State Street Global Advisors Further Expands Fixed Income Leadership Team
October 18 2011 - 12:21PM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
the appointment of Catherine Powers as managing director and head
of Fixed Income Alpha Strategies for North America.
Powers joins SSgA from Standish Investment Management
(“Standish”) where she most recently led the insurance client
strategies group with a focus on customized fixed income solutions.
In her 23 years at Standish, she held numerous roles including
fixed income trader, head of the Structured Finance team and senior
portfolio manager for actively managed core and core plus
portfolios.
Powers reports to Bill Street, global head of Fixed Income Alpha
Strategies. In her new role, she will manage SSgA’s fixed income
alpha strategies portfolio managers based in the US and Canada.
Commenting on this appointment, Street said, “Critical to our
success is the ability to deliver high-quality investment
performance and create innovative investment products, and much of
that is driven by organizational talent. Cathy brings nearly 30
years of investment experience and a proven talent for managing
successful teams. We are thrilled to have her join our global Fixed
Income team.”
Powers earned her B.A. from the College of the Holy Cross and
holds a CFA designation.
SSgA also announced that Sandeep Bhatia will assume the role of
head of Fixed Income Alpha Strategies for Europe Middle East and
Africa (EMEA). Bhatia, who was most recently a senior portfolio
manager specializing in credit markets, joined SSgA in 2010 from
UBS Global Asset Management, where he spent fourteen years as a
portfolio manager.
He will also report to Street, and will oversee the Fixed Income
Alpha Strategies portfolio managers based in the UK and Europe.
“Sandeep has deep experience in the credit markets having
managed investment grade, high yield, structured credit and credit
derivative strategies,” said Street. “We’re pleased to expand his
management role as we continue to strengthen our fixed income
capabilities.”
Bhatia graduated from the University College London, where he
earned a BSc (Hons) Economics, and Warwick University, where he
earned a post-graduate degree in Economics and Finance.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors
worldwide for its disciplined investment process, powerful global
investment platform and access to every major asset class,
capitalization range and style. SSgA is the asset management
business of State Street, one of the world’s leading providers of
financial services to institutional investors.
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