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Laxman Pai, Opalesque Asia:

Rob Baillie was named head of State Street Corp. (STT)'s asset-owner business team for North America.

Baillie assumes this newly created leadership role in addition to his current responsibilities leading State Street's businesses in Canada, where the company is the leading servicer of pension funds and asset managers.

Baillie will report to John Lehner, State Street's head of global services and its global asset management segment.

In this new role Baillie will be responsible for advancing an integrated, strategic partner approach to the firm's Asset Owner clients across North America. He will also drive service enhancements and solution development in support of State Street's pension fund and endowment clients.

Baillie will work closely with Ian Martin, who was appointed global head of State Street's overall Asset Owner segment team earlier this year, to ensure clients in North America are receiving the benefits of global best practices, services, insights and thought-leadership.

"Our Asset Owner clients are operating under the same, if not even tougher, constraints and challenges as the rest of the investment management industry," said John Lehner.

Baillie is an industry veteran with more than 25 years' experience in investment servicing with a particular focus on asset owners. He joined State Street six years ago.

Baillie's appointment is the latest in a series of enhancements State Street has made ......................

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