BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that Greg Ehret, age 45, has been named president. He will continue to report to Ron O’Hanley, chief executive officer of SSGA.
Ehret, a 20-year veteran of SSGA, has held a number of executive positions in operations, sales and product development, including co-head of the firm’s exchange traded fund (ETF) business.
“What has been obvious to me since I arrived at SSGA is the respect that Greg has across all levels of the organization, the passion with which he approaches what he does and the commitment he has to our clients,” said O’Hanley. “Having led teams both here in the US and Europe in his more than two decades at SSGA, Greg has a broad understanding of what our clients need to succeed. His leadership is felt throughout SSGA and will be instrumental as we advance our strategy.”
Ehret led SSGA’s business in Europe, the Middle East and Africa (EMEA) from July 2008 to September 2012 including the purchase of the Bank of Ireland Asset Management and spearheading State Street’s European ETF franchise.
“I look forward to building on the strategy that we have set forth within SSGA as we partner with our clients to build long-term success,” said Ehret, “I’m excited to work hand in hand with Ron as well as with the talented team of professionals at SSGA.”
Ehret is responsible for SSGA’s client facing, product and marketing, operations and infrastructure teams and will lead the execution of the non-investment aspects of strategy. He will also continue to leverage SSGA’s global footprint, scale and talent to both deepen and broaden the range of capabilities for clients.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.
State Street Global Advisors is the investment management arm of State Street Corporation.
About State Street Corporation
State Street Corporation (NYSE:STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.5 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of March 31, 2015, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
*Assets under management were $2.4 trillion as of March 31, 2015. This AUM total includes the assets of the SPDR Gold Trust (approx. $28 billion as of March 31, 2015), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent. Please note that AUM totals are unaudited.
CORP-1477
