State Street announced yesterday that Timothy B. Harbert, chairman and CEO of State Street Global Advisors, had died of a heart attack the previous night.
“Tim’s passion and energy were a driving force in the success of State Street Global Advisors. We have lost a friend and colleague,” said Ronald E. Logue, chairman and CEO of State Street Corporation. “Our thoughts and prayers are with Tim’s family.”
Alan Brown, group chief investment officer and Peter Leahy, chief operating officer, have been appointed interim co-heads of State Street Global Advisors. They will report directly to Ron Logue.