State Street Global Advisors Aligns Global Institutional Businesses
February 23 2017 - 2:01PM
Business Wire
Cyrus Taraporevala to Lead all Global Institutional Client- and
Consultant-Facing, Marketing and Product Functions
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE:STT), today announced that it has
appointed Cyrus Taraporevala, current Global Head of Product and
Marketing, to an expanded role overseeing all client- and
consultant-facing, marketing and product functions for
institutional clients across the Americas, EMEA and APAC.
“At State Street Global Advisors, our aspiration is to be the
first investment call for every institution and intermediary,” said
Ron O’Hanley, president and chief executive officer of State Street
Global Advisors. “In that spirit, in Cyrus’ new role he will be
responsible for ensuring we continue to improve and evolve the way
we serve our institutional clients and consultants, in all aspects
of what we deliver to them: from thought leadership, to distinctive
products, to engagement efforts that help them diagnose and solve
the complex financial challenges they face.”
“We have a great opportunity to leverage the vast scope,
expertise, and experience we possess as a result of our privileged
client relationships around the world,” said Taraporevala. “I look
forward to working with our regional leadership teams to ensure
that we are bringing to our clients best practices, while still
maintaining important regional market distinctions.”
Taraporevala joined State Street Global Advisors in April of
2016. In addition to leading the Global Product and Marketing team,
he also led the successful acquisition and integration of GE Asset
Management. Prior to joining State Street, Taraporevala worked at
Fidelity Investments, where he led the Retail Managed Accounts and
Life Insurance & Annuities businesses. Taraporevala has more
than 25 years of experience in asset management. Taraporevala
joined Fidelity from BNY Mellon Asset Management, where he was Head
of North American Distribution, as well as being responsible for
Global Marketing. Prior to his roles at BNY Mellon Asset Management
and Fidelity, Taraporevala helped to oversee Legg Mason's
institutional business, directed business strategy for Citigroup
Global Investment Management and was a partner in the Financial
Institutions practice of McKinsey & Company.
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.
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State Street CorporationAnne McNally, +1
617-664-8576AEMcNally@StateStreet.com
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