Funds Distributor Inc. has hired an executive from a crosstown rival in the mutual fund servicing business.

Richard W. Ingram has joined the Boston-based firm as senior vice president and director of client services, the company said.

He will manage the firm's client and consulting services, research and data base reporting, and treasury administration.

Mr. Ingram was previously vice president and division manager at First Data Investor Services Group.

The independent company now services more the 225 investment portfolios with assets of almost $85 billion.

Comerica's Munder Funds and Great Western's Sierra Funds are among the bank mutual funds distributed by the company.

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