US - State Street Corporation has promoted Jay Hooley from vice chairman and head of global investment servicing, trading and research businesses to president and chief operating officer.
Logue said: "Jay is a proven leader with a strong knowledge of our industry and the trends shaping its future. He has made a significant impact to our past success and I have no doubt as president of State Street he will have an equally profound impact on our future."
Since joining State Street in 1986, Hooley has held a number of leadership positions with the company.
In other news, Steven Blackie has joined Mercer as a principal and senior investment consultant in its Edinburgh office.
Blackie joined from Aon Consulting where he was commercial director for Scotland and head of Aon's Scottish Practice.
Blackie is set to take over the role from Anne Kershaw, who would continue to focus on delivering advice to some of Mercer's largest clients.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).