PineBridge Investments, a global multi-asset class investment manager, has hired Gregory A. Ehret as Chief Executive Officer, effective January 25, 2016.

Stephen Fitzgerald, Interim CEO, will continue to serve as Deputy Chairman, a role he has held since 2013.

Ehret joins PineBridge from State Street Global Advisors, the investment management arm of State Street Corporation, where he served as President and a member of the Executive Management Group.

Commenting in his appointment, Ehret said: “I have watched PineBridge develop its award-winning multi-asset platform and I am honored to lead such a distinguished team.”

“With its strong footprint in key markets across the globe, I am excited to engage with PineBridge’s investment groups as they structure and deliver leading products to the firm’s clients,” he added.

At State Street, Ehret was most recently responsible for global client outreach, product development, marketing, operations and technology, and was a member of the board of several operating entities and fund companies.

During a 20-year tenure at State Street, he held numerous management roles in the US and Europe.

He has a BA in Economics from Bates College and an MBA from Boston University.

John L. Thornton, PineBridge Chairman, said: “Greg is an industry veteran with an impressive track record of growing a global business across both developed and emerging markets. His leadership and operational expertise will position PineBridge to continue providing our clients with an integrated global perspective and a unique investment offering.”

PineBridge is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, equities, fixed income and alternatives.

PineBridge manages over $77.6bn in AUM worldwide as of September 30, 2015.