State Street Global Advisors (SSgA) has appointed the Bank for International Settlement Switzerland's Louis de Montpellier as its global head of its official institutions group (OIG).
De Montpellier will leave his position as former deputy head of banking – in which he was responsible for banking and asset management services since 2005 – to join SSgA at the end of September following John Nugée's retirement in October.
Nugée, who established the OIG at SSgA and helped build its assets under management to more than $400 billion, will continue on in an advisory capacity as strategic consultant for the OIG business and to provide research.
De Montpellier has over 25 years experience including expertise with public debt management, public asset management and private sector finance, at companies such as Morgan Stanley, the Ministery of Finance in Belgium, European Bank for Reconstruction and Development and Credit Suisse.
"His experience and knowledge will play an important role in helping us deliver relevant investment solutions for our clients and in sustaining our leading position in this important market segment," said SSgA head of Europe, Middle East and Africa, Michael Karpik.
