State Street Global Advisors Strengthens Global Active Quantitative Equities Team, Promotes Olivia Engel to Deputy Chief Inve...
February 16 2017 - 10:00AM
Business Wire
Award Winning Manager to Continue to Drive Innovative
Strategy, Building on Success Globally
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), has announced that Olivia
Engel has been appointed to the newly-created role of deputy chief
investment officer for its Global Active Quantitative Equities
(AQE) team. Engel, who currently serves as SSGA’s head of Active
Quantitative Equity in the Asia Pacific region, will relocate from
Australia to Boston in March to take up her new role where she will
work alongside veteran Ted Gekas, chief investment officer of the
Active Quantitative Equities team at SSGA, before his planned
departure at the end of the calendar year.
Engel’s role will combine her current responsibilities,
including global oversight of all benchmark-unaware strategies
(portfolios that are not constructed relative to benchmarks), with
expanded responsibilities for oversight of the broader AQE research
agenda, portfolio management and product innovation. Engel has
directed all of State Street Global Advisors’ global
benchmark-unaware strategies since 2013 and has generated
impressive return and risk outcomes, raising more than $2 billion
in assets as of December 31, 2016.1
“In today’s market environment, heavily influenced by macro
events and political uncertainty, investors are seeking innovative
strategies that can exploit the breadth of the investment
universe,” said Rick Lacaille, chief investment officer at State
Street Global Advisors. “I am confident that in Olivia’s expanded
role she will build upon the great success she has had at SSGA. Her
strong leadership skills and extensive knowledge of the active
quantitative equity space and the challenges facing our clients
today make her a natural fit to step into this role.”
Prior to joining State Street Global Advisors in Australia six
years ago, Engel held senior-level investment management positions
at GMO, Colonial First State Global Asset Management and
Commonwealth Investment Management.
“I’m thrilled to lead this team globally for SSGA,” said Engel.
“Growing inflows to our benchmark-unaware strategies demonstrate
that investors are exploring alternative ways of constructing
portfolios to achieve efficiency with their fee budget and low
redundancy across their equity investments. We have created
solutions for clients right across the active risk spectrum to
enable them to build portfolios that match their overall investment
objectives, whether it be an absolute, or benchmark relative
goal.”
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 $2.47 trillion as of December
31, 2016. AUM reflects approx. $30.62 billion (as of December 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
Investing involves risk including the risk of loss of
principal.
The information provided does not constitute investment advice
and it should not be relied on as such.
All information has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. There is no
representation or warranty as to the current accuracy, reliability
or completeness of, nor liability for decisions based on such
information and it should not be relied on as such.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-2462
Expiration date - 02/28/2018
1 SSGA, as of 12/31/16
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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