Thursday, 30 March 2017
Last updated 6 hours ago
Feb 16 2017 | 10:13pm ET
State Street Global Advisors has promoted Olivia Engel to the newly-created position of deputy chief investment officer for its global active quantitative equities team.
Engel currently serves as SSGA’s head of active quantitative equity in the Asia Pacific region, the company said. She will relocate from Australia to Boston in March to take up her new role alongside Ted Gekas, chief investment officer of the active quantitative equities (AQE) team, before his planned departure at the end of 2017.
In her new position, Engel role will continue global oversight of all benchmark-unaware strategies (i.e. portfolios that are not constructed relative to benchmarks) as well as adding responsibilities for the broader AQE research agenda, portfolio management and product innovation. She has directed all of the company’s global benchmark-unaware strategies since 2013.
Engel joined SSGA in Australia six years ago. Beforehand, she held senior-level investment management positions at GMO, Colonial First State Global Asset Management and Commonwealth Investment Management.
“I am confident that in Olivia’s expanded role she will build upon the great success she has had at SSGA,” said Rick Lacaille, chief investment officer at State Street Global Advisors. “Her strong leadership skills and extensive knowledge of the active quantitative equity space and the challenges facing our clients today make her a natural fit to step into this role.”
Founded in 1978, SSGA is the investment management division of State Street Corporation. The company is one of the largest and most comprehensive money managers in the world, with more than $2.47 trillion in assets under management as of December 31, 2016.