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
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead