State Street named Michael Walsh, current head of WM Performance Services, to succeed John Corcoran as managing director and head of State Street’s business in Scotland. Walsh will stay on with WM, which State Street acquired at the beginning of 2003.
The institutional investor service provider also appointed Steve Wisson as senior vice president responsible for client integration within the company’s investment operations outsourcing group. Previous to his appointment he lead global operations for AXA Investment Managers.
“Michael has done a terrific job in his role with WM, and I am confident that he can build upon the incredibly strong foundation John has helped build in Edinburgh, said Jeff Conway, senior vice president and head of State Street’s investment servicing business in Northern Europe.
“Steve brings more than 20 years of middle- and back-office experience to his new position, and his expertise and broad market acumen will help solidify State Street’s position as the market leader in the outsourcing field,” Conway added.