Get more! Sign up for PLANSPONSOR newsletters.
Deals and People June 19, 2013
SSgA Makes Leadership Changes
June 19, 2013 (PLANSPONSOR.com) - State Street Global Advisors (SSgA) is
aligning its leadership with client challenges in both active and passive strategies.
Reported by PLANSPONSOR staff
The firm is combining core teams in active quantitative developed and enhanced equity. It is expanding the depth of its fixed-income strategies to extend further on the credit spectrum targeting areas such as structured credit, high yield and emerging market debt.
As part of this approach, SSgA is combining its cash and fixed income capabilities under the leadership of Steve Meier, CIO head of cash, who will become CIO of fixed income, currency and cash. Active quantitative developed and enhanced equity will also be combined under Ted Gekas, currently head of global enhanced equity, who will take a new role as CIO and global head of active quantitative equity.
As part of these changes, Ali Lowe, CIO, global equities, will leave the firm at the end of 2013 after a transition period. Kevin Anderson, currently CIO and head of fixed income, will assume the role of head of investments for the Asia Pacific region based in Hong Kong. He replaces Lochiel Crafter who was recently appointed as head of the Asia Pacific region, succeeding Bernard Reilly, who has taken the role of global head of strategy for SSgA.
To maximize the effectiveness of its quantitative research, SSgA is integrating its Advanced Research Center (ARC) and dedicated IT support into their respective investment teams. Bringing research closer to the investment process will accelerate SSgA’s ability to generate and implement actionable ideas with greater speed and efficiency in volatile and dynamic markets, the company said.