State Street replaces fixed-income CIO

Investment chief quits the $1.7 trillion fund manager after restructuring fixed-income strategies

The chief investment officer for fixed income at State Street Global Advisors, who was appointed in 2007 as the fund manager restructured to address underperformance, is to leave the firm.

SSgA said in a statement yesterday that Mark Marinella has resigned from the company to pursue other opportunities.

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