SSgA Creates New Product Development Position

Sep 22 2006 | 12:00am ET

State Street Global Advisors has appointed Peter Leahy to the newly created position of chief product officer. In this role, Leahy will oversee product development from conception to market launch. He will also be responsible for regularly assessing and modifying SSgA’s existing products.

“In an environment where the search for alpha is accelerating, this position enables us to stay at the cutting edge of excellence in new product development,” said William Hunt, president and CEO of SSgA.

This year, SSgA introduced nine exchange-traded funds, various absolute return strategies including a customizable multi-alpha vehicle with nine underlying uncorrelated strategies, a commingled product for liability-focused investors and a variety of extension strategies in order to exploit value by loosening constraints on active managers.

Leahy has been with SSgA for 15 years, most recently as chief operating officer. He joined the company’s Global Structured Products group in 1991, managing it from 1996 to 2004.

Otello Sturino will assume the role of chief operating officer, while retaining responsibility for the group’s business in Canada, which he has managed since 2004.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...