$3.9 Trillion Asset Manager State Street Expands ETF Team in Asia-Pacific
1st October 2021 | Hong Kong
State Street Global Advisors, the world’s 4th largest asset manager with $3.9 trillion AUM, has announced 4 new appointments in the SPDR ETFs business in Asia-Pacific including the appointment of Head of ETF Model Portfolios Asia Pacific & EMEA Kathleen Gallagher (Sydney) as Head of SPDR ETFs Australia. Robin Tsui has expanded his role to Asia Pacific gold strategist and gold sales specialist for Hong Kong. State Street has also made 2 new hires, Marie Tsang (Sydney) joining from BlackRock as SPDR fixed income strategist APAC and Jean Gan (Singapore) joining from MUFG Securities as SPDR fixed income sales specialist for Singapore, Hong Kong and Australia. All 4 new appointments will be reporting to Meaghan Victor, who is State Street Global Advisors Head of SPDR ETFs Asia Pacific Distribution. (AUM ~ Assets under Management)
“ $3.9 Trillion Asset Manager State Street Expands ETF Team in Asia-Pacific “
SPDR Exchange Traded Funds (ETFs) are issued by State Street Global Advisors to track indexes or benchmarks
Meaghan Victor, Head of SPDR ETFs Asia Pacific Distribution at State Street Global Advisors:
“Our SPDR ETFs business in Asia Pacific is one of State Street Global Advisors’ priorities and we are delighted to continue to invest in more top talent and resources and demonstrate our commitment to the region. Kathleen and Robin’s expanded roles, alongside the two newly created roles of SPDR fixed income strategist and SPDR fixed income sales specialist, reflect our commitment to meeting the increasing demand from our clients and strengthening our capabilities in the fixed income market in the region.
The addition of these fixed income roles will champion the strategic growth of SPDR’s fixed income products and strategies in the region. With declining US Treasury yields, the yield pickup of Asian bonds has become very attractive to investors. With their extensive experience and knowledge in the industry, Kathleen, Marie, Jean and Robin are uniquely positioned to build on the continued success of the SPDR ETFs business in the region, and to achieve SPDR fixed income net new assets and revenue growth in Asia Pacific in particular.”
Kathleen Gallagher, Head of SPDR ETFs Australia & Head of ETF Model Portfolios Asia Pacific and EMEA:
“The Australian ETF market has grown five-fold in the last five years to hit AUD 122.78 billion, with even conservative estimates putting it on track to double again by 2024.
We are committed to strengthening our relationships with clients and continuing to grow our SPDR ETFs business in Australia, and indeed the entire Asia Pacific, and leveraging our local knowhow and global capabilities to provide investors with a comprehensive suite of investment solutions that meet their evolving needs.”
Related:
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- Deutsche Private Bank Launches 4 Funds with Regular Income Using ETFs, AUM at $4.1 Billion
- The First ETF Cross-Listing on Hong Kong and Shanghai Exchange, HK ETF AUM at $51 Billion
- $2 Trillion Asset Manager Amundi to Buy $147 Billion ETF Pioneer Lyxor for $978 Million
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