(Bloomberg) -- State Street’s asset management unit said Nick Good and Rory Tobin will take over management of the firm’s global exchange-traded funds business.

Good, who is chief operating officer of the North American Intermediary Business Group and Tobin, head of European distribution, will become co-heads of the business, the company said in a statement. They’ll replace Jim Ross, who becomes chairman.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.