State Street Corp. of Boston has hired Edward G. "Ned" Riley Jr., who was chief investment officer at the former BankBoston Corp., to help build its equity investment and management group.

Mr. Riley, 55, is to join the global fundamental strategies group at State Street's Global Advisors unit next Monday. As chief investment strategist, a newly created post, he is to help oversee $18 billion of assets for institutions, foundations, charitable organizations, and high-net-worth customers.

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