State Street Corporation has appointed Richard F. Lacaille to the newly-created role of senior investment advisor and has promoted Lori Heinel to global chief investment officer for State Street Global Advisors.

In his new role, Lacaille will provide enterprise-wide leadership of the company’s environmental, social and governance (ESG) solutions, services and thought leadership across all of State Street’s businesses. Lacaille will report to Ronald O’Hanley, chairman and chief executive officer of State Street Corporation.

Heinel, who joined State Street Global Advisors in 2014 as chief portfolio strategist and has served as deputy global chief investment officer since 2016, will assume the role of global chief investment officer.

In her role, Heinel will oversee the full spectrum of industry-leading investment capabilities from index funds and ETFs to active, multi-asset class solutions and alternative investments. She will lead an investment team of more than 600 professionals globally. Heinel will report to Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors.

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