UK - State Street Global Advisors group chief investment officer Alan Brown has taken over as co-head of the firm following the death of chairman Timothy Harbert.
Harbert - who was SSGA chairman and chief executive officer - died in his sleep after suffering a sudden heart attack.
In the interim, Brown and chief operating officer Peter Leahy have been appointed as interim co-heads of SSGA.
Brown and Leahy will report directly to Ron Logue, chairman and chief executive officer of SSGA’s parent company, State Street Corporation.
Logue said: “Tim’s passion and energy were a driving force in the success of State Street Global Advisors. We have lost a friend and colleague. Our thoughts and prayers are with Tim’s family.”
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.