Jim Ross Named Chairman of New Global SPDR® Business and
Industry Veterans Nick Good and Rory Tobin Named Co-Heads
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
that it has strengthened its ETF business globally through new
roles for several leaders and by unifying distribution and
infrastructure accountability under a new Global SPDR business.
Jim Ross, current head of SSGA’s SPDR ETF Business and
Intermediary Distribution, has been named chairman, Global SPDR and
SSGA Funds Management. Nick Good, current chief operating officer
of the North American Intermediary Business Group, and Rory Tobin,
current head of European Distribution, will now each become
co-heads of Global SPDR.
“Jim is already an important and influential thought leader in
the ETF industry and now he will be taking on an even more active
role in advancing our ETF strategy and shaping the global ETF
markets,” said Ron O’Hanley, president and chief executive officer
of SSGA.
“Nick and Rory are industry veterans who will now have executive
responsibility and accountability for Global SPDR,” added O’Hanley.
“Under this new structure and leadership team we can build on our
past success, while responding more quickly to client demands.”
“As ETF markets evolve globally and product innovation continues
to rapidly expand throughout the industry, investors now more than
ever need to strengthen their understanding of the long-term value
of ETFs,” said Ross. “SSGA has been a partner with our clients
since the early days of index investing, and I look forward to
spending more of my time sharing our point of view on how together
we will continue to shape better outcomes for investors.”
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSGA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Corporation. The funds
provide investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as
an industry pioneer, State Street created the first US listed ETF
in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the
forefront of responsible innovation, as evidenced by the
introduction of many ground-breaking products, including
first-to-market launches with gold, international real estate,
international fixed income, and sector ETFs. For more information,
visit www.spdrs.com.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping our clients, and those who rely on them,
achieve financial security. We partner with many of the world’s
largest, most sophisticated investors and financial intermediaries
to help them reach their goals through a rigorous, research-driven
investment process spanning both indexing and active disciplines.
With trillions* in assets, our scale and global reach offer clients
access to markets, geographies and asset classes, and allow us to
deliver thoughtful insights and innovative solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2 trillion as of March 31,
2016. AUM reflects approx. $33B (as of 3/31/2016) with respect to
which State Street Global Markets, LLC (SSGM) serves as marketing
agent; SSGM and State Street Global Advisors are
affiliated.
Important Information
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900
(c) 2016 State Street Corporation -- All rights Reserved
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.
Before investing, consider the funds' investment objectives,
risks, charges and expenses. To obtain a prospectus which contains
this and other information, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
Distributor: 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 SPDR ETFs. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR® S&P® 500,
SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average,
and all unit investment trusts. ALPS Portfolio Solutions
Distributor, Inc. is distributor for Select Sector SPDRs. ALPS
Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc.
are not affiliated with State Street Global Markets, LLC.
Not FDIC Insured • No Bank Guarantee • May Lose Value
CORP-1969
Exp. Date: 5/31/2017
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version on businesswire.com: http://www.businesswire.com/news/home/20160511006156/en/
State Street CorporationAnne McNally, +1
617-664-8576AEMcNally@statestreet.com
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