Tom Holland has joined State Street Research & Management Co. of Boston as senior vice president of retail operations. Holland was previously with Putnam Investments of Boston as senior vice president of the communication service department, in charge of a 400-person call center, Putnam's web site and written shareholder communications.

Bear Stearns Asset Management of New York City has hired Jeffry P. Brown as senior managing director and director of institutional marketing and client service. Brown succeeds Doni Fordyce who remains as chief operating officer at Bear Stearns Asset Management.

Brown will be responsible for building Bear Stearns Asset Management's institutional business, both in the U.S. and abroad. He was previously at Morgan Stanley Dean Witter & Co. where he was a principal and coverage officer for institutional marketing in the investment management division.

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