Carl Bang was named managing director and head of Canadian business and operations at State Street Global Advisors. He replaced Jean Dumoulin, who left SSgA last month "to pursue other interests," according to a news release. Mr. Bang, based in Montreal, said he will focus on expanding the firm's core strategies for the Canadian institutional marketplace. He added that SSgA will introduce a new active fixed-income strategy in the next six months and plans to launch more active fixed-income and equity strategies in the future. SSgA will also launch a new Canadian long-short hedge fund strategy, he said. Mr. Bang will report directly to Otello Sturino, SSgA's chief administration officer and head of operations, and Jean-Francois Courville, country head for State Street Corp. in Canada. Mr. Bang was the firm's head of fixed income and asset allocation. Mr. Bang's responsibilities will be assumed by Gregory Chrispin, who was named SSgA's Canadian CIO, a new position, according to spokesman Brian Willinsky. Mr. Chrispin had been the head of all equity strategies in Canada, and he will now assume responsibilities for fixed income as well.