SSgA Appoints Managing Director

State Street Global Advisors (SSgA) appointed Mark Fortier as managing director and head of global defined contribution (DC) research and product development.

In the position, Fortier is responsible for developing products and solutions that anticipate plan sponsor needs, according to a statement from the company.

Fortier will work closely with the investment teams across SSgA to bring new defined DC products to market. He is based in Boston and reports to Fredrik Axsater, managing director and global head of defined contribution.

Fortier joins SSgA from Alliance Bernstein, where he most recently served as head of product and partner strategy. While there, he pioneered various large market lifetime DC income solutions.

Before Alliance Bernstein, Fortier worked at Aegon for more than 20 years across various roles. He holds a bachelor’s degree from Columbia University, an M.B.A from New York University and is a chartered financial analyst (CFA).

SSgA is the asset management business of State Street Corporation.