New State Street Unit Seeks Business Abroad

State Street Bank and Trust Co. has set up a separate division to seek business in developing countries.

The unit of State Street Boston Corp. has appointed investment veteran John R. Snow to oversee SSGA Global Alliance, a new unit of State Street Global Advisers, the company's international asset management arm. His responsibility is to help capture more assets abroad. State Street's investment arm manages nearly $300 billion for institutional and individual investors.

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