Moves meant to prepare the asset manager for "future growth and efficiency". State Street Global Advisors (SSgA) has made a bunch of changes to its wholesale team with a view to enhancing the firm's capabilities and positioning it for growth as it mounts a campaign to push more investment product through client-facing intermediaries.

"This new approach is the latest step in our strategy to accelerate State Street's growth in exchange traded funds, mutual funds and separately managed accounts while aligning our resources to best serve the distinct needs of each specific channel," says Tony Rochte, senior managing director of SSgA.

New jobs

SSgA hired Rochte away from Barclays Global Investors last September.

SSgA's Intermediary Business Group was created six years ago to serve fee-based broker-dealers, registered investment advisors (RIAs) and family offices. The Group represents over $134 billion in assets under management. 

Dodd Kittsley has been named director of group' strategy and research team, which customizes portfolio solutions for clients. Rich Koerner, as the new national sales director, will focus on broker-dealers, and will oversee 10 regional consultants. Kevin Quigg, newly named director of wealth-management sales, will focus on banks, RIAs and family offices. Michael Stevens will focus more narrowly on the RIAs and family offices. Jill Iacono has been named director of national accounts.

SSgA is the investment management arm of Boston-based State Street Corporation. It had $1.7 trillion in assets under management at the end of 2006.

.