State Street Global Advisors Strengthens its Leadership Team
April 11 2016 - 10:48AM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
that it has strengthened its leadership team by appointing 25-year
industry veteran Cyrus Taraporevala as executive vice president and
global head of product and marketing. Taraporevala will also be
responsible for overseeing the post-merger integration program for
the recently announced acquisition of GE Asset Management.
Taraporevala, age 49, will report to SSGA President and Chief
Executive Officer Ron O’Hanley. He joins the firm from Fidelity
Investments where he most recently led their Retail Managed
Accounts and Life Insurance & Annuities businesses. Previously,
he led the product function for all of Fidelity’s retail and
institutional investment strategies. Taraporevala has also held
leadership roles at BNY Mellon Asset Management, Legg Mason,
Citigroup Global Investment Management and McKinsey & Company
where he served as a partner in the Financial Institutions
practice. Taraporevala has also been involved in all aspects of
mergers & acquisitions, including co-leading the Legg
Mason-Citigroup Asset Management Post-Merger Integration
Program.
“Asset management product development and marketing continue to
quickly evolve, including advances in data and analytics, growing
client demand for more actionable thought leadership and rapid
product innovation – particularly in the ETF market,” said
O’Hanley. “Cyrus’ deep financial industry expertise and experience
will enable us to better respond to these changes to drive better
outcomes for our clients and take advantage of new market
opportunities.”
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide access to
markets and asset classes, and allow us to deliver expert insights
and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2 trillion as of December 31,
2015. AUM reflects approx. $22.0 billion (as of December 31, 2015)
with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
2016 State Street Corporation - All Rights Reserved
CORP-1898 Expiration Date: 04-30-2017
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State Street CorporationAnne McNally, +1
617-664-8576aemcnally@StateStreet.com
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