State Street appoints new head of ETF model portfolios
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State Street appoints new head of ETF model portfolios 26 March 2018London Reporter: Jenna Lomax
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State Street Global Advisors (SSGA) has appointed Kathleen Gallagher as head of exchange traded funds model portfolios for Europe, Middle East and Africa and Asia Pacific.
Gallagher, who will be based in London, will report to Rory Tobin, global head of standard and poor's depository receipt (SPDR) ETFs.
Gallagher will be responsible for delivering SSGA’s institutional multi-asset class investment capabilities to the intermediary market, primarily through managed ETF portfolios.
Prior to joining State Street Global Advisors, Gallagher spent five years consulting at various financial firms with a focus on multi asset class investments including BlackRock and Barclays.
Gallagher also worked at Global Investors for four years, initially as an asset allocation strategist and then as head of investment strategy in the iShares’ solutions team.
In both roles she was responsible for the research and development of multi asset solutions including managed ETF portfolios.
Commenting on Gallagher’s appointment, Tobin said: “Increased regulation and changing policy on fees mean advisers face tougher conditions in which to build viable businesses.”
He added: “Kathleen Gallagher’s expertise working with clients to create investment portfolios tailored to their investment profile will allow us to combine the best of SPDR ETFs and SSGA’s institutional asset allocation capability. We are delighted to welcome her to the firm.”
Gallagher commented: “With a wide array of investment tools available, it can be challenging for advisors to navigate the proliferation of investment products offered. Model portfolios can help bring investment strategies to life for end investors, allowing them to map their investment strategy to their individual risk appetite, time horizon and return requirements.”
She added: “Whatever the desired outcome, with a long heritage working with advisors in the US and the UK following similar transitions, State Street Global Advisors is well—positioned to work with investors to meet the challenges ahead.”
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