Drew Pace was hired as executive vice president and director of global...

Drew Pace was hired as executive vice president and director of global institutional sales and marketing at Mellon Financial Corp., Pittsburgh. A Mellon spokesman declined to identify Mr. Pace's predecessor but confirmed that the position is not new. Mr. Pace was a senior vice president and director sales and marketing of the investor services group at State Street Corp., Boston. State Street spokeswoman Hannah Grove said there are no immediate plans to replace him.