The asset management unit of FleetBoston Financial has hired Cornelia Kiley to head a new national sales team that will market investment products to investors with more than $200 million in investable assets, the company said today.

Kiley will serve as the managing director of the unit, which is known as Columbia Management Group and has nearly $170 billion in assets under management. The company said that 39% of those assets currently come from institutional clients.

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