AP News

State Street Global Advisors names Ehret to post

BOSTON (AP) — State Street Global Advisors has named Greg Ehret to the newly created role of global chief operating officer.

Ehret, who is currently the head of Europe, the Middle East and Africa, will be succeeded in that position by Senior Managing Director Mike Karpik.

Ehret has worked at State Street since January 1993 and held various posts in operations, sales, marketing and product development. He's served as head of the EMEA business since 2008.

State Street Global Advisors is the asset-management arm of State Street Corp., a bank that provides money-handling services to pension funds and other big investors.

Its shares added 27 cents to $43.17 in afternoon trading Tuesday.

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