State Street Global Advisors Appoints Head of UK Defined Contribution
November 08 2012 - 8:00AM
Business Wire
State Street Global Advisors (SSgA), the asset management
business of State Street Corporation (NYSE: STT), today announced
the appointment of Nigel Aston to managing director and head of UK
defined contribution (DC).
In this newly created position based in London, Mr. Aston will
report to Susan Raynes, senior managing director and head of UK,
Middle East and Africa and Fredrik Axsater, managing director and
global head of defined contribution.
Commenting on the appointment, Raynes said: “SSgA’s commitment
to bringing new thinking and comprehensive solutions to the growing
needs of DC schemes is precisely why we are delighted to welcome
Nigel to the team. Nigel has honed his DC and corporate pension
expertise for more than 20 years and is a well recognised leader in
the industry. Nigel’s strong client service background combined
with his experience in leading sales teams and driving product
development aligns well with SSgA’s dedication to building
strategic relationships with DC schemes to help them deliver
effective, comprehensive solutions for future retirees.”
Axsater added: “Nigel’s appointment is a significant milestone
for SSgA as we broaden our DC offering in the UK market. The
transformative trend within the global retirement landscape as DC
assets outpace DB assets1 signals a vital need to understand how
self-funded pension schemes can meet the needs of future retirees.
Nigel shares SSgA’s commitment to bringing innovative solutions to
DC schemes—from investment solutions to plan design and member
communications.”
Prior to joining SSgA, Mr Aston was a business development
director with data company DCisions, responsible for sales and
marketing, long-term commercial relationships, and product and
service delivery. He was the key company liaison with industry,
government and regulatory bodies. His experience also included head
of strategy and propositions at Standard Life where he was
responsible for defining and executing the firm’s DC pensions
strategy and a number of roles at AXA including investment strategy
director and key account director within its corporate benefit
solutions division. He began his career at Sun Life as senior sales
consultant. Nigel holds a bachelor’s degree in English literature
from the University College of Wales, Aberystwyth.
SSgA manages DC assets of more than US$235 billion globally.
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 Corporation, one of the world’s leading
providers of financial services to institutional investors.
1 Source: McKinsey Retirement Practice, estimated figures.
INFORMATION
State Street Global Advisors Limited. Authorised and regulated
by the Financial Services Authority. Registered in England.
Registered No. 2509928. VAT No. 5776591 81. Registered office: 20
Churchill Place, Canary Wharf, London, E14 5HJ - Telephone: 020
3395 6000 - Facsimile: 020 3395 6350 - Web: www.ssga.co.uk
This communication is directed at professional clients (this
includes eligible counterparties as defined by the Financial
Services Authority) who are deemed both knowledgeable and
experienced in matters relating to investments. The products and
services to which this communication relates are only available to
such persons and persons of any other description (including retail
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Investing in the Managed Pension Fund is effected by means of an
insurance policy written by Managed Pension Funds Limited, a member
of the State Street group of companies. This document should not be
construed as an invitation or inducement to engage in investment
activity. The Managed Pension Fund is available to pension schemes
(including overseas schemes) registered with HM Revenue and Customs
for the purposes of Chapter 2 of Part IV of the Finance Act 2004.
This document should therefore only be circulated to the Trustees
of such schemes and their advisers who are deemed to be
professional persons (this includes professional clients and
eligible counterparties as defined by the Financial Services
Authority). It should not be circulated to or relied upon by any
other persons. In particular scheme members should consult with
their employer or scheme trustee. Please note that neither State
Street Global Advisors Limited or Managed Pension Funds Limited
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maturity may be subject to a substantial gain or loss.
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