State Street Corporation has made two new appointments who will be responsible for continued outreach to the US public funds market.
Mark Doherty has been appointed vice president of State Streets institutional investor sales team and Michael Pettit has been named vice president of client management.
Doherty, who will be based in New York, joins State Street from NorthernTrust, where he was senior sales representative responsible for local andnational government entities and insurance companies. Prior to this role,he was a senior sales representative and relationship manager with Bank ofNew York for more than three years.
Prior to joining State Street, Pettit was a senior relationship manager atNorthern Trust covering public fund and Taft Hartley pension and healthplans for more than four years. Previous to this role, he spent more than a decade with Bankers Trust/Deutsche Bank in the client services group.Pettit will be based in Los Angeles.
“Michael and Mark are key additions to our growing public fund organisation. Their extensive experience and industry knowledge will help State Street expand its leadership position in this important market,” says Jay Carty, senior vice president and head of sales for State Streets institutional investor services team.