BOSTON & LONDON--(BUSINESS WIRE)--
State Street Global Advisors (SSgA), the investment management business
of State Street Corporation (NYSE: STT), today announced the appointment
of Raymond Haines as head of UK Liability Driven Investing (LDI) and
Christopher J. Goolgasian, CFA, CPA, CAIA, who joined SSgA as a senior
portfolio manager in the Multi-Asset-Class Solutions (MACS) group in
Boston. The company also announced the transition of Gregory Taieb from
its Montreal office to support the UK MACS team in London. SSgA’s MACS
group provides asset allocation, LDI and exposure management solutions
to clients across all asset classes globally.
“Our Multi-Asset-Class Solutions team partners with our clients to
address a wide range of challenges which they face in today’s market
environment such as adequately funding pension liabilities,” said
Richard Lacaille, global chief investment officer for State Street
Global Advisors. “The expansion of our MACS team enhances our ability to
effectively deliver customized solutions for investors to address their
changing needs.”
Haines has more than 30 years of financial industry experience and
brings a strong technical investment background from his previous
positions at LV= Asset Management where he was most recently chief
investment officer and at ABN AMRO Bank NV, where he led the UK Pension
Advisory team. He has also previously served as CIO at Hill Samuel Asset
Management and as a pension fund Trustee, advising public sector funds.
At SSgA, he will be responsible for managing LDI solutions for the UK
market, and reports to Joseph Moody, global head of Liability Driven
Investing.
SSgA has been managing tailored LDI solutions for a broad range of
clients since early 2005.
“LDI has increasingly gained momentum amongst plan sponsors over the
past decade as lower interest rates and falling equity markets have
raised concern about a pension asset and liability funding gap,” said
Lacaille. “We can help plan sponsors and their consultants to design
solutions appropriate for individual plan needs based upon current
funding status, risk appetite and investment guidelines.”
Joining Haines on the London team is Gregory Taieb, a MACS portfolio
manager in Montreal who will relocate to London to support the company’s
continued growth in that market. Taieb, who will be responsible for
portfolio management, research and product development for UK clients,
has served on the MACS team since 2003 and has previously worked in
SSgA’s Paris office managing balanced, LDI and overlay portfolios. He
holds a MS in Mathematics and Statistics (University Paris V - René
Descartes) and has a Master of Finance in the "Institut Superieur du
Commerce".
Vincent-Philippe Sicotte will succeed Gregory Taieb as portfolio manager
in Montreal. In this new role, Sicotte will support the existing client
base in Canada. Sicotte joined SSgA in 2006.
Boston-based Goolgasian will be responsible for developing and
implementing multi-asset-class solutions for defined benefit, defined
contribution, and endowment and foundation clients. He joins State
Street from Pyramis Global Advisors, where he was an institutional
portfolio manager. Goolgasian holds a Masters of Business Administration
from Bryant University with a concentration in Finance as well as a
Bachelor of Arts with a concentration in Accounting. He reports to
Daniel Farley, CFA, global head of Multi Asset Class Solutions.
Combined with the local expertise, resources and specialization of
SSgA’s investment teams globally, the MACS group enables its clients to
have a single point to coordinate all of their investing activities.
With SSgA’s global footprint and economies of scale, its
multi-asset-class solutions can provide implementation flexibility,
investment diversification and transaction cost savings.
About State Street Global Advisors
State Street Global Advisors, investment management business 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.
Source: State Street Corporation
Contact:
State Street Corporation
Arlene Roberts, 617-664-3933
or
State
Street Corporation
Marie McGehee, 617-664-1898