Nicholas Lopardo, vice chairman of State Street Corporation and chairman and CEO of State Street Global Advisors (SSgA), will retire from the company and its board of directors, effective immediately.
Timothy Harbert, president of SSgA and an executive vice president of State Street, has been appointed as chairman and chief executive officer of SSgA.
Nick Lopardo joined State Street in 1987 and was instrumental in the launch of the first exchange-traded fund with the American Stock Exchange in 1993. In 1997, he was appointed as vice chairman of State Street Corporation and in 1999 he was elected to State Street’s board of directors.
Once elected to the board his responsibilities were expanded to oversee the company’s investment management and trading businesses, as well as strategy in the Asia-Pacific region. By Janet Du Chenne
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TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
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Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.