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IDS EXECUTIVE TO LEAD FINANCIAL SERVICES GROUP

Robert W. Chamberlain was elected president of the Utah Association of

Financial Services at the organization's annual meeting Saturday at Stein Eriksen Lodge in Deer Valley.He succeeds Kenneth H. Pe-ter-sen of Colonial National Financial who becomes chairman of the association's board.

Chamberlain is vice president and chief operating officer of IDS Deposit Corp. Prior to joining IDS, he worked 12 years in the financial services, real estate and insurance industries.

Other officers elected Saturday were John M. Taggart, American Investment Financial, vice president; and Robert D. Myrick, MountainWest Financial, treasurer. Irene Jorgensen was re-elected executive vice president of the association.

The Utah Association of Financial Institutions is a trade group for lending institutions, industrial loan corporations and banks throughout the state.