State Street Corporation (NYSE: STT) has appointed Andrew Allright as CEO of InfraHedge, the firm’s dedicated managed account business.

Allright (pictured), has been with InfraHedge since it launched in 2011 and has played a key role in growing the business to become the global leader in servicing managed accounts. With more than USD30 billion of client assets, InfraHedge designs, builds and operates dedicated, customised platforms for institutional investors to effectively manage their third-party investment programs.
 
“The InfraHedge business has shown tremendous growth over the last few years,” says George Sullivan, global head of State Street’s Alternative Investment Solutions business. “I look forward to Andrew and his team driving it through the next stage of its development by taking advantage of the attractive market environment. Managed accounts are increasingly becoming the preferred choice for institutional investors, and we have great confidence in the attractiveness of our platform business which has been designed since inception to focus entirely on the needs of investors in order to help generate the best possible outcomes.”
 
Allright will continue to lead a longstanding team comprising Ravi Raman, chief operating officer, as well as new hires including Robert Vanderpool, president of InfraHedge North America, and Lizzy Buss, head of EMEA and APAC business development.