State Street Global Advisors, the investment management arm of State Street Corp., has announced the promotion of Richard Lacaille to global chief investment officer.

Mr. Lacaille is to manage State Street Global's team of asset-class chief investment officers, including the currency, fixed-income, asset allocation, cash, and equities categories, the company said on Monday. He also is to oversee the company's research and trading. He will remain based in London and report to Scott Powers, the president and chief executive officer of State Street Global.

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