State Street Global Advisors Moves to Strengthen Its International Organization and US Intermediary Distribution
October 09 2006 - 8:21AM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT), today announced a series
of organizational changes aimed at advancing its sales and client
infrastructure in Europe and sales efforts in the U.S. Intermediary
market. Bill Hunt, president and chief executive officer of SSgA
said: �Today we are the largest institutional investment manager in
the world. Our more than 1,600 colleagues around the globe can be
extremely proud of that achievement. We are steadfastly committed
to building on this accomplishment with an even sharper focus on
investment performance, client relationships and innovation.� In
support of this commitment and the considerable growth that SSgA
has experienced in its non-U.S. business over the past few years,
Mark Lazberger, has been named president of SSgA�s international
business. �Mark has had considerable impact in growing our global
businesses over the past decade, first in Asia Pacific and now in
Europe. This newly created position reflects the growing importance
of SSgA�s international businesses and Mark�s significant
contributions towards those ends,� said Hunt. Kanesh Lakhani has
been appointed managing director of SSgA�s U.K. business reporting
directly to Lazberger. As head of European marketing and consultant
relations for the past nine years, Lakhani has advanced key
relationships with the consultant community and has led a winning
sales team that has grown mandates at a significant pace over the
past decade. In the last year alone, the team won more than 80
mandates from new clients. Lakhani joined SSgA in 1997. �Kanesh�s
dedication to this organization, his passion for success, and
proven leadership of a team that has consistently outperformed in
winning new business are among the qualities that make him well
suited to take our business here to the next level,� said
Lazberger. Lakhani assumes his new role from Paul Duncombe, who is
leaving State Street Global Advisors to pursue other opportunities.
Mike Wilson, who currently heads SSgA Ventures, the firm�s private
equity initiative, is returning from Tokyo to London to assume
responsibility for relationship management for the group�s top
European clients reporting locally to Mark Lazberger. Mike has
extensive experience in sales and the investment management
business, having managed State Street sales across the U.K.,
Europe, the Middle East and South Africa. He will also retain
responsibility for SSgA Ventures, which will continue to report to
Hunt. Supporting SSgA�s continued focus on global expansion, Andrew
Astley has been appointed chief operating officer for Europe.
Previously based in Boston, as head of new product development at
SSgA, Astley will be responsible for pan-European product
development, investment operations, finance, compliance, legal and
information technology. Greg Ehret, who most recently co-headed
SSgA�s sales of exchange-traded funds, mutual funds and separately
managed accounts, has relocated from Boston to London to lead all
sales and distribution throughout Europe as well as operations in
Brussels, Dubai and Italy. Astley and Ehret will report to
Lazberger. In the U.S., SSgA has been a leading provider of
investment solutions to institutional clients for nearly 30 years.
Using that foundation of investment skill, SSgA has also been very
successful in the intermediary market. To strengthen that momentum,
Tony Rochte has joined SSgA from Barclays Global Investors to head
U.S. Intermediary sales and client service, including the
distribution of exchange-traded funds, mutual funds, and separately
managed accounts. He will report to Marc Brown, chief marketing
officer. Rochte was national sales manager for iShares for the past
six years. �Tony�s experience will be paramount to our efforts to
further develop our intermediary distribution success,� said Brown.
Jim Ross, senior managing director, who together with Greg Ehret
has led SSgA�s recent advances with ETFs and in the intermediary
market, will continue to oversee new product development in this
space. Jim is a pioneer in the ETF industry, having worked on the
very first ETF, the SPDR. With Tony Rochte�s arrival, Greg Ehret�s
transition to Europe, and Jim Ross� deep expertise, SSgA is well
positioned globally for further success in these market segments.
�These new organizational alignments and additions position SSgA to
meet the increasingly complex challenges of our clients and remain
at the forefront of global growth and innovation,� said Hunt. About
State Street Global Advisors State Street Global Advisors, the
investment management arm of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.5
trillion in assets under management as of June 30, 2006, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at www.ssga.com.
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT), today announced a series
of organizational changes aimed at advancing its sales and client
infrastructure in Europe and sales efforts in the U.S. Intermediary
market. Bill Hunt, president and chief executive officer of SSgA
said: "Today we are the largest institutional investment manager in
the world. Our more than 1,600 colleagues around the globe can be
extremely proud of that achievement. We are steadfastly committed
to building on this accomplishment with an even sharper focus on
investment performance, client relationships and innovation." In
support of this commitment and the considerable growth that SSgA
has experienced in its non-U.S. business over the past few years,
Mark Lazberger, has been named president of SSgA's international
business. "Mark has had considerable impact in growing our global
businesses over the past decade, first in Asia Pacific and now in
Europe. This newly created position reflects the growing importance
of SSgA's international businesses and Mark's significant
contributions towards those ends," said Hunt. Kanesh Lakhani has
been appointed managing director of SSgA's U.K. business reporting
directly to Lazberger. As head of European marketing and consultant
relations for the past nine years, Lakhani has advanced key
relationships with the consultant community and has led a winning
sales team that has grown mandates at a significant pace over the
past decade. In the last year alone, the team won more than 80
mandates from new clients. Lakhani joined SSgA in 1997. "Kanesh's
dedication to this organization, his passion for success, and
proven leadership of a team that has consistently outperformed in
winning new business are among the qualities that make him well
suited to take our business here to the next level," said
Lazberger. Lakhani assumes his new role from Paul Duncombe, who is
leaving State Street Global Advisors to pursue other opportunities.
Mike Wilson, who currently heads SSgA Ventures, the firm's private
equity initiative, is returning from Tokyo to London to assume
responsibility for relationship management for the group's top
European clients reporting locally to Mark Lazberger. Mike has
extensive experience in sales and the investment management
business, having managed State Street sales across the U.K.,
Europe, the Middle East and South Africa. He will also retain
responsibility for SSgA Ventures, which will continue to report to
Hunt. Supporting SSgA's continued focus on global expansion, Andrew
Astley has been appointed chief operating officer for Europe.
Previously based in Boston, as head of new product development at
SSgA, Astley will be responsible for pan-European product
development, investment operations, finance, compliance, legal and
information technology. Greg Ehret, who most recently co-headed
SSgA's sales of exchange-traded funds, mutual funds and separately
managed accounts, has relocated from Boston to London to lead all
sales and distribution throughout Europe as well as operations in
Brussels, Dubai and Italy. Astley and Ehret will report to
Lazberger. In the U.S., SSgA has been a leading provider of
investment solutions to institutional clients for nearly 30 years.
Using that foundation of investment skill, SSgA has also been very
successful in the intermediary market. To strengthen that momentum,
Tony Rochte has joined SSgA from Barclays Global Investors to head
U.S. Intermediary sales and client service, including the
distribution of exchange-traded funds, mutual funds, and separately
managed accounts. He will report to Marc Brown, chief marketing
officer. Rochte was national sales manager for iShares for the past
six years. "Tony's experience will be paramount to our efforts to
further develop our intermediary distribution success," said Brown.
Jim Ross, senior managing director, who together with Greg Ehret
has led SSgA's recent advances with ETFs and in the intermediary
market, will continue to oversee new product development in this
space. Jim is a pioneer in the ETF industry, having worked on the
very first ETF, the SPDR. With Tony Rochte's arrival, Greg Ehret's
transition to Europe, and Jim Ross' deep expertise, SSgA is well
positioned globally for further success in these market segments.
"These new organizational alignments and additions position SSgA to
meet the increasingly complex challenges of our clients and remain
at the forefront of global growth and innovation," said Hunt. About
State Street Global Advisors State Street Global Advisors, the
investment management arm of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.5
trillion in assets under management as of June 30, 2006, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at www.ssga.com.
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