Shawmut National Corp.'s expanded focus on the investment products business is paying off, a senior official at the banking company says.

The measures taken include the launch of a retail mutual fund family in early 1993, the hiring of 125 branch-based investments marketers, a reentry into the institutional asset-management business, and a revamping of retirement planning administration services.

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.