State Street Global Advisors Grows ESG and Corporate Governance Team Globally
August 03 2017 - 10:00AM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE: STT), today announced
the appointment of Rakhi Kumar as head of Environmental, Social
and Governance (ESG) and Asset Stewardship, reporting to
Lynn Blake, chief investment officer for SSGA’s Global Equity
Beta Solutions. In this expanded role, Kumar and her team will
grow their ability to provide socially responsible investment
strategies and steward our clients’ assets globally.
“This expanded team will enable us to capitalize on the success
of our asset stewardship program and position us for continued
growth in ESG,” said Blake. “Rakhi has developed a solid reputation
as a thought leader and expert in the asset stewardship space, and
this role will allow her to bring those insights of stewardship
into the ESG investment and product development process.”
Rakhi now leads a growing team across SSGA’s ESG Investments and
Asset Stewardship groups, including Chris McKnett, head of ESG
Strategists. In this role, Chris will lead a team of ESG
strategists responsible for developing product and driving thought
leadership content.
Additionally, Matt DiGuiseppe has been appointed as head
of the Americas and Robert Walker has been appointed head of
EMEA for the Asset Stewardship group. Most recently, DiGuiseppe
managed engagement and proxy voting activities at Nuveen (the asset
management division of TIAA) and Walker managed their ESG research
activities at HSBC Bank PLC. A search is underway for a head of
Asset Stewardship for the Asia Pacific region.
“ESG concerns continue to play a larger role in asset
management, not only as an investment tool, but also as a way to
assess and engage the companies our clients invest in through index
strategies,” said Kumar. “As we broaden our engagement efforts with
the companies we invest in, our team will play a key role in our
asset stewardship agenda as the number issues we engage companies
on continue to grow.”
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 $2.60 trillion as of June 30,
2017. AUM reflects approx. $34 billion (as of June 30, 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.
CORP-3183
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State Street CorporationAndrew Hopkins , +1
617-664-2422Ahopkins2@StateStreet.com
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