Alan Brown resigned today as group CIO of State Street Global Advisors. He was based in the firm's London office. His plans could not be ascertained, but reports from London speculated that Mr. Brown's departure was related to the appointment of William Hunt in January as the permanent replacement for SSgA CEO Timothy Harbert, who died last year. Mr. Brown became acting co-CEO, with Peter Leahy, after Mr. Harbert's death.
Arlene Roberts, an SSgA spokeswoman, said some of Mr. Brown's duties will be reassigned, but that she did not have specific details yet.