State Street Global Advisors Appoints Six Senior Executives to Its Global Fixed-Income Leadership Team
February 14 2008 - 10:30AM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT), and the largest
institutional fund manager in the world, today announced the
appointment of six senior executives to its Global Fixed-Income
team. The appointment of three current SSgA executives and three
industry veterans new to the company puts in place a strong and
experienced senior team to lead the Global Fixed-Income
organization. The six executives will report to Mark Marinella,
SSgA�s newly appointed Global Fixed-Income CIO. �Today�s
announcement represents a significant step forward in our plan to
strengthen and enhance our fixed-income operations across research,
portfolio strategy and risk management,� said Marinella. �By
drawing on the experience and depth within SSgA and attracting
outstanding individuals to our organization, we have established a
talented and experienced group to lead our global fixed-income
activities.� The new team includes current SSgA executives John
Kirby and Kevin Anderson, who will co-lead Global Fixed-Income Beta
Solutions. Anderson also will co-lead European and Pan-Asian
regions with SSgA veteran William Street. Joining SSgA are William
Cunningham, who has been appointed Global Head of Credit Strategies
and Fixed-Income Research; Thomas Hagstrom, who has been appointed
Global Head of Fixed-Income Business Management; and Brett Wander
who has been appointed Global Head of Active Fixed-Income and Alpha
Strategies. �It�s gratifying to recognize John, Kevin and Bill for
the leadership they have demonstrated throughout their careers at
SSgA,� said Marinella. �And we welcome Bill, Tom and Brett to SSgA.
We know we will benefit from the wealth of knowledge and experience
they bring to our organization. � Marinella stated, �The entire
Global Fixed-Income team looks forward to working together with the
entire SSgA organization to provide our clients around the world
with products and services that will help them achieve their
investment objectives.� SSgA Global Fixed Income Leadership Team
Tom Hagstrom joins SSgA from RBS/Greenwich Capital, where he was
managing director and a founding member of the credit business.
Previously, he worked for State Street Research and Management
where he was head trader and member of the Fixed-Income Leadership
Group. His responsibilities there also included investment
management responsibilities in the Emerging Markets group. Earlier
in his career, Hagstrom held executive positions with Lehman
Brothers and Credit Suisse/First Boston. In his new role, Hagstrom
will have chief operating officer responsibilities, including
oversight of all processes, transactions and deliverables. Brett
Wander joins SSgA from Loomis Sayles, where he led that firm�s
fixed-income alpha strategies. He brings 20 years of alpha-driven
investment experience covering a variety of sectors within the
fixed income market. In his new role, Wander is responsible for
government, mortgage-backed, global, municipal, and
liability-driven fixed income investment strategies. Bill
Cunningham joins SSgA from State Street�s Global Markets group
where he worked to build a fixed-income broker/dealer effort. In
his new role, Cunningham is responsible for helping to expand
SSgA�s global fixed-income research. He is also responsible for
directing portfolio management efforts that involve specific active
pursuit of alpha in high-yield and investment-grade bonds. John
Kirby joined SSgA in 1995 and most recently has been vice president
and head of the Fixed-Income Index team. A 25-year veteran of the
investment management business, he has more than 15 years of
experience in the fixed-income markets. Kevin Anderson has headed
International Fixed-Income Beta Solutions for SSgA. Previously, he
managed the structured fixed-income team in London. Anderson joined
SSgA in 2001 from Schroders, where he was responsible for
fixed-income risk management and the development of quantitative
strategies. Bill Street most recently was head of International
Rates, with responsibility for leading the Active Rates teams in
London and the U.S., along with the Global Credit function. He
joined SSgA in 2007 from Unicredit, where he was head of fixed-
income and proprietary trading. As of December 31, 2007, SSgA
manages more than $259 billion in fixed income assets. SSgA�s
Global Fixed-Income team consists of more than 65 professionals
worldwide. About State Street Global Advisors State Street Global
Advisors, the investment management arm of State Street Corporation
(NYSE: STT), delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment
approach and style. With $2 trillion in assets under management as
of December 31, 2007, 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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