Nicholas Lopardo, vice chairman of State Street Corp. and CEO of State Street Global Advisors (SSgA), retired last week after 14 years. Timothy Harbert, president of SSgA, has taken over Lopardo's duties. It was unclear whether Harbert will continue to serve as president.

State Street spokeswoman Hannah Grove would not disclose whether Lopardo influenced or directed Harbert's appointment, but she said the pair worked closely together for more than a decade.

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