State Street Global Advisors Expands Intermediary Business with Key Appointments
June 02 2014 - 11:12AM
Business Wire
Growing Demand from Clients Fuels Need for Insights and
Solutions
State Street Global Advisors (SSgA), the asset management arm of
State Street Corporation (NYSE: STT), today announced five key
appointments in the firm’s intermediary business, which provides
products supporting wealth management professionals, including SPDR
ETFs and State Street mutual funds, for wirehouses, Registered
Investment Advisors (RIAs), private banks, family offices and
regional / independent broker dealers. The appointments will
bolster SSgA’s competency across its intermediary business, which
was created in 2001 to better access the firm’s deep institutional
experience and broad investment knowledge.
“These appointments enhance our capabilities and reflect our
commitment to invest in ways that support advisors so they can
achieve better outcomes for their clients,” said James Ross,
executive vice president, global head of SPDR ETFs, and head of US
intermediary distribution at SSgA. “We look forward to the teams’
contributions in providing advisors with solutions to meet the
expectations of their clients by offering differentiated products
and investment views that will help support their businesses.”
The recent appointments to the US intermediary business
include:
- Michael Arone, chief investment
strategist for the US intermediary business. Mike was head of
global and EMEA portfolio strategy at SSgA before this new
role.
- Ken Bossen, vice president and head of
US intermediary portfolio strategy and due diligence. Ken joins
SSgA from Morgan Stanley, where he managed the firm's ETF model
portfolio and country ETF focus list.
- Robert Forsyth, vice president and head
of strategic partnerships. Prior to this role, Robert was head of
exchange traded products and derivatives at UBS Wealth
Management.
- Mario Gallotto, vice president of
business intelligence. Mario joins SSgA from John Hancock
Investments, where he was managing director of business
intelligence.
- Brie Williams, vice president and head
of practice management. Brie joins SSgA from Putnam Investments
where she was responsible for marketing communications in support
of Putnam's global brand and retail mutual fund product line.
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 virtually 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.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
State Street Global Markets, LLC, member FINRA, SIPC, a wholly
owned subsidiary of State Street Corporation. References to State
Street may include State Street Corporation and its affiliates.
Certain State Street affiliates provide services and receive fees
from the SSgA Funds and SPDR ETFs.
"SPDR" is a registered trademark of Standard & Poor’s
Financial Services LLC ("S&P") and has been licensed for use by
State Street Corporation. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
or promoted by S&P or its Affiliates, and S&P and its
affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding units/shares in such
products. Further limitations and important information that could
affect investors' rights are described in the prospectus for the
applicable product.
IBG-11636
State Street CorporationElizabeth Bartlett, +1
617-662-2903www.statestreet.com@StateStreetorRiver
CommunicationsTroy Mayclim, + 1 914-686-5599
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