CHICAGO — Retiring Chicago Mayor Richard Daley has tapped Martin Cabrera Jr., head of Cabrera Capital Markets LLC, to lead the City Colleges of Chicago board following the resignation last week of Gery Chico, who plans to focus on his 2011 bid for mayor.

Daley appointed Cabrera to the board and recommended that the board accept him as its chairman, according to a statement released by Daley on Wednesday. Cabrera, 39, is the founder and chief executive officer of Cabrera Capital Markets and Cabrera Capital Partners.

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