BOSTON--(BUSINESS WIRE)--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.
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.
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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.
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1 As of 3/31/17