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State Street Global Advisors Strengthens its Global ETF Business

Jim Ross, current head of SSGA’s SPDR ETF Business and Intermediary Distribution, has been named chairman, Global SPDR and SSGA Funds Management. Nick Good, current chief operating officer of the North American Intermediary Business Group, and Rory Tobin, current head of European Distribution, will now each become co-heads of Global SPDR.

State Street Global Advisors (SSGA), the asset management business of State Street Corporation, today announced that it has strengthened its ETF business globally through new roles for several leaders and by unifying distribution and infrastructure accountability under a new Global SPDR business.

“Jim is already an important and influential thought leader in the ETF industry and now he will be taking on an even more active role in advancing our ETF strategy and shaping the global ETF markets,” said Ron O’Hanley, president and chief executive officer of SSGA.

“Nick and Rory are industry veterans who will now have executive responsibility and accountability for Global SPDR,” added O’Hanley. “Under this new structure and leadership team we can build on our past success, while responding more quickly to client demands.”

“As ETF markets evolve globally and product innovation continues to rapidly expand throughout the industry, investors now more than ever need to strengthen their understanding of the long-term value of ETFs,” said Ross. “SSGA has been a partner with our clients since the early days of index investing, and I look forward to spending more of my time sharing our point of view on how together we will continue to shape better outcomes for investors.”

Next Finance , May 2016

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