ssga funds management, inc board of directors

SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. To date, the proxy voting guidelines of most asset managers permit named executive officers, chairs, and lead independent directors to sit on a certain number of publicly listed portfolio company boards. By contrast, our team has found that votes in director elections are far more effective at focusing board attention on issues we believe important to long-term value and on which we have engaged with a portfolio company. He is also a graduate of Harvard Business School's Advanced Management Program. WebContact Details for Ssga Funds Management. Our 2023 stewardship priorities are to encourage transparency and disclosure in the areas of 1) effective board oversight, 2) climate risk management, 3) human capital management, and 4) diversity, equity and inclusion. In a world of ongoing economic and geopolitical uncertainty and market volatility, the need for strong governance and board oversight, transparency, and disclosure could not be more important. The acquisition was first announced in October 2010 for approximately 57 million. Persons under these restrictions must not access the Site. Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. You should consult your tax and financial advisor. State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager,[1] with nearly $4.14 trillion (USD)[2] in assets under management as of 31 December 2021. In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA. We reserve the right to block IP addresses that submit excessive requests. As such, in the year ahead we will be looking to the nominating and governance committees of portfolio companies to be responsible for establishing and enforcing, as well as disclosing, robust director time commitment policies. Our leadership team is backed by more than 500 market cycle-tested investment professionals. S&P, SPDR, S&P 500,US 500 and the 500 are trademarks of Standard & Poors Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. This document contains certain statements that may be deemed forward-looking statements. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. State of Wisconsin Investment Board Financial Services Hedge Fund Compare against similar firms. Before joining Vanguard, Lauren earned a B.S. Anne joined Vanguard in 2016. Matthew Benchener is managing director of Vanguard Personal Investor, which serves individual clients and small businesses. Dr. Perold is a board member of RIT Capital Partners. Tom joined Vanguard in 1988 and has held various management positions since then. Outside of Vanguard, he served as chairman of the board of Children's Hospital of Philadelphia from 2011 to 2017. Previously, he was chief human resources officer and managing director of Vanguard's Human Resources division, which is responsible for talent, leadership, and culture. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research. All rights reserved. SSGA is the number three ETF manager in the world after BlackRock and Vanguard.[12]. Mr. Loughridge joined Vanguard's board of directors in 2012. State Street Corporation is a financial holding company organized around 2 areas of activity: - investment services (83.1% of net sales): services intended mainly to State Street Global Advisors launched the first foreign real estate ETF in 2006 (Ticker: In January 2011, State Street Global Advisors completed its acquisition of Bank of Ireland Asset Management (BIAM). Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. For instance, we ask companies to disclose information about their human capital management practices because research suggests that employees themselves increasingly are considered to be a material asset and how firms manage their people can create risks and opportunities and impact financial performance.1In addition, we have long encouraged boards to recruit diverse directors in light of research that suggests that a diversity of perspectives can enhance strategic oversight; likewise, we ask companies to offer insight into their diversity, equity, and inclusion efforts given the potential impact on financial performance.2And with increasing consensus that climate change is a potential systemic risk to firms and sectors alike,3we ask portfolio companies to provide transparency into their plans for managing climate-related risks, and encourage boards to have oversight of relevant climate risks and opportunities. Additionally, he was a member of the Worldwide Property & Casualty Insurance practice. Mark Loughridge is the board's lead independent director. This page was last edited on 25 April 2023, at 13:42. Research our investment professionals with FINRA's BrokerCheck. Vanguards senior management team is made up of eleven managing directors who are elected by the board of directors. Thats why this Wall Street-funded sculpture will never be a symbol to embrace. Emerson Fullwood is executive in residence at the Rochester Institute of Technology, where he was the 20092010 Distinguished Minett Professor. Tim holds an A.B. By providing your email address below, you are providing consent to State Street to send you the requested Investor Email Alert updates. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGAs express written consent. Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Global Advisors, Inc.. WebAbhishek Kumar is a Managing Director and the Sector Head for Emerging Markets Debt within He joined SSGA LTD in 2010. Since joining Vanguard in 2003, she has held various roles in the organization's Institutional, Information Technology, and Retail divisions. The board is responsible for setting broad policies for the company; monitoring the companys financials, operations, compliance, risk management; and electing officers.5 Mark Loughridge serves as the lead independent director, and Vanguard CEO Mortimer (Tim) Buckley serves as chairman of the board. President & Chief Executive Officer Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment management arm of State Street Corporation with $3.62 trillion* in assets under This communication is directed at professional clients (this includes eligible counterparties as defined by the appropriate EU regulator who are deemed both knowledgeable and experienced in matters relating to investments. He earned a B.A. He is a member of the Council on Chicago Booth. The trademarks and service marks referenced herein are the property of their respective owners. Webin Fund Complex Overseen by Trustee Other Directorships Held by Trustee During Past 5 Years Independent Trustee William L. Marshall Born December 12, 1942 1301 Second Avenue, 18th Floor Seattle, WA 98101 Trustee since 1988 Chairman, Audit Committee Member, Governance Committee Member, Valuation Committee Our commitment to pragmatic stewardship and our focus on long-term value creation remain steadfast. Ssga Funds Management is based out of Boston. Ssga Funds Management is a hedge fund with 279 clients and discretionary assets under management (AUM) of $894,513,485,797 (Form ADV from 2022-11-28). STATE STREET GLOBAL ADVISORS, INC. Source: Vanguard. 1 Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard. This will continue to be our approach in the years ahead. WebTrack the AUM, funds, and holdings for SSGA Funds Management Inc over time. This communication is directed at professional clients (this includes eligible counterparties as defined by the appropriate EU regulator who are deemed both knowledgeable and experienced in matters relating to investments. He is currently a director of DTE Energy Company. SEC form, multiple filers or classes of filers, and much more.***. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Previously she served as a managing director and general counsel in the Citigroup global legal department. or to simply have an email sent to you whenever we receive a new WebInstitutional ownership Institutional investors hold a majority ownership of STT through the 92.15% of the outstanding shares that they control. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 1001 and 1030). Mr. Fullwood serves as a director of North Carolina A&T University, the Monroe Community College Foundation, United Way of Rochester, the University of Rochester Medical Center, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra; and as trustee of the University of Rochester. WebState Street Global Advisors Proxy Voting and Engagement Guidelines for Australia and New Zealand address our market-specific approaches to topics including directors and boards, accounting and audit-related issues, capital structure, reorganization and mergers, remuneration, and other governance-related issues. We have generally found that good disclosure reduces the tendency for shareholders to micromanage companies in which they invest. Prior to joining Fidelity, he served as president and chief executive officer of BNY Mellon Asset Management in Boston. Dr. Thomas joined Vanguards board in 2021. from Saint Joseph's University and an M.B.A. from Harvard Business School. He also previously served as an assistant professor at the Wharton School of the University of Pennsylvania. This article relies excessively on references to primary sources. State Street Global Advisors ( SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, [1] with nearly $4.14 trillion (USD) [2] in assets under management as of 31 December 2021. [3] At State Street, we promise to treat your data with respect and will not share your information with any third party. in information systems from Saint Joseph's University. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data. In this capacity, the team drives our DEI vision, goals, and accountability across Vanguard and tracks our progress. He has been a Vanguard director since 2009. President & Chief Executive Officer Sign-up John James is managing director of Vanguard's Institutional Investor Group, which serves the investment needs of employers offering company-sponsored retirement plans as well as organizations such as endowments and foundations. Global investment management division of State Street Corporation, Learn how and when to remove these template messages, Learn how and when to remove this template message, "State Street chief takes aim at the cost of servicing", "State Street Global Advisors ETF Overview", "State Street Global Advisors: Mend It, Don't End It", "ETF League Table As Of June 13, 2019 | ETF.com", "State Street subleasing chunk of namesake tower in Boston", "State Street Global Advisors Completes Acquisition of Bank of Ireland Asset Management", "State Street opens new state-of-the-art headquarters in the capital's docklands", "Funds managing $4.8 trillion press the firearm industry to accept new principles on gun safety", "$5 Trillion Investor Coalition to Pressure Gun Companies on Safety Measures", "Principles for a Responsible Civilian Firearms Industry", "The 'Fearless Girl' Statue Isn't a Symbol, It Is an Advertisement". He serves as chair of the board of trustees of Saint Anselm College. in finance and an M.B.A. from Villanova University. Mr. Loughridge is the retired senior vice president and chief financial officer of IBM. In June 2020, he retired as chief investment officer and vice president of the University of Notre Dame, where he also served as an assistant professor of finance at the university's Mendoza College of Business; he remains a member of the Notre Dame 403(b) Investment Committee. He is also a member of the Franklin Institute board of trustees. Chief Investment Officer, Fundamental Value Equities, CIO, Global Fixed Income, Currency & Cash, Global Head of ESG and Sustainable Investing, Head of SPDR Capital Markets and Strategic Partners, Global Head of SPDR ETF Strategy, Planning and Infrastructure, Head of European Institutional Distribution, Chief Technology Officer and Head of Transformation, Head of State Street Global Advisors India, Head of State Street Global Advisors Europe Ltd, Chief Operating Officer, Global Institutional Group, Head of State Street Global Advisors EMEA and Head of the Global SPDR ETF Business. All material has been obtained from sources believed to be reliable. He also served as the company's Asia-Pacific chief investment officer and a director of Vanguard Investments Australia. [[]] %%State Street Corporation%%. Dear Board Member, The Company provides portfolio management, financial planning, and investment advisory services. Prior to her current role, she was managing director of Vanguard's Retail Investor Group. Previously, Joe served as head of Vanguard Equity Index Group, chief investment officer of the Asia Pacific region, a director of Vanguard Investments Australia, and head of Vanguard Portfolio Review Department. Boston, MA 02111-2900. This document contains certain statements that may be deemed forward-looking statements. She earned an M.B.A. from Villanova University in 2009. Ssga Funds Management is a alternative asset management company based in Boston, MA. During his tenure with McKinsey, Mr. O'Hanley served in the firms Boston, New York, and Stockholm offices. As of 2006, one-third of assets under management were from non-US investors. Joe earned a B.A. In addition to those noted with an *, Lou Maiuri is also a Director of State Street Bank and Trust Company. [30], In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products. 4 Figures are as of February 28, 2023. Delayed Nyse Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Before that, she was chief operating officer and executive vice president of the company's individual life and disability division. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. to see more advanced email alert options such as selecting any type of This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. As shown below, Vanguard's board is diverse across multiple dimensions. State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 in Boston, Massachusetts. We focus our stewardship efforts on issues we believe can have significant impact to our clients portfolios over the long term based on our review of policies and rules developed by regulators and government bodies, academic research, insights from investment colleagues, and data gathered and produced by industry experts. Our unwavering attention to these issues has always been rooted in a combination of best practices, evidence-based research, pragmatism balanced with a long-term view, and sound governance. He joined Vanguard in 1991 and has held a number of senior leadership positions, including chief information officer from 2001 to 2006 and head of the Retail Investor Group from 2006 to 2012. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company.[5]. Investment Advisor From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Today, directors are busier than ever, reporting a 25% increase both in formal board meetings and number of days spent on director work4 often serving on multiple boards simultaneously. The views expressed in this material are the views of Yie-Hsin Hung through the period ended March 17, 2023 and are subject to change based on market and other conditions. Tara Bunch is head of global operations at Airbnb where she oversees community support, trust and safety, and payments for Hosts and guests in 220 countries and regions. For more information, contact opendata@sec.gov. Greg serves on the board of the Children's Hospital of Philadelphia and is a member of the Treasury Borrowing Advisory Committee of the U.S. Department of the Treasury. WebManaging Director at State Street Global Advisors SSGA FUNDS MANAGEMENT INC | 11 followers on LinkedIn. One Lincoln Street. He is a CFA charterholder and a member of the CFA Society of Philadelphia. Source: Vanguard. Before investing, consider the funds' investment objectives, risks, charges and expenses. Joseph Loughrey is the retired president and chief operating officer of Cummins Inc. and retired chairman of the board of Hillenbrand, Inc. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGAs express written consent. Nitin holds a bachelors degree from the Indian Institute of Technology in Kanpur, India. CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. Webc/o SSGA Funds Management, Inc. 1 Iron Street Boston, Massachusetts 02210 RE: State Street Institutional Investment Trust Fee Waiver and/or Expense Reimbursement Arrangements Dear Mr. Rosenberg: Section I. 5 The Vanguard Funds are overseen by boards of trustees. The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (S&P DJI) and have been licensed for use by State Street Global Advisors. *This figure is presented as of March 31, 2023 and includes approximately $65.03 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. In addition, he coordinates the activities of the independent directors, including calling their regular executive sessions. Language links are at the top of the page across from the title. He is responsible for overseeing global risk and security functions, which include enterprise risk management, investment risk management, and cyber security and fraud protection. Founded in 2001, SSgA Funds Management Inc is an investment firm that offers a wide variety of services, including portfolio management, investment advisory services, and financial planning. In contrast, making subjective decisions to determine the caliber and time commitment of individual directors should be the job of well-governed boards themselves, not asset managers. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Ssga Funds Management, Inc. State Street Financial CenterOne Lincoln Street Boston, MA 02111-2900 United States, Private Funds Managed(3): Core Realty Investors I Trust , International Private Equity Fund Lp, International Private Equity Fund Ii Lp, Rank: 9 out of 6900 private fund companies, Rank: 10 out of 6900 private fund companies, Rank: 477 out of 6900 private fund companies, Rank: 102 out of 6900 private fund companies, Rank: 144 out of 6900 private fund companies, Rank: 2465 out of 6900 private fund companies.
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