GLOBAL – State Street Global Advisors plans to grow its alternatives business “as fast as we can”, according to an interview with State Street chief executive Ron Logue in the Financial Times.

The paper quoted Logue as saying the aim is for the alternatives business “to grow as big as we can as fast as we can”.

And he told the paper that he wants SSGA to contribute more to the Boston-based bank’s profitability. “Today it is 13%,” he was quoted as saying. “I would like to see grow over time to somewhere between 20 and 25%.”

Logue was quoted saying he’d stepped in to limit SSGA’s move towards offering more fundamentally active strategies. He told the FT: “I stopped that – I don’t think the world needs another fundamental active manager.”

Last month Logue told a gathering for journalists that the bank’s business in Europe was growing three times as fast as in its home market. The company has around 4,500 employees in Europe.

Meanwhile SSGA has expanded its Benelux sales team, with three appointments.

Edgare Kerkwijk becomes sales director, Robert Rijlaarsdam was named senior relationship manager and Marie-Anne Heeren is appointed sales associate.

Kerkwijk joins from Rabobank International. Rijlaarsdam was most recently served as general manager for State Street’s WM Performance Services in Amsterdam. Heeren was previously at JP Morgan in Brussels.

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