SSgA Appoints Global COO

September 11, 2012 ( - Greg Ehret will take on State Street Global Advisor’s newly created role of global chief operating officer.

The position combines sales, product, marketing and operations functions. Currently based in London, Ehret, a 20-year SSgA veteran, will assume the role immediately. Mike Karpik, senior managing director, will take on Ehret’s current responsibilities as head of EMEA.

Ehret joined SSgA in 1993, and has held many senior level positions, including co-head of the firm’s exchange-traded fund (ETF) business.

In 1998, Karpik joined SSgA, and in 2009 he was named head of investments for EMEA based in London. He is also chairman of the board for SSgA Ltd. and a member of the company’s Ireland and France boards.