Opalesque Industry Update - SSARIS Advisors, LLC, an affiliate of State Street Global Advisors - the investment management division of State Street Corporation, has appointed Paul Lucek as CEO, effective January 1, 2014. Paul succeeds Mark Rosenberg, who will relinquish his role as CEO at the end of this year. In addition to the role of CEO, Paul will maintain his current responsibilities as CIO of SSARIS’ Hedge Fund Group.|
Rob Covino has been named president of SSARIS, in addition to his existing responsibilities as head of business development. Paul and Rob are uniquely qualified for their leadership roles at SSARIS, having been at the firm for nearly 20 years combined. They are deeply knowledgeable about the investment process and the client base served by SSARIS.
Along with Scott Powers, SSgA President and CEO, Mark will stay on as co-chairman of the SSARIS Board of Directors through 2014 in order to allow for a smooth transition of leadership, as well as providing investment expertise and strategic advice. The strong team in place at SSARIS is well positioned to continue to serve its clients well in delivering strong absolute return strategies. SSARIS is a cornerstone to SSgA’s and SSARIS’ commitment to offering alternative investment strategies to its clients.