Head of Institutional Sales Announced for Global SPDR Business at State Street Global Advisors

BOSTON--()--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

Contacts

State Street Corporation
Andrew Hopkins, +1 617-664-2422
Ahopkins2@StateStreet.com

Contacts

State Street Corporation
Andrew Hopkins, +1 617-664-2422
Ahopkins2@StateStreet.com