ssga funds management, inc board of directors

SSGA FUNDS WebInstitutional ownership Institutional investors hold a majority ownership of STT through the 92.15% of the outstanding shares that they control. Ms. It should not be considered a solicitation to buy or an offer to sell a security. He is currently a director of DTE Energy Company. [[]] %%State Street Corporation%%. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. SEC form, multiple filers or classes of filers, and much more.***. As boards have increasingly focused on managing longer-term risks and opportunities, their governance, committee structure, and effectiveness have become that much more important. 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. For more information, please see the SECs Web Site Privacy and Security Policy. Investing involves risk including the risk of loss of principal. Ssga Funds Management is a alternative asset management company based in Boston, MA. WebDetailed Profile of SSGA FUNDS MANAGEMENT INC portfolio of holdings. 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 The Company provides portfolio management, financial planning, and investment advisory services. 1 Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard. Michael Rollings is chief financial officer and managing director of Vanguard's Finance division, which is responsible for corporate financial services, fund financial services, internal audit, and real estate and facilities management. WebCorporate Governance - Board of Directors | State Street Bank and Trust Company Board of Directors Ronald P. O'Hanley * Chairman Read Biography Amelia C. Fawcett * Lead You can view more information on Ssga Funds Management including private fund info, contact info, top management and executives, website, email addresses, and more below: This website uses cookies to improve your experience. 5 Shareholders expect boards to effectively govern themselves with respect to the ability of directors to devote adequate time to the boards work. Boston, MA 02111-2900. * denotes Directors of State Street Bank and Trust Company, a Massachusetts state-chartered company. Vanguards CEO and managing directors also serve as our Diversity, Equity, and Inclusion (DEI) Executive Council. Click the link to obtain aprospectus or summary prospectuswhich contains this and other information, or by calling 1.877.521.4083. Webi These Proxy Voting and Engagement Guidelines (the Guidelines) are also applicable to SSGA Funds Management, Inc., State Street Global Advisors Trust Company, and other advisory affiliates of State Street controls and risk management systems, which should be governed by the board. He joined Vanguard in 2019 to lead the Chief Technology Office and previously served as a consultant and partner for Deloitte Consulting, leading their Financial Services Cloud practice. One Lincoln Street. Anne earned a bachelor's degree in political science from Hampton University and a J.D. This makes sense, as responsibility lies with boards to oversee related strategy. You can sign up for additional alert options at any time. The products and services to which this communication relates are only available to such persons and persons of any other description (including retail clients) should not rely on this communication. You should consult your tax and financial advisor. This document contains certain statements that may be deemed forward-looking statements. "SPDR Exchange Traded Funds (ETFs) - Legal", "State Street Challenging BNY Mellon As Largest Custody Bank", "State Street Global Advisors: ESG Investing & Stewardship", "State Street Bank and Trust Co. It should not be considered a solicitation to buy or an offer to sell a security. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. Sarah Bloom Raskin has served as the deputy secretary of the U.S. Department of the Treasury, as a governor of the Federal Reserve Board, and as the commissioner of financial regulation for the state of Maryland. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. We believe that diversity of thought and perspective, complemented by a broad range of experience, skills, and personal attributes, positions the board to serve our clients effectively. Persons under these restrictions must not access the Site. [3], The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world. Our leadership team is backed by more than 500 market cycle-tested investment professionals. Each of these topics presents short- and long-term risks and opportunities to companies across our portfolio. After submitting your request, you will receive an activation email to the requested email address. Dr. Thomas joined Vanguards board in 2021. During this time, he also served as vice chairman of Bank of New York Mellon Corporation and was a member of its Executive Committee. In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA. [4], SSGA employs 2,500 people in 28 countries around the world. Scott Malpassserves as a member of the board of Catholic Investment Services, Inc., and as a member of the board of superintendence of the Institute for the Works of Religion. Mr. Buckley holds an A.B. Sign-up This document contains certain statements that may be deemed forward-looking statements. Mortimer (Tim) Buckley is chairman of the board and chief executive officer of Vanguard. She started her career in private law practice and went on to serve as counsel with Deloitte Consulting before moving to American Express in 2003. View More Information About Our Firm:FINRA's Brokercheck. 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. Mike joined Vanguard in June 2016 and was previously executive vice president and CFO of MassMutual Financial Group. 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. 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 Emerson Fullwood is executive in residence at the Rochester Institute of Technology, where he was the 20092010 Distinguished Minett Professor. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company.[5]. She is the former vice president of AppleCare at Apple and previously served as a senior vice president at Hewlett Packard. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. As the new President & CEO of State Street Global Advisors, I am excited to join this firm for a number of reasons, not least of which is the size, scope, and reach of our business, and the responsibility we have to our global client base. This will continue to be our approach in the years ahead. His responsibilities include serving as a principal point of contact for the independent directors, who appoint the chairman of the board. United States. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327,download a prospectus or summary prospectusnow, or talk to your financial advisor. [27] They are Advanced Investment Partners; Asian Direct Capital Management; GovernanceMetrics International (GMI); Innovest Strategic Value Advisors, Inc.; Rexiter Capital Management Limited; Shott Capital Management, LLC; SSARIS Advisors, LLC; The Tuckerman Group, LLC; and Wilton Asset Management, LLC. State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 in Boston, Massachusetts. During his tenure with McKinsey, Mr. O'Hanley served in the firms Boston, New York, and Stockholm offices. All rights reserved. In addition to institutional products, SSGA has 46 ETF investment products in the US market,[25] as of March 2007. The bronze statue installed by an advertising firm and a financial firm represents basically everything thats wrong with our society. 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. 4 U.S. Spencer Stuart Board Index, 2021. spencerstuart.com/-/media/2021/october/ssbi2021/us-spencer-stuart-board-index-2021.pdf, 5 MyLogIQ data, calculated by State Street Global Advisors, December 2022.https://www.mylogiq.com/. Additionally, he was a member of the Worldwide Property & Casualty Insurance practice. Previously, he was chief human resources officer and managing director of Vanguard's Human Resources division, which is responsible for talent, leadership, and culture. The Sculpture of a Fearless Girl on Wall Street Is Fake Corporate Feminism. 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. At State Street, we promise to treat your data with respect and will not share your information with any third party. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Mr. O'Hanley was president of Asset Management & Corporate Services for Fidelity Investments. Dr. Perold is a board member of RIT Capital Partners. Dear Board Member, All rights reserved. Distributor:State Street Global Advisors Funds Distributors, LLC, memberFINRA,SIPC, an indirect wholly owned subsidiary of State Street Corporation. Before that he led MassMutual's Capital Markets division. He earned a B.S. SSGA creates customized investment strategies for institutions. 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. SHAREHOLDER STATE STREET GLOBAL ADVISORS, INC. WINDWISE IG BETA FUND SERIES 2022 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE EUROPEAN IG BETA FUND SERIES 2021 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE IG BETA FUND SERIES 2021 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE MULTI-FACTOR EMERGING MARKETS CURRENCY SEGREGATED PORTFOLIO FUND, WINDWISE EUROPEAN IG BETA FUND SERIES 2018, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE EUROPEAN IG BETA FUND SERIES 2019, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE EUROPEAN IG BETA FUND SERIES 2017, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE EUROPEAN IG BETA FUND SERIES 2022 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE EUROPEAN IG BETA SERIES 2019, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, WINDWISE GLOBAL DEFENSIVE LONG SHORT EQUITY FUND, INTERNATIONAL PRIVATE EQUITY FUND II, L.P, CHIEF COMPLIANCE OFFICER; CHIEF LEGAL OFFICER; DIRECTOR. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Language links are at the top of the page across from the title. Investing involves risk including the risk of loss of principal. 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. Please read it carefully before investing. Reference ID: 0.55012417.1683010126.17bb16f5. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. 2Figure is as of February 28, 2023. Andr Perold isthe chief investment officer and partner of HighVista Strategies LLC. Bunch became a Vanguard director in 2021. Mark Loughridge is the board's lead independent director. Tim holds an A.B. WebAbhishek Kumar is a Managing Director and the Sector Head for Emerging Markets Debt within He joined SSGA LTD in 2010. Gregory Davis is managing director and Vanguard's chief investment officer, overseeing more than $7 trillion managed by Vanguard Fixed Income, Equity Index, and Quantitative Equity groups.3Previously, Greg was principal and global head of Vanguard Fixed Income Group, responsible for its portfolio management, strategy, credit research, trading, and planning functions. We reserve the right to block IP addresses that submit excessive requests. The information provided does not constitute investment advice and it should not be relied on as such. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. The information contained in this communication is not a research recommendation or investment research and is classified as a Marketing Communication in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. [24] SSGA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds). This page was last edited on 25 April 2023, at 13:42. She joined Citigroup in 2014 as managing director and general counsel of global cards and consumer services. ETF products are also available in other parts of the world such as Belgium, France, Hong Kong, and Singapore under the streetTracks brand. Vanguards senior management team is made up of eleven managing directors who are elected by the board of directors. in economics from Harvard College and an M.B.A. from Harvard Business School. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. James Kramer is a Vice President of the Adviser and a Senior He joined the Adviser in 1996. He is a member of the board of governors of the Investment Company Institute and of FINRA. State Street Global Advisors, One Iron Street, Boston, MA 02210-1641. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. 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] WebContact Details for Ssga Funds Management. Our commitment to pragmatic stewardship and our focus on long-term value creation remain steadfast. Find out more. [29] The case was settled in 2010. Please declare your traffic by updating your user agent to include company specific information. 3 Institutions including the Bank of England, the IMF, and the Federal Reserve have all asserted these risks, as has the UN-sponsored Intergovernmental Panel on Climate Change. 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). CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. SSGA employs 2,500 people in 28 countries around the world. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company. [5] State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 [6] in Boston, Massachusetts . 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. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. 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. Given the sheer number of views espoused and the vigorous debate about asset stewardship and in light of our recently expanded program offering more investors the power to direct how shares held in the funds they own are voted I want to share some of my observations on how State Street Global Advisors seeks long-term value, the increasing need for boards to assess and disclose value-related risks, and what it means for our relationship with directors like you going forward. Directors and Boards . The acquisition was first announced in October 2010 for approximately 57 million. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. In addition, he coordinates the activities of the independent directors, including calling their regular executive sessions. For example, this past year, after our team identified shortcomings in board oversight and governance at a large, diversified e-commerce company, we voted against the Compensation Committee Chair. 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. All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. 5 The Vanguard Funds are overseen by boards of trustees. Webof SSgA Funds Management, Inc. (SSgA FM or the Adviser), One Lincoln Street, 36thFloor, Boston, Massachusetts 02111-2900. 3 Assets under management are as of February 28, 2023. All rights reserved. [citation needed]. [[]] %%State Street Corporation%%. 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 management. While values are important to all of us, in this context we focus exclusively on value: how to drive long-term portfolio value. 2023 State Street Corporation. 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. WebThe board is responsible for setting broad policies for the company; monitoring the companys financials, operations, compliance, risk management; and electing officers. The same individuals serve on the Vanguard board of directors and the funds' boards of trustees. He also served as a fiduciary member of IBM's Retirement Plan Committee. 4 Figures are as of February 28, 2023. Anne Robinson is general counsel of The Vanguard Group, Inc., and secretary of the Vanguard funds. 1001 and 1030). 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. Starting in 2024, we will 1) no longer use numerical limits to identify overcommitted directors, and instead 2) vote against the chair of the nominating and governance committee at companies in the S&P 500 that do not disclose their internal policy on director time commitments. Kheng Siang Ng, CFA, is a Vice President and He joined SSGA Singapore in 2005. 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. She has served on the boards of Out & Equal, the University of California, Berkeley School of Engineering and Santa Clara University's Leavy School of Business. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. And just like The Vanguard Group, SSgA also operates globally. Each year we have worked to evolve the way we engage with boards to understand how they are conducting their oversight and other governance responsibilities. Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. Outside of Vanguard, he served as chairman of the board of Children's Hospital of Philadelphia from 2011 to 2017. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices. 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. In addition to those noted with an *, Lou Maiuri is also a Director of State Street Bank and Trust Company. John earned an M.B.A. from the University of Adelaide and holds certificates from both the Wharton Advanced Management Program at the University of Pennsylvania and the Advanced Human Resource Executive Program at the University of Michigan. [31], In October 2017, SSGA agreed to pay over $5 million in back pay and interest to settle allegations the company underpaid women and African-American employees.[32][33]. She is currently a professor at Duke Law School, a Distinguished Fellow at its Global Financial Markets Center, and a Senior Fellow at Duke Center on Risk. He is chair of the board of trustees of Colby-Sawyer College and a member of the BMW Group Mobility Council. Since our founding in 1975, weve put investors first. The statue is an advertisement for an index fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership. Vanguard recognizes the importance of diversity in the composition of corporate boards. She is managing director of the Office of the General Counsel, which includes Government Relations, Legal, Compliance, and Investment Stewardship. Mr. Loughridge joined Vanguard's board of directors in 2012. WebPresident & Chief Executive Officer. 13F filing from SSGA FUNDS MANAGEMENT INC, enter your Thank you for your interest in the U.S. Securities and Exchange Commission. State Street Global Advisors approach over the years has been to use constructive engagement to encourage two-way dialogue with boards while at the same time holding them accountable for improving disclosure, oversight, and strategy. Since joining Vanguard in 1997, Karin has held various leadership roles across the firm's corporate, institutional, and individual investor groups. 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. He was previously the George Gund Professor of Finance and Banking at the Harvard Business School. 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. 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. As our now State Street Chairman & CEO, Ron OHanley, said in 2017 when he was CEO of State Street Global Advisors: Long-term value begins at the board. Despite all of the changes we have witnessed in these intervening six years, his words remain true today and continue to guide us in our mission to serve all investors. Thats why this Wall Street-funded sculpture will never be a symbol to embrace. Tom joined Vanguard in 1988 and has held various management positions since then. Most recently, he was head of Retail Client Services and Operations. 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. 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. Mr. Malpass joined the Vanguard board in 2012. He is also a member of the Franklin Institute board of trustees. Intergovernmental Panel on Climate Change. [[]] %%State Street Corporation%%. Please note all AUM is unaudited. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Ronald P. O'Hanley is a Chairman, President & Chief Executive Officer at State Street Corp., a Chairman & Chief Executive Officer at SSgA Funds Management, Inc., a References to State Street may include State Street Corporation and its affiliates. Unfortunately, more than 1 in 5 companies in the S&P 500 provide limited transparency into how they manage their directors time commitment.5 Shareholders expect boards to effectively govern themselves with respect to the ability of directors to devote adequate time to the boards work. email address below and choose 'Submit'. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information. from Johns Hopkins University and an M.B.A. from The Wharton School at the University of Pennsylvania. In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank[8] with the mission of expanding globally:[6] first London, 10 more international locations by 1994,[9] with 15 by 1999. The returns on a portfolio ofsecurities which exclude companies that do not meet the portfolio's specifiedESG criteria may trail the returns on a portfolio of securities which includesuch companies. He joined Vanguard's board in 2008. in insurance from Pennsylvania State University and an M.B.A. in finance from the Wharton School of the University of Pennsylvania. We believe that the risks and opportunities we identify are important for portfolio companies to manage and boards to oversee, and our clients expect us to encourage effective portfolio company disclosure of material information in those areas. 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. State of Wisconsin Investment Board Financial Services Karin Risi is managing director of Vanguards Strategy, Product, Marketing and Communications division, which is responsible for Vanguard's global investment product development and oversight, enterprise strategy and business development, and global marketing and communications.

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