BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that it has strengthened its leadership team by appointing 25-year industry veteran Cyrus Taraporevala as executive vice president and global head of product and marketing. Taraporevala will also be responsible for overseeing the post-merger integration program for the recently announced acquisition of GE Asset Management.
Taraporevala, age 49, will report to SSGA President and Chief Executive Officer Ron O’Hanley. He joins the firm from Fidelity Investments where he most recently led their Retail Managed Accounts and Life Insurance & Annuities businesses. Previously, he led the product function for all of Fidelity’s retail and institutional investment strategies. Taraporevala has also held leadership roles at BNY Mellon Asset Management, Legg Mason, Citigroup Global Investment Management and McKinsey & Company where he served as a partner in the Financial Institutions practice. Taraporevala has also been involved in all aspects of mergers & acquisitions, including co-leading the Legg Mason-Citigroup Asset Management Post-Merger Integration Program.
“Asset management product development and marketing continue to quickly evolve, including advances in data and analytics, growing client demand for more actionable thought leadership and rapid product innovation – particularly in the ETF market,” said O’Hanley. “Cyrus’ deep financial industry expertise and experience will enable us to better respond to these changes to drive better outcomes for our clients and take advantage of new market opportunities.”
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 trillion as of December 31, 2015. AUM reflects approx. $22.0 billion (as of December 31, 2015) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
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