Duques Is Out As Automatic Data Processing Implements Major Restructuring Of Brokerage Units
THIS MONTH'S LEAD STORIES
In a sweeping overhaul, Automatic Data Processing, Inc. has combined all business units serving the financial industry into one group and replaced its brokerage services chief with the number two man in the ADP organization. The move follows closely on the heels of the company's announcement that it landed its second major brokerage front office contract of the year, a 300-branch deal with Shearson Lehman Brothers, Inc. (see related story, this issue)
ADP, never a publicity hound, has really
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