BOSTON--(BUSINESS WIRE)--
State Street Global Advisors (SSgA), the investment management business
of State Street Corporation (NYSE: STT), today announced the appointment
of Alistair (Ali) Lowe as global equities chief investment officer. Lowe
assumes his new role from Arlene Rockefeller, who is retiring from SSgA
after almost 30 years with the firm.
In his new position, Lowe will direct SSgA’s active and enhanced equity
teams globally in the development and management of quantitative active
and enhanced equity strategies. Lowe, who previously served as the CIO
for Multi Asset Class Solutions, will report to global chief investment
officer, Rick Lacaille. Dan Farley has been named global head of
investments for Multi Asset Class Solutions replacing Lowe.
“With 25 years experience in the investment management field, Ali brings
a strong combination of investment experience, leadership, and a track
record of innovation to this role and I’m extremely confident in his
ability to lead global investment teams and take our equities business
to the next level,” said Lacaille. “Dan’s extensive experience in asset
allocation as well as his tenure on the Multi Asset Class Solutions team
will aid in a smooth leadership transition.”
SSgA is one of the leading managers of quantitative equity investments
and today manages $86 billion1 in active and enhanced equity
portfolios with a quantitative investment approach.
“We remain steadfast in our belief in the advantages of a quant approach
and in its ability to present compelling investment opportunities for
our clients,” said Lacaille. “We have a long history and track record of
managing risk-controlled strategies and we aim to continue our focus on
offering our clients the latest in equity investing innovation.”
Lowe joined SSgA in 1996 and has also served as head of currency and as
head of the Investor Solutions group which specializes in tax-efficient
management and implementation of active equity strategies. He has been
instrumental in contributing to the design and management of liability
driven investments, portable alpha and other overlay strategies.
Farley has extensive investment experience and has been with SSgA for 18
years, most recently as head of the US Multi Asset Class Solutions team.
He has also served as a senior portfolio manager and has assisted
clients in the development of strategic investment policy and managing
tactical and strategic asset allocation portfolios. Farley is a frequent
speaker on the topics of asset allocation, liability driven investments
and investment management for endowments and foundations.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State
Street Corporation (NYSE: STT), delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $1.9 trillion in assets under
management at March 31, 2010, State Street Global Advisors has
investment centers in Boston, Hong Kong, London, Montreal, Paris,
Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27 cities
worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
1 As of March 31, 2010
Source: State Street Corporation
Contact:
Media Contact:
State Street Corporation
Arlene Roberts, +1 617
664 3933