State Street Corp. in Boston has appointed Richard P. Sergel, president of New England Electric System, to its board of directors.

Mr. Sergel, 50, has been president of New England Electric System since 1996. He was also senior vice president of the company from 1992 to 1996 and treasurer from 1990 to 1992. He joined it in 1978 after working as a supervisor at Florida Power and Light.

State Street, a specialist in institutional investor services, has $574 billion of assets under management.

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