Nancy A. Bush, the regional bank analyst at Brown Brothers, Harriman & Co., has been named associate director of research at the firm.

In her new post, Ms. Bush is to work with Ronald J. Hill, the firm's research director, and continue to track major regional banks until a successor assumes that post. Within a year, she will succeed Mr. Hill as research director.

Ms. Bush said this week that her job would be to help develop the firm's analysts and its institutional brokerage product. Brown Brothers currently has 17 analysts and plans to have 20, she said.

"Our great asset is that we do not do investment banking here," she said; "therefore, we are allowed to have an independent point of view. So my job is to help analysts find their niche."

Ms. Bush, 43, has been at Brown Brothers since 1990. Before joining the firm, she had been a regional bank analyst at Dean Witter Reynolds Inc., New York, from 1987 to 1990 and at Butcher & Singer, Philadelphia, from 1985 to 1987.

From 1982 to 1985, she was a buy-side analyst at Sentinel Advisors, Montpelier, Vt., the mutual fund advisory arm of National Life of Vermont.

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