SHAWMUT NATIONAL CORP., Hartford, Conn., said Niels Jensen has joined as executive vice president with responsibility for the financial institutions group.

He succeeds Russell Knisel, who announced in April that he would retire by the end of 1994.

Mr. Jensen manages the financial institutions group, which encompasses the insurance industry, correspondent banking, and corporate trust divisions.

Mr. Jensen had been with Northern Trust Co. in Chicago, where he was senior vice president of corporate financial services.

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