The new head of private-client services at Fleet Financial Group Inc. faced an immediate test upon taking the job: The stock market plummeted.

Doris P. Meister said she took last Monday's market spasm in stride. While it was only her fifth day on the job, Ms. Meister said coordinating what to tell clients was a great way to get know her new colleagues.

As a managing director of Boston-based Fleet's investment services, Ms. Meister succeeded Michael C. Noble, a longtime Fleet executive who resigned in May to pursue a new career. As head of the private-client group, she oversees 1,000 employees in seven states, managing $23.1 billion of assets.

Ms. Meister is of a new breed of private-client executive in that she has worked in banking for only three years. Most recently, she worked three years at AEW Capital Management, a real estate investment adviser in Boston. Before that, she was chief operating officer at the Christie's New York auction subsidiary.

"Christie's is directly relevant to my role here at Fleet because the client base is the same," Ms. Meister said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.