahead


PaineWebber Inc. has begun reorganizing its so-called operations/systems division, which includes management of retail market data systems. The firm has put two new executives in place to run the division and major staff changes are expected to follow soon.

The move follows the ouster last February of Bob Benmosche from his post as operations/systems division head (IMD, Feb. 14). To handle Benmosche's former responsibilities, PaineWebber has brought in Robert Karem and Diane Frimmel -- who will

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