John Menard was hired as vice president, institutional investor sales, at State Street Corp., confirmed spokeswoman Carolyn Cichon. It is a new position. Mr. Menard will be responsible for sales and client relations in the public pension fund and Taft-Hartley plan sponsor segments. He was vice president and public funds sales representative at Northern Trust Corp. An internal candidate has been identified to replace Mr. Menard, according to Northern Trust spokesman John O'Connell; he declined to name the person but said an announcement will be made soon.