Bank of Boston Corp. has hired Peter Arbes as managing director and head of its emerging markets securitization group.

Mr. Arbes was managing director and a senior banker in asset-backed securities with Chemical Securities Inc.'s capital markets division.

The company also has named Steven Shenfeld managing director and head of its high yield sales, trading, and research group.

Before joining Bank of Boston, Mr. Shenfeld was managing director, partner and head of Bankers Trust's global finance sales and trading.

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