SAN FRANCISCO - After 16 years as an investment banker with Lehman Brothers and successor Barclays Capital, Peter J. Taylor was appointed last week as chief financial officer and executive vice president of the University of California system.

Taylor, 50, assumes a new position in the system, created as part of a restructuring effort that has accelerated since Mark G. Yudof was appointed last year as president of the 10-campus higher education system.

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