The newly created role combines sales, product, marketing and operations functions to strengthen client service and organizational effectiveness .

Most recently, Ehret served as head of SSgA’s EMEA business based in London since 2008. Prior to this role, he was head of sales and distribution for SSgA in EMEA, with responsibility for operations in Brussels, Milan, and Dubai.

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Ehret has joined State Street in January 1993 and has held a range of senior level positions in operations, sales, marketing and product development including as co-head of the firm’s industry leading ETF business.

SsgA president and CEO Scott Powers said: "Greg has gained considerable insight into the needs of our clients. In this new role he can help sharpen and advance our competitive advantages as well as accelerate our ability to meet our strategic objectives."

Mike Karpik, senior managing director, will replace Ehret’s as head of EMEA.

Earlier this year Karpik was appointed as head of SSgA’s UKMEA and Ireland business in addition to his head of investment role. He has joined SSgA in 1998 and in 2009 he was named head of Investments for EMEA based in London.

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Karpik is chairman of the board for State Street Global Advisors Limited and a member of both State Street Global Advisors Ireland and France boards. He also serves on a number of SSgA fund boards in the UK, Ireland and France.

Karpik has 25 years of experience in this industry, having spent the past 14 years with SSgA.