State Street Strengthens Asset Owner Servicing Team with Senior Appointment
June 04 2019 - 9:04AM
Business Wire
Company Today Services some of Largest and Most Complex Asset
Owners in the World
State Street Corporation (NYSE: STT) today announced it has
appointed Rob Baillie as head of its Asset Owner Business team for
North America. Baillie assumes this newly created leadership role
in addition to his current responsibilities leading State Street’s
businesses in Canada, where the company is the leading servicer of
pension funds and asset managers. Baillie will report to John
Lehner, State Street’s head of global services and its global asset
management segment.
In this new role Baillie will be responsible for advancing an
integrated, strategic partner approach to the firm’s Asset Owner
clients across North America. He will also drive service
enhancements and solution development in support of State Street’s
pension fund and endowment clients. Baillie will work closely with
Ian Martin, who was appointed global head of State Street’s overall
Asset Owner segment team earlier this year, to ensure clients in
North America are receiving the benefits of global best practices,
services, insights and thought-leadership.
“Our Asset Owner clients are operating under the same, if not
even tougher, constraints and challenges as the rest of the
investment management industry,” said John Lehner. “They are
balancing the need to achieve long-term investment returns with
meeting liabilities in a difficult market environment while
continuing to manage increasingly onerous regulations. This
requires a partner that is global, integrated and experienced in
managing the most complex and diverse portfolios and products,
across multiple asset classes, to deliver truly differentiated
solutions. This is core to what we do each and every day, and Rob’s
appointment underscores our commitment to this important segment
and our goal of being our clients’ essential partner.”
Baillie is an industry veteran with more than 25 years’
experience in investment servicing with a particular focus on asset
owners. He joined State Street six years ago.
Baillie added: “I am delighted to take on the responsibility of
leading our North America efforts with some of our largest and most
complex clients. I am looking forward to spending time with them in
the coming weeks and months. Now more than ever we must be focused
on helping these organizations achieve their desired outcomes, as
well as those of the people they serve.”
Baillie’s appointment is the latest in a series of enhancements
State Street has made this year in support of its asset owner
clients globally spanning people, technology and more integrated
solutions. For example, following State Street’s acquisition of
Charles River Development in 2018, the firm has been focused on
building and delivering the industry’s first front-to-back
platform. Asset Owners will benefit from the platform’s ability to
deliver real-time, quality data and analytics across the full
investment lifecycle and across multiple asset classes. Designed to
meet the needs of diverse and complex organizations around the
world, the front-to-back offering will harmonize data, reduce costs
and speed up strategic decision making.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $32.6 trillion in assets
under custody and administration and $2.8 trillion* in assets under
management as of March 31, 2019, State Street operates globally in
more than 100 geographic markets and employs approximately 40,000
worldwide. For more information, visit State Street's website at
www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33
billion as of March 31, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
Forward-Looking Statements
This News Release contains forward-looking statements within the
meaning of United States securities laws, including statements
about leadership structures, transitions and governance practices
and roles, responsibilities and opportunities with respect to State
Street’s Board of Directors, as well as about corporate strategies
and priorities. Forward-looking statements are often, but not
always, identified by such forward-looking terminology as “will,”
“expect,” “believe,” “look forward,” “vision,” "priority,"
“objective,” “plan,” “strategy,” “anticipate,” “intend,”
“estimate,” “seek,” “may,” “trend,” and “goal,” or similar
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guarantees of future performance, are inherently uncertain, are
based on current assumptions that are difficult to predict and
involve a number of risks and uncertainties. Therefore, actual
outcomes and results may differ materially from what is expressed
in those statements, and those statements should not be relied upon
as representing our expectations or beliefs as of any time
subsequent to the time that this News Release is first issued.
Important factors that could cause actual results to differ
materially from those indicated by any forward-looking statements
are set forth in our 2018 Annual Report on Form 10-K and our
subsequent SEC filings. We encourage investors to read these
filings, particularly the sections on risk factors, for additional
information with respect to any forward-looking statements and
prior to making any investment decision. The forward-looking
statements contained in this News Release should not by relied on
as representing our expectations or beliefs as of any time
subsequent to the time that this News Release is first issued, and
we do not undertake efforts to revise those forward-looking
statements to reflect events after that time.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
Expiration date: June 30, 2020
2566313.1.1.AM.RTL
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Marc Hazelton+1 617 662
1860MHAZELTON@StateStreet.com@StateStreetIlene Fiszel Bieler+1 617
664 4122IFiszelBieler@StateStreet.com@StateStreet
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