Global asset manager PineBridge Investments has appointed Michael Karpik as chief operating officer.
Mr Karpik will be directly responsible for the firm’s global operations, finance, compliance, risk management, product management, funds, and technology functions. He will be based in PineBridge’s New York City headquarters and will report to chief executive Gregory Ehret.
“Mike’s skill set and experience are a great fit for PineBridge,” said Mr Ehret. “As we continue to grow and evolve as a firm, we are focused on having a strong and scalable operational infrastructure that keeps pace with our progress, anticipates our clients’ needs, and addresses the challenges ahead.”
Mr Karpik brings 30 years of industry experience, most recently as EMEA chief executive for State Street Global Advisors (SSGA), where he had overall responsibility for their investment management business in the region.
Additionally, he served in chairman and chief executive roles across their UK, France, and Ireland entities and has significant investment, fund product, and governance experience.
He also held roles in Europe as head of investments; chief operating officer; head of UK, Ireland, and Middle East; global head of cash investments; and EMEA head of cash investments. Prior to SSGA, he was at Sallie Mae in Washington, DC, as senior funding manager.
As of 30 September 2017, the firm manages $88.6 billion across global asset classes for sophisticated investors around the world.