State Street's Monica Fan Leaves After Two Years At Firm
March 29 2011 - 11:07AM
Dow Jones News
State Street Global Advisors currencies veteran Monica Fan has
left for pastures new.
Ms. Fan, a well-known London-based foreign-exchange portfolio
manager at SSGA, the investment management arm of State Street
Corp., left her role a few weeks ago, according to a spokeswoman
for the company. It isn't clear where she is headed. Ms. Fan
couldn't be immediately reached to comment.
State Street, a custody bank that facilitates currency trades,
is facing allegations that it overcharged some pension funds and
other clients. The firm has denied the allegations and is fighting
a lawsuit by the State of California.
For Ms. Fan, the departure is the latest in a decade-plus career
in currencies, fixed income and asset allocation. Ms. Fan joined
SSGA in early 2009 as a senior currency product engineer. She was
previously global head of foreign exchange strategy at RBC Capital
Markets, also in London. She has also worked at Bank of America,
UBS AG and J.P. Morgan & Chase Co.
-By Neil Shah; Wall Street Journal; 212-416-2619;
neil.shah@wsj.com
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