MacLeod is joining from BlackRock, where he was co-head of Digital Distribution for EMEA and helped build one of the industry’s most prominent digital wealth franchises, leading strategic partnerships with European digital investment platforms and playing a central role in efforts to expand retail investing through digital ecosystems.

MacLeod’s remit will be to lead State Street Investment Management’s international Direct Retail and Digital Wealth business, working with regional teams to accelerate platform partnerships, expand the firm’s ecosystem approach and strengthen the connection between digital wealth, ETF as a Service and the broader NextGen strategy, State Street said.

“The industry is changing, and changing rapidly. Platforms no longer want access only to products; they want the ability to build investment propositions – and therefore to create deeper relationships with their clients,” Andreetto said. “Against this backdrop, Henry has joined the team at the perfect time. His experience in building partnerships with some of Europe’s most important digital investment platforms will be invaluable as we accelerate our international Direct Retail and Digital Wealth strategy and continue to position State Street Investment Management as a partner for the next generation of wealth platforms.”