Ronald O’Hanley will become the new president and CEO of State Street Global Advisors (SSGA) at the beginning of April.
He succeeds Scott Powers, who intends to retire later this year after more than seven years leading the firm and three decades in the investment management industry.
O’Hanley and Powers will work together over the next several months to ensure a smooth transition of responsibilities. O’Hanley will also join the company’s management committee.
He has nearly 30 years of experience in leadership roles within the industry and most recently served as president of Asset Management & Corporate Services for Fidelity Investments.
Prior to joining Fidelity, O’Hanley spent 13 years in leadership positions at Mellon Bank and Bank of New York Mellon.
He also worked for McKinsey & Company between 1986 and 1997. While there, he founded the investment management practice worldwide and was co-founder and co-leader of the firm’s North American personal financial services practice.
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