State Street appoints new institutional head

appointments/credit-suisse/

7 August 2013
| By Staff |
image
image
expand image

State Street Global Advisors (SSgA) has appointed a new global head of its official institutions group following John Nugée's decision to retire at the end of October.

Nugée will remain in an advisory capacity as a strategic consultant for the institutions group and will continue to provide research and participate in select client events.

Louis de Montpellier will take over the global head role in September, having most recently held the position of deputy head of the banking department of the Bank of International Settlements in Switzerland.

The department is responsible for providing banking and asset management services to more than 150 central banks and international organisations.

De Montpellier has also held positions at Morgan Stanley and Credit Suisse and has more than 25 years experience spanning public debt management, public asset management and public sector finance.

"John founded our official institution group at SSgA and we are very grateful to him and his 13 years of dedication and commitment," SSgA head of Europe Middle East and Africa Michael Karpik said.

"John and Louis will work closely together over the next few months to transition responsibilities."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS