BOSTON--(BUSINESS WIRE)--
State Street Global Markets, the investment research and trading arm of
State Street Corporation (NYSE: STT), today announced the appointment of
John Herrmann to its global macro strategy team.
Herrmann, who joins State Street Global Markets as a Senior Fixed Income
Strategist based in Boston, will report to Michael Metcalfe, Global Head
of Macro Strategy. He earned his doctorate in mathematical economics
from Cornell University, specializing in non-linear dynamics, economic
growth, business cycle theory and monetary economics. He brings more
than 15 years of experience as a forecaster of US macro-economic and
employment growth and trends to his new role. Herrmann was previously
the president of Herrmann Forecasting LLC, a consultancy focused on
providing value analysis and forecasting real-time events.
Prior to founding Herrmann Forecasting, Herrmann held a number of senior
interest rate strategy positions at Wall Street firms including Merrill
Lynch, IDEAglobal and Rabobank.
"The market volatility of the last two years has only underscored the
value of providing fact-based, independent research to our institutional
client base," said Jeremy Armitage, senior managing director and global
head of research for State Street Global Markets. "We are pleased to
welcome John to the team. His fixed-income research capabilities and
extensive experience in macro-economic and interest-rate modeling will
complement our global research offerings based on investor behavior."
"State Street Global Markets is a known leader in innovative research
and I am proud to be joining the team," said Herrmann.
State Street Global Markets' research team of leading academic and
industry experts is committed to continually advancing the science,
including theory and application of its proprietary investor behavior
research and innovative portfolio and risk management technologies, to
help its customers challenge conventional thinking, shape ideas, make
more informed investment decisions and deliver measurable results.
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 $18.8 trillion in assets under custody and administration
and $1.9 trillion in assets under management at December 31, 2009, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street at www.statestreet.com.
About State Street Global Markets
State Street Global Markets provides specialized research, trading,
securities lending and innovative portfolio strategies to owners and
managers of institutional assets. Its goal is to enhance and preserve
portfolio values through original flow-based research, proprietary
portfolio and risk management technologies, trading optimization and
global connectivity. Its unique position at the crossroads of the global
markets enables its sales and trading professionals to tap diverse
sources of liquidity and provide cost-effective solutions.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, +1-617-664-8672