Four senior SSgA executives are leaving the firm, roughly six months after Scott Powers became the firm’s president and CEO.
Peter G. Leahy, executive vice president and chief product officer; Roger Petrin, senior managing director and head of the global trading and implementation groups; Klaus Esswein, senior managing director and head of SSgA’s German and Swiss units; and Jean-Francois Schock, senior managing director and head of SSgA’s Europe, Middle East and Africa strategic growth group, are all leaving the firm, confirmed spokeswoman Marie McGehee.
She declined to say why they were leaving and said she has no information about their plans.
The responsibilities of Messrs. Leahy, Petrin and Schock will be distributed to other members of SSgA’s executive management team.
Wolfgang Hotzendorher, a managing director with SSgA’s German unit, will assume Mr. Esswein’s responsibilities leading that unit, Ms. McGehee said. Ruediger Zeppenseld, who became interim managing director of SSgA’s Swiss office when Josef Bossi departed earlier this year, will continue to head that office.
