Wednesday, 1 April 2015
Last updated 49 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…