Steve Coyle was named senior vice president and director of subadvisory and institutional retirement at OM Asset Management, spokeswoman Brett Perryman said.
Mr. Coyle will be a part of OMAM’s global distribution team, where he will focus on building domestic subadvisory relationships. He will report to Brian Carroll, senior vice president and head of North American distribution.
Mr. Coyle replaces Michael Raso, who is now managing director and head of intermediary and retail distribution at PineBridge Investments, a PineBridge spokeswoman confirmed.
Mr. Coyle was a managing director and head of the U.S. subadvisory business for State Street Global Advisors. A replacement search is currently underway, said SSgA spokesman Andrew Hopkins.
OMAM had $224 billion in assets under management as of March 31.
