ADP Tweaks Organization To Target Institutions; Hires Bridge's Lascelles

PRODUCTS & VENDORS

Automatic Data Processing Inc. has hired Bridge Information Systems Inc.'s Jim Lascelles, effective July 1, to play a key role in the newly reorganized Financial Information Services (FIS) unit of ADP's Brokerage Information Service Group (BISG). Among the goals of the reorganization is to focus the vendor's efforts to court the institutional markets.

"Given our growth over the last five years," says FIS president Ralph Koehrer, "we are focusing on the important barriers and consequently have

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