Karpik will be responsible for global operations, finance, compliance, risk management, product management, funds, and technology functions.
Based in PineBridge’s New York headquarters, Karpik will report to CEO Gregory Ehret.
Prior to PineBridge, Karpik was Europe, Middle East and Africa CEO for State Street Global Advisors from 2012 to 2017, where he was responsible for investment management business in the region.
Before State Street, Karpik was senior funding manager at Sallie Mae in Washington, DC from 1993 to 1997.
Karpik has also served as chairman and CEO in roles across the UK, France, and Ireland.
Ehret commented: “Michael Karpik’s skill set and experience are a great fit for PineBridge. 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.”
Commenting on his new role, Karpik said: “I’m thrilled to be joining PineBridge in this role. PineBridge is extremely well-positioned with a great selection of investment capabilities, a global distribution platform, and a company culture that is clearly focused on delivering for its clients.”