SSgA CIO Resigns

March 21, 2005 (PLANSPONSOR.com) - Alan Brown, the chief investments officer at State Street Global Advisors (SSgA), has resigned.

According to Reuters, Brown will not be directly replaced; instead, his position will be headed by three regional offices covering North America, Asia-Pacific and Europe. The new chief investment officers for these three offices will be Sean Flannery, Lochiel Crafter, and Rick Lacaille, respectively.

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The company would not comment on why Brown departed or what his future plans were. He had held the position since 1997. He had also been appointed co-head of SSgA last year after the untimely death of Timothy Harbert, who had been the unit’s chairman and CEO.

SSgA oversees a total of $1.4 trillion in assets, according to Reuters.

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