State Street Global Advisors Announces New Leadership for Global Equities and Multi-Asset Class Systems
BOSTON — 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 billion* 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.
*As of March 31, 2010