Richard LaCaille was promoted to global CIO of SSgA, a new position, said spokeswoman Marie McGehee.
Mr. LaCaille will manage CIOs looking after specific asset classes, including currency, fixed income, asset allocation, cash and equities, as well as overseeing the research and trading activities, according to an SSgA news release.
He will continue to be based in London and will report to Scott Powers, SSgA president and CEO. Mr. LaCaille served as head of active global equities and will retain those responsibilities until a replacement is named, said Ms. McGehee.
Separately, Marc Brown was named chief administrative officer at SSgA, a new position, said Hannah Grove, spokeswoman. He was global head of sales and marketing; SSgA is conducting a search to replace him.