State Street Global Advisors (SSGA), the asset management arm of State Street, has appointed Greg Ehret as its new president.

Ehret, who has been associated with SSGA since 20 years, previously held executive roles in operations, sales and product development, which includes co-head of the firm’s ETF unit.

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He headed SSGA’s EMEA business between July 2008 and September 2012.

In the new role, Ehret will manage SSGA’s client facing, product and marketing, operations as well as infrastructure teams, heading execution of non-investment aspects of strategy.

He will also continue to leverage SSGA’s global footprint, scale and talent to broaden the range of capabilities for clients.

He will continue reporting to SSGA CEO Ron O’Hanley.

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Commenting on the appointment, O’Hanley said: "What has been obvious to me since I arrived at SSGA is the respect that Greg has across all levels of the organization, the passion with which he approaches what he does and the commitment he has to our clients.

"Having led teams both here in the US and Europe in his more than two decades at SSGA, Greg has a broad understanding of what our clients need to succeed. His leadership is felt throughout SSGA and will be instrumental as we advance our strategy."