SSgA President Takes on Duties Within That Unit -- August 3, 2001
Nicholas Lopardo, vice chairman of
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 has worked closely together for more than a decade.
Nick hired Tim in 1987 to help build SSgA and they have worked side-by-side for the past 14 years, Grove said. He has played a huge role in SSgA's expansion overseas.
The firm will continue to use Harbert's international experience to drive SSgA's business abroad, said David Spina, chairman and ceo of
During Lopardo's tenure, SSgA soared from $18 billion to $727 billion in assets under management. In 1993, the firm launched the first ETF with the New York Stock Exchange.
