Allan L Sher

Richard J. Capalbo, chairman and chief executive of Bateman Eichler, Hill Richards regional brokerage, has resigned to pursue other interests and has been replaced by Allan L. Sher, former vice chairman of Drexel Burnham Lambert. Industry insiders had speculated that Capalbo was not long for Bateman since Chicago-based Kemper Corp.

Richard J. Capalbo, chairman and chief executive of Bateman Eichler, Hill Richards regional brokerage, has resigned to pursue other interests and has been replaced by Allan L. Sher, former vice chairman of Drexel Burnham Lambert. Industry insiders had speculated that Capalbo was not long for Bateman since Chicago-based Kemper Corp.