State Street Global Advisors Announces New Leadership for Global Equities and Multi-Asset Class Solutions
June 02 2010 - 2:20PM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
the appointment of Alistair (Ali) Lowe as global equities chief
investment officer. Lowe assumes his new role from Arlene
Rockefeller, who is retiring from SSgA after almost 30 years with
the firm.
In his new position, Lowe will direct SSgA’s active and enhanced
equity teams globally in the development and management of
quantitative active and enhanced equity strategies. Lowe, who
previously served as the CIO for Multi Asset Class Solutions, will
report to global chief investment officer, Rick Lacaille. Dan
Farley has been named global head of investments for Multi Asset
Class Solutions replacing Lowe.
“With 25 years experience in the investment management field,
Ali brings a strong combination of investment experience,
leadership, and a track record of innovation to this role and I’m
extremely confident in his ability to lead global investment teams
and take our equities business to the next level,” said Lacaille.
“Dan’s extensive experience in asset allocation as well as his
tenure on the Multi Asset Class Solutions team will aid in a smooth
leadership transition.”
SSgA is one of the leading managers of quantitative equity
investments and today manages $86 billion1 in active and enhanced
equity portfolios with a quantitative investment approach.
“We remain steadfast in our belief in the advantages of a quant
approach and in its ability to present compelling investment
opportunities for our clients,” said Lacaille. “We have a long
history and track record of managing risk-controlled strategies and
we aim to continue our focus on offering our clients the latest in
equity investing innovation.”
Lowe joined SSgA in 1996 and has also served as head of currency
and as head of the Investor Solutions group which specializes in
tax-efficient management and implementation of active equity
strategies. He has been instrumental in contributing to the design
and management of liability driven investments, portable alpha and
other overlay strategies.
Farley has extensive investment experience and has been with
SSgA for 18 years, most recently as head of the US Multi Asset
Class Solutions team. He has also served as a senior portfolio
manager and has assisted clients in the development of strategic
investment policy and managing tactical and strategic asset
allocation portfolios. Farley is a frequent speaker on the topics
of asset allocation, liability driven investments and investment
management for endowments and foundations.
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 $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.
1 As of March 31, 2010
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