ssga funds management, inc board of directors

State Street Global Advisors, One Iron Street, Boston, MA 02210-1641. All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. If you experience any issues with this process, please contact us for further assistance. 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. WebInstitutional ownership Institutional investors hold a majority ownership of STT through the 92.15% of the outstanding shares that they control. The acquisition was first announced in October 2010 for approximately 57 million. After submitting your request, you will receive an activation email to the requested email address. Ms. 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. Anne joined Vanguard in 2016. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. As boards have increasingly focused on managing longer-term risks and opportunities, their governance, committee structure, and effectiveness have become that much more important. 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. State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 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. The information provided does not constitute investment advice and it should not be relied on as such. 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. Chris holds a B.S. At State Street, we promise to treat your data with respect and will not share your information with any third party. All material has been obtained from sources believed to be reliable. Tim holds an A.B. Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. 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. Mr. Volanakis has been a Vanguard director since 2008. *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. Bunch became a Vanguard director in 2021. As of 2006, one-third of assets under management were from non-US investors. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company.[5]. from Johns Hopkins University and an M.B.A. from The Wharton School at the University of Pennsylvania. Before that he led MassMutual's Capital Markets division. Reference ID: 0.55012417.1683010126.17bb16f5. United States. in business administration from Georgetown University and a postgraduate degree from the Kellogg School of Management at Northwestern University. And, as an industry participant and senior leader in the investment management industry for the past 25 years, I have always admired State Street Global Advisors value-driven stewardship efforts, and its pragmatic and consistent approach to promoting sound governance practices with the boards of companies in its clients investment portfolios. During this time, he also served as vice chairman of Bank of New York Mellon Corporation and was a member of its Executive Committee. 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 Rights Reserved. Outside of Vanguard, he served as chairman of the board of Children's Hospital of Philadelphia from 2011 to 2017. In addition to institutional products, SSGA has 46 ETF investment products in the US market,[25] as of March 2007. 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 He has been a Vanguard director since 2009. 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. It should not be considered a solicitation to buy or an offer to sell a security. 5 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. He is a member of the board of governors of the Investment Company Institute and of FINRA. in finance and an M.B.A. from Villanova University. At the Special Meeting, the Trusts Tom joined Vanguard in 1988 and has held various management positions since then. WebPresident & Chief Executive Officer. He has been a Vanguard director since 2004. WebContact Details for Ssga Funds Management. Mr. Loughrey is a member of the advisory council for the College of Arts and Letters and the chairman of the advisory board to the Kellogg Institute for International Studies, both at the University of Notre Dame. Investment Advisor SEC Filings include 13F quarterly reports, 13D/G events and more. [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]. 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. 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. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Compare against similar firms. 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 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. WebMr. The products and services described on this web site are intended to be made available only to persons in the United States, and the information on this web site is only for such persons. 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. 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. in economics from Fairfield University and an M.S. 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. He is also a member of the Franklin Institute board of trustees. 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. 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. President & Chief Executive Officer Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment 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. Matthew Benchener is managing director of Vanguard Personal Investor, which serves individual clients and small businesses. She is managing director of the Office of the General Counsel, which includes Government Relations, Legal, Compliance, and Investment Stewardship. Distributor:State Street Global Advisors Funds Distributors, LLC, memberFINRA,SIPC, an indirect wholly owned subsidiary of State Street Corporation. 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. Joe earned a B.A. Dmitri Stockton, Chairman, President and CEO of GEAM, said, SSGA is another outstanding investment firm with an expanded distribution network and $2.3 trillion in assets under management. 2023 State Street Corporation. 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). Corporate feminism always ends up betraying womens struggle for justice. 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. Please read it carefully before investing. 4 Figures are as of February 28, 2023. All rights reserved. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. [[]] %%State Street Corporation%%. He is a former professor of business administration at Harvard Business School and the former dean of Georgetown Universitys McDonough School of Business. Our commitment to pragmatic stewardship and our focus on long-term value creation remain steadfast. He received his Bachelor of Arts degree in political science from Syracuse University in 1980 and his Master of Business Administration from Harvard Business School in 1986. The SSGA Funds pay State Street Bank and Trust Company for its services and custodian, transfer agent and shareholder servicing agent and pays SSGA Funds Management, Inc. for investment advisory services. 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. 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. 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. [20] While some have seen it as an encouragement of women in business, some women criticized the statue as "corporate feminism" that violated their own feminist principles.[21][22][23]. 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. download a prospectus or summary prospectus. Thank you for your interest in the U.S. Securities and Exchange Commission. Note: We do not offer technical support for developing or debugging scripted downloading processes. in economics from Harvard College and an M.B.A. from Harvard Business School. Mr. Malpass joined the Vanguard board in 2012. The Fund pays State Street Bank and Trust Company for its services as custodian, transfer agent and shareholder servicing agent and pays SSGA Funds Management, Inc., an affiliate of State Street Bank and Trust Company, for investment advisory services. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Ssga Funds Management, Inc controls $894.5 billion in assets throughout 249 customer accounts, making it one of the largest financial advisory firms in the nation The information provided does not constitute investment advice and it should not be relied on as such. SSGA partners with seven companies in various markets to produce local investment strategies for clients. Lauren Valente is managing director of Vanguard's Human Resources division, which is responsible for talent, leadership, and culture. He is currently a director of DTE Energy Company. Find out more. She joined Citigroup in 2014 as managing director and general counsel of global cards and consumer services. Joseph Loughrey is the retired president and chief operating officer of Cummins Inc. and retired chairman of the board of Hillenbrand, Inc. 13F filing from SSGA FUNDS MANAGEMENT INC, enter your Mr. Buckley holds an A.B. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. 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. For more information, please see the SECs Web Site Privacy and Security Policy. We offer one of the broadest ranges of strategies across asset classes, risk profiles, 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. Not FDIC Insured * No Bank Guarantee * May Lose Value. The trademarks and service marks referenced herein are the property of their respective owners. The bronze statue installed by an advertising firm and a financial firm represents basically everything thats wrong with our society. 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 . He holds a bachelor's degree from Bloomsburg University of Pennsylvania and an M.B.A. from Drexel University. 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/. 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. SSGA creates customized investment strategies for institutions. [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. 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. 3 Assets under management are as of February 28, 2023. He is a CFA charterholder and a member of the CFA Society of Philadelphia. While values are important to all of us, in this context we focus exclusively on value: how to drive long-term portfolio value. 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. Yie-Hsin Hung Mark Loughridge is the board's lead independent director. Investing involves risk including the risk of loss of principal. 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. 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. Each of these topics presents short- and long-term risks and opportunities to companies across our portfolio. While shareholder proposals can be effective at raising awareness on certain issues and we will support them when both reasonable and likely to maximize long-term value for clients proposals are non-binding in most markets and often too prescriptive. He is also a graduate of Harvard Business School's Advanced Management Program. [citation needed]. John joined Vanguard in 2008 and has held leadership roles in the company's Financial Advisor Services division and overseen its Australian operations in Melbourne. The shareholders also demanded Brian Kelly, the chairman of the companys board of directors, and Robert Morgado, the companys lead independent director 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 For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. He serves as chair of the board of trustees of Saint Anselm College. Mike joined Vanguard in June 2016 and was previously executive vice president and CFO of MassMutual Financial Group. Previously, he was Vanguard's chief investment officer, overseeing the company's internally managed stock, bond, and money market portfolios as well as its investment research and methodology. He joined Vanguard in 1997. 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. "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. He earned a B.A. 5 The Vanguard Funds are overseen by boards of trustees. Before investing, consider the funds' investment objectives, risks, charges and expenses. WebPresident & Chief Executive Officer. The same individuals serve on the Vanguard board of directors and the funds' boards of trustees. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. SSGA FD and State Street Global Advisors are affiliated. Fixed Income Funds Investment ERISA Litigation", "Administrative Proceeding: State Street Bank and Trust Company", "Class action sought in State Street suit", "The firm behind "Fearless Girl" will pay $5 million for salary discrimination against women", "Firm Behind Fearless Girl Agrees to $5 Million Pay Discrimination Settlement", SSGA's site for exchange traded funds (ETFs) and mutual funds. 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. WebInstitutional investors purchased a net $918.8 thousand shares of DLTR during the quarter ended April 2019 and now own 101.85% of the total shares outstanding. Investing involves risk including the risk of loss of principal. By using this site, you are agreeing to security monitoring and auditing. Dr. Thomas joined Vanguards board in 2021. All rights reserved. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. He was previously the George Gund Professor of Finance and Banking at the Harvard Business School. 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 All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. *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. Outside of Vanguard, he served as chairman of the board of Children's Hospital of Philadelphia from 2011 to 2017. WebAbhishek Kumar is a Managing Director and the Sector Head for Emerging Markets Debt within He joined SSGA LTD in 2010. Please declare your traffic by updating your user agent to include company specific information. Anne earned a bachelor's degree in political science from Hampton University and a J.D. You should consult your tax and financial advisor. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. I look forward to continuing to work together with board directors like you in the years to come. [24] SSGA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds). Sign-up Copyright 2023 Surperformance. 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. As shown below, Vanguard's board is diverse across multiple dimensions. He is a member of the board of governors of the Investment Company Institute and of FINRA. or to simply have an email sent to you whenever we receive a new Fulfilling the fiduciary duty it owes to its clients is an investment managers most important responsibility. 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. The Sculpture of a Fearless Girl on Wall Street Is Fake Corporate Feminism. 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] 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. BOSTON, MA President & Chief Executive Officer Before joining Vanguard, Lauren earned a B.S. Delayed Nyse Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. 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. THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY. She earned an M.B.A. from Villanova University in 2009. In this capacity, the team drives our DEI vision, goals, and accountability across Vanguard and tracks our progress. Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. 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. Nitin previously led Vanguards Retail and Corporate Systems within the Information Technology division. This document contains certain statements that may be deemed forward-looking statements. CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute.

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