GLOBAL - William Hunt (pictured) has been appointed president and chief executive officer of State Street Global Advisors (SSgA), the company's asset management arm, effective immediately.
Hunt, a State Street employee since 1994 and most recently head of the company’s global relationship management group, replaces Timothy Harbert, who died in August last year.
In his new role, Hunt will report to Ronald Logue, chairman and chief executive officer of State Street.
“Bill has a proven track record and years of experience building business in various assignments while at SSgA,” Logue said. “As a member of our senior management team for more than a decade, Bill has a keen understanding of the dynamics that have fuelled this success and is committed to building on this outstanding performance.”
Hired by Harbert in 1994 as managing director of SSgA’s Tokyo office, Hunt went on to become CEO for all of State Street in Japan, including its investor services and global markets businesses. In 2001, he returned to Boston to oversee SSgA’s international business.
Most recently, Hunt was head of the company’s global relationship management group. He will continue to serve as a member of State Street’s operating group, its most senior strategy and policy-making team.
Prior to joining State Street, Hunt was senior investment officer for Japan and Korea at American International Group (AIG).
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.