State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE: STT) today announced
the appointment of Kathryn Sweeney as head of SPDR Americas
Institutional sales, reporting into Nick Good, co-head with Rory
Tobin of the global SPDR business. Sweeney will be responsible for
defining and leading the execution of the SPDR Americas
Institutional Sales Strategy in the Americas. Sweeney will also be
responsible for collaborating with the Americas Institutional
Client Group (ICG) team under Barry F.X. Smith, head of the
Americas ICG at SSGA, to drive ETF sales with asset owners.
“ETFs are being used by a greater number of institutional
investors seeking to reduce fees and increase the liquidity and
transparency of their holdings,” said Good. “Our global SPDR ETF
business has a strong track record of product innovation, including
working with large institutional clients to develop products such
as SHE, LOWC and SPYX to meet their specific investment needs.
Given Kathryn’s visibility and relationships within the ETF
industry we are confident that she will continue to advance the
SPDR position in the institutional market, and we are excited to
have her join our Global SPDR team.”
Sweeney joins SSGA from Goldman Sachs, where throughout her more
than 19 year tenure, she played a strategic role in building out
its ETF business, first in London and then in New York. She held a
variety of roles, most recently as Global Head of Distribution and
Product Strategy for the Securities Division. In this capacity
Sweeney worked closely with ETF Asset Managers, Institutional
Trading desks and internal stakeholders to increase ETF activity.
Prior to this, she held roles as Head of US ETF Execution and Risk,
and as an ETF trader in London and New York.
SSGA is one of the largest ETF providers in the US and globally,
with $558 billion in ETF assets under management.1
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 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 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 $2.56 trillion as of March 31,
2017. AUM reflects approx. $33.33 billion (as of March 31, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.
Important Information
Investing involves risk including the risk of loss of
principal.
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.
No fossil fuel reserve ownership may have an adverse
effect on a company’s profitability and, in turn, the returns of
the fund.
Concentrated investments in a particular industry or
sector may be more vulnerable to adverse changes in that industry
or sector.
Gender diversity risk: The returns on a portfolio of
securities that excludes companies that are not gender diverse may
trail the returns on a portfolio of securities that includes
companies that are not gender diverse.
Equity securities may fluctuate in value in response to
the activities of individual companies and general market and
economic conditions.
Passively managed funds hold a range of securities that,
in the aggregate, approximates the full Index in terms of key risk
factors and other characteristics. This may cause the fund to
experience tracking errors relative to performance of the
index.
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.
Distributor: State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect 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.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
866.787.2257 or visit spdrs.com and respective fund's website. Read
it carefully.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
© 2017 State Street Corporation - All Rights Reserved
Not FDIC Insured –No Bank Guarantee – May Lose Value
CORP-3041
1 As of 3/31/17
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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