Fleet Financial Group has promoted Eugene M. McQuade, 48, to vice chairman and chief financial officer. He will report to chairman Terrence Murray as a member of the newly formed office of the chairman.

Mr. McQuade joined Fleet in 1992. As executive vice president, he presided over Fleet's balance sheet restructuring as it absorbed the operations of Shawmut National Corp. and National Westminster Bancorp.

Former vice chairman Robert Higgins was named president and chief operating officer earlier this week.

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