Jeffrey Santerre was named managing director and head of product management in the U.S. at MFC Global Investment Management, confirmed spokeswoman Beth McGoldrick.
In the new position, Mr. Santerre will be responsible for developing and implementing the firms investment strategies for distribution in the U.S. He will report to Frank Saeli, managing director and head of U.S. institutional sales and relationship management.
Mr. Santerre was a vice president on the global product development team at SSgA. He will not be replaced; his duties will be assumed by other members of the team, said spokeswoman Marie McGehee.