First Union Corp.'s Evergreen Funds subsidiary last week named a new managing director in its shareholder services unit.

Ann Marie Becker was promoted to succeed Edward Falvey as head of the Evergreen Service Co.'s transfer agency, said a spokesman for the Charlotte, N.C.-based company.

Mr. Falvey is due to retire this week after 20 years with Evergreen.

Evergreen Service Co. conducts the record keeping for Evergreen's $52 billion of mutual fund assets, while the transfer agency keeps track of mutual fund ownership.

Ms. Becker was a vice president in business development in mutual fund services. In her new role she will supervise 270 employees and report to Janet Hanson, the chief operating officer of Evergreen Investment Services.

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