State Street Corp. said it had hired David Puth for a newly created post as head of the Boston company's investment research, securities, finance, and trading activities globally.
Mr. Puth, 51, is to report to Jay Hooley, State Street's president and chief operating officer. He also is to join State Street's operating group, Wednesday's announcement said. State Street supplies investment research and trading services to institutional investors in foreign exchange, equity, and fixed-income products.
Mr. Puth was a principal in the Eriska Group, an investment advisory and risk management consulting firm that he founded at the end of 2006. Before that, he had been a member of the executive committee at JPMorgan Chase & Co., where he also was on the investment bank's management committee and was head of global currency and commodities, sales, trading, and research.
State Street had $15.3 trillion of assets under custody and $1.9 trillion under management at June 30.