BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA), the asset management business of State Street Corporation (NYSE: STT), announced today the appointment of David Saulnier as chief risk officer. Saulnier, age 47, previously served as chief risk officer for State Street’s investment servicing business in the Americas. He will assume his new role at SSgA effective immediately.
“We are very pleased to bring David’s strong industry expertise to our risk management team,” said Scott Powers, president and chief executive officer of SSgA. “He brings a strong background in risk and compliance oversight along with deep experience in investment management. In this new role, David will be a key member of our management team and help advance our solutions-based approach with clients.”
Saulnier joined State Street in 2008 from Pioneer Investment Management USA, where for seven years he was director and head of risk management for all US operations, trading and portfolio management. In this capacity David served as chairman of the Pioneer Trade Management Committee and was also a member of the firm’s IT Advisory Board and Operating Committee. Prior to joining Pioneer, David was the director of Counterparty Risk at Harvard Management Company responsible for the creation and oversight of counterparty credit policies. Before Harvard Management Company, he worked as a commercial banker with Bank of America managing relationships within the real estate, medical and financial services industries. David earned his bachelor of science in business administration from The Citadel Military College and an MBA from Baylor University.
“I look forward to working with SSgA’s management team to provide our clients with solutions for today’s complex investment problems,” said Saulnier.
State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.
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