State Street may roll out more ETFs linked to star managers

April 6, 2015 4:23 PM

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BOSTON, April 6 (Reuters) - Ron O'Hanley, the new leader of State Street's $2.45 trillion asset management division, says he will look closely at expanding the bank's stable of bond-related products as exchange-traded funds run by rivals Vanguard and BlackRock have been more dominant in attracting investor money.

The 58-year-old O'Hanley started his new job as the head of State Street Global Advisors (SSgA) on Monday. A former top executive at Fidelity Investments, O'Hanley replaces SSgA CEO Scott Powers, 56, who will help with the transition after overseeing several years of robust growth in the division.

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