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NIELS JENSEN JOINS SHAWMUT NATIONAL CORPORATION AS EXECUTIVE VICE PRESIDENT FOR FINANCIAL INSTITUTIONS GROUP

 HARTFORD, Conn., Oct. 18 /PRNewswire/ -- Shawmut National Corporation (NYSE: SNC) announced today that Niels Jensen has joined the corporation as executive vice president with responsibility for the Financial Institutions Group. Jensen replacess Russell Knisel who announced in April that he would rertire by the end of this year. Jensen reports to Gunnar S. Overstrom, president and chief operating officer of Shawmut National Corporation.
 Jensen, 46, will manage the Financial Institutions Group at Shawmut, which encompasses the Insurance Industry, Correspondent Banking, and Corporate Trust divisions. Jensen joins Shawmut from Northern Trust Company in Chicago, where he was senior vice president of Corporate Financial Services. His responsibilities included product management and development of the bank's domestic and international master trust, custody, and investment services. Jensen's past responsibilities at the bank included management of the bank's corporate cash management and correspondent services, and head of commercial banking operations and systems development.
 Jensen holds a Master's degree in management from the Kellogg School at Northwestern University.
 Jensen is a past member of the American Bankers Association's Operations and Automation Executive Committee and served as chairman of the Wholesale Operations Committee. He is a past member of the Federal Reserve's EFT Advisory Council and is a past Certified Cash Manager of the Treasury Management Association.
 Shawmut National Corporation is a superregional bank holding company with assets of $26 billion and 305 offices in Connecticut, Massachusetts, and Rhode Island. Shawmut National is a leading provider of financial services to consumers and small- to medium-sized businesses in the region. It also provides financial services to corporate customers, correspondent banks, and governmental units in New England and select national markets.
 -0- 10/18/93
 /CONTACT: Brent S. Di Giorgio, 203-240-7632 or Robert L. Guenther, 203-240-1267, both of Shawmut National Corp./
 (SNC)


CO: Shawmut National Corporation; Northern Trust Company ST: Massachusetts, Illinois IN: FIN SU: PER

JL -- NE001 -- 3154 10/18/93 07:59 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:316
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