State Street Global Advisors’ Lynn Blake to Succeed Paul Brakke as Head of Index Equity
May 12 2010 - 9:30AM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
that Lynn Blake, a 23-year SSgA veteran will assume the role as
global head of Index Equity following the retirement of Paul
Brakke, 53, senior managing director and head of the Global
Structured Products Group at the end of the year.
Blake, 45, who will report to Rick Lacaille, global chief
investment officer for SSgA, will assume the leadership role from
Brakke who plans to retire on December 31, 2010 after nearly two
decades at State Street Global Advisors.
“This is a seamless transition from one indexing industry
veteran to another,” said Lacaille. “Lynn and Paul have worked
side-by-side in SSgA’s Global Structured Products Group for almost
two decades building a strong team and delivering solutions for our
clients. Lynn is a seasoned professional who is a passionate
advocate for index management—a cornerstone of SSgA’s business.
We’re confident in her ability to leverage the team’s seasoned
professionals and global resources to ensure that SSgA remains at
the forefront of innovation in indexation.”
Blake joined SSgA in 1987 and has held several senior positions
within the organization, most recently head of non-US markets in
the Global Structured Products Group. She has also served as a
portfolio manager for several non-US index equity portfolios. A CFA
charter member, Blake is also a member of SSgA’s Senior Management
Group and Fiduciary Review Committee.
SSgA has decades of experience providing index equity solutions
that can track almost any benchmark. Its strategic advantages are
reflected by five core strengths—experience, breadth, flexibility,
internal liquidity, and size. Today, SSgA’s Global Structured
Products Group manages US $682 billion in index equity assets.
About State Street Global Advisors
State Street Global Advisors, investment management business of
State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With $1.9
trillion in assets under management at March 31, 2010, State Street
Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto and
Zurich, and offices in 27 cities worldwide. For more information,
visit State Street Global Advisors at www.ssga.com.
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