State Street Global Advisors (SSgA) has reshuffled its sales and relationship management team that serves financial intermediaries. Its newly renamed Intermediary Business Group comprises multiple operating units encompassing the full array of investment professionals as well as a fully integrated staff of strategy and research professionals.
The group was originally created in 2001 to provide service to a growing client base of sophisticated investors such as financial advisors, broker-dealers, registered investment advisors (RIAs) and family offices.
The group represents more than $134 billion in assets under management.
As a result of the restructuring, several key State Street executives have been promoted. Rich Koerner has been appointed national sales director focusing on broker-dealer firms. He will oversee 10 regional consultants supporting national, regional and independent BDs.
Kevin Quigg has been appointed director of sales focusing on wealth managers including banks, hedge fund and mutual fund managers, proprietary trading desks, RIAs and family offices. Additionally, Michael Stevens has been appointed to the new position of manager focusing on the RIA and family-office channels, and will report to Quigg.