State Street Research and Management Co. in Boston has hired Peter J. Hadelman as a vice president in its institutional sales group.

He will develop business with public, corporate, and foundation/endowment prospects in the Northeast. He will report to Christopher C. Abbott, executive vice president and head of the institutional marketing and client service group.

Mr. Hadelman, 34, was the vice president of new business development and client services at Boston-based Pioneer Investment Management.

Before joining Pioneer in 1998 he was a vice president in the institutional marketing group at Mellon Trust, a subsidiary of Pittsburgh-based Mellon Financial Corp. He worked at Mellon for 10 years.

State Street Research and Management is a subsidiary of MetLife Inc.

MIDDLE ATLANTICSummit Bank in Princeton, N.J., has named senior vice president Marylou Barreiro as head of Summit Commercial Services' business development group.

Ms. Barreiro was head of the growth markets group, which focuses on women and minorities. Earlier, as a vice president, she was the sales director of the business banking division. She joined the bank in 1988.

Summit Bank is a subsidiary of $38 billion-asset Summit Bancorp.

Banc of America Securities in New York, the investment banking arm of Bank of America Corp. in Charlotte, N.C., has named managing director Mark E. Stephanz to lead its financial sponsor group.He succeeded Bob Griffin, who took a job at Barclays Bank this year. The group provides corporate finance coverage to private equity firms engaged in leveraged and strategic buyouts.

Mr. Stephanz was a founder of the group and one of the four group leaders. His career has included responsibilities with both of the major precursors of today's Bank of America Corp.

In 1995 Mr. Stephanz was a senior corporate banking relationship manager in the New York office of NationsBank Corp.

He left that year to join Banc of America Securities, then part of the old California-based BankAmerica Corp. (The financial sponsor group was formed that year.)

NationsBank Corp. bought BankAmerica Corp. in 1998 and renamed itself Bank of America Corp.

SOUTHEASTHibernia National Bank in New Orleans has promoted J. Patrick Gaffney to senior vice president.

Mr. Gaffney provides legal representation in lending-related law issues. He joined Hibernia in 1988 and has 18 years of legal experience.

Hibernia National Bank has $15.7 billion of assets.

First Union Corp. in Charlotte has promoted Debbie Covington to director of consumer-segment marketing and made her a senior vice president.Ms. Covington had been a vice president and the director of marketing for the Florida market since joining First Union in 1995. Before that she was a sales and service manager at Burdines, the department store. She has 12 years of marketing experience.

First Union has also promoted Wade Nield to senior vice president and director of wholesale marketing, a newly created position.

He is responsible for developing marketing plans to promote the company's commercial, small-business, capital markets, and international corporate banking services.

Mr. Nield was manager of small-business and commercial marketing.

WESTSanwa Bank in Los Angeles has put Renette Shigenaga in charge of its information and delivery systems division, promoted her to executive vice president, and named her a member of the bank's executive leadership team.

Ms. Shigenaga was deputy head of the division and a senior vice president. She joined the California bank in 1993 as a group manager.

In her new job she succeeded Yuki Herada, who returned to the Tokyo office of the parent Sanwa Bank Ltd.

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