Loren A. Hansen was named chief investment officer for equity investments at Boston-based Colonial Management Associates last week. He will also continue as director of equity investments at Stein Roe & Farnham.

Colonial and Chicago-based Stein Roe & Farnham are both owned by Liberty Financial Cos., Boston. Mr. Hansen joined Stein Roe from Northern Trust Co. in 1995 as executive vice president and director of equity investments. During an 11-year career at Northern, he rose to head the institutional asset management group.

A chartered financial analyst, Mr. Hansen has also worked at Dean Witter Reynolds, PaineWebber, and Bear Stearns & Company.

"At Colonial, our goal is to run a broader, deeper equity fund operation," said Stephen E. Gibson, chief executive of the Colonial Group, in a prepared statement. "Over the past year we have made significant progress in strengthening our equity capabilities."

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