SMITH JOINS FINANCO AS MANAGING DIRECTOR

NEW YORK — William M. Smith, a retail merger and acquisitions specialist, has joined Financo Inc. as a managing director.
Smith spent 10 years at Kidder, Peabody & Co. and when he left in 1994 was head of the retail finance group. After leaving Kidder, he cofounded Water Mill Associates, in Southampton, N.Y., a venture capital firm for national retail concepts.
Among the major retailing firms for which he provided services while at Kidder were Woolworth Corp. and Strawbridge & Clothier. Kidder has since been acquired by PaineWebber.

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