Investing involves risk including the risk of loss of principal. Founded in 2001, SSgA Funds Management Inc is an investment firm that offers a wide variety of services, including portfolio management, investment advisory services, and financial planning. STATE STREET CORPORATION : Shareholders Board Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. Vanguards senior management team is made up of eleven managing directors who are elected by the board of directors. This article relies excessively on references to primary sources. State Street Global Advisors ( SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, [1] with nearly $4.14 trillion (USD) [2] in assets under management as of 31 December 2021. [3] In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products. In October 2017, SSGA agreed to pay over $5 million in back pay and interest to settle allegations the company underpaid women and African-American employees. The Fund pays State Street Bank and Trust Company for its services as custodian, transfer agent and shareholder servicing agent and pays SSGA Funds Management, Inc., an affiliate of State Street Bank and Trust Company, for investment advisory services. Ssga Funds Management is a hedge fund with 279 clients and discretionary assets under management (AUM) of $894,513,485,797 (Form ADV from 2022-11-28). [28], In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment. Fulfilling the fiduciary duty it owes to its clients is an investment managers most important responsibility. Get to know the team. Karin Risi is managing director of Vanguards Strategy, Product, Marketing and Communications division, which is responsible for Vanguard's global investment product development and oversight, enterprise strategy and business development, and global marketing and communications. Deanna Mulligan served as The Guardian Life Insurance Company's chief executive officer from 2011 until October 2020 and as its president from 2010 to 2019. President & Chief Executive Officer Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data. Source: Vanguard. This document contains certain statements that may be deemed forward-looking statements. Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Global Advisors, Inc.. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company.[5]. Proxy Voting and Engagement Guidelines - prd-ams.ssga.com Before investing, consider the funds' investment objectives, risks, charges and expenses. Ronald P. O'Hanley is a Chairman, President & Chief Executive Officer at State Street Corp., a Chairman & Chief Executive Officer at SSgA Funds Management, Inc., a There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information. In addition to institutional products, SSGA has 46 ETF investment products in the US market,[25] as of March 2007. I look forward to continuing to work together with board directors like you in the years to come. She started her career in private law practice and went on to serve as counsel with Deloitte Consulting before moving to American Express in 2003. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Yie-Hsin Hung Underpinning all of this work is the importance of effective board oversight, which has always been a cornerstone of our asset stewardship approach, given that the strength, independence, and effectiveness of boards is critical to ensuring the long-term value of a firm.4 In my experience, I have found that boards are not only the conduit between investors and management teams, but also often are best positioned to keep management focused on long-term strategy and provide needed perspective and governance with respect to material risks and opportunities facing the companies in which we invest our clients asset. Institutional asset management from State Street Global Advisors' Investment Solutions Group (ISG) Powered by SPDR ETFs The underlying funds for the investment options offered in the plan are ETFs and, where applicable, mutual funds managed by SSGA Funds Management, Inc. At State Street, we promise to treat your data with respect and will not share your information with any third party. SSGA creates customized investment strategies for institutions. from Saint Joseph's University and an M.B.A. from Harvard Business School. He was vice chairman of Mellon Financial Corporation and president and chief executive officer of Mellon Asset Management. Investment Advisor Webi These Proxy Voting and Engagement Guidelines (the Guidelines) are also applicable to SSGA Funds Management, Inc., State Street Global Advisors Trust Company, and other advisory affiliates of State Street controls and risk management systems, which should be governed by the board. The Sculpture of a Fearless Girl on Wall Street Is Fake Corporate Feminism. Previously, Joe served as head of Vanguard Equity Index Group, chief investment officer of the Asia Pacific region, a director of Vanguard Investments Australia, and head of Vanguard Portfolio Review Department. President & CEO, State Street Global Advisors, 1 e.g., Donangelo et al., Rouen et al., Edmans, 2 e.g., McKinsey, Bernile et al., BoardReady. During his tenure with McKinsey, Mr. O'Hanley served in the firms Boston, New York, and Stockholm offices. All rights reserved. Each year we have worked to evolve the way we engage with boards to understand how they are conducting their oversight and other governance responsibilities. 2023 State Street Corporation. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. Leadership - State Street Global Advisors How do I update this listing? SSGA FD and State Street Global Advisors are affiliated. Mr. Buckley currently serves as a trustee and vice chair of The Shipley School. SSgA Upromise 529 Fixed Income Funds Investment ERISA Litigation", "Administrative Proceeding: State Street Bank and Trust Company", "Class action sought in State Street suit", "The firm behind "Fearless Girl" will pay $5 million for salary discrimination against women", "Firm Behind Fearless Girl Agrees to $5 Million Pay Discrimination Settlement", SSGA's site for exchange traded funds (ETFs) and mutual funds. Thats why this Wall Street-funded sculpture will never be a symbol to embrace. 4 Figures are as of February 28, 2023. This will continue to be our approach in the years ahead. Please declare your traffic by updating your user agent to include company specific information. He served at Mellon and Bank of New York Mellon from 1997 to 2010. Delayed Nyse Source: Vanguard. He also previously served as an assistant professor at the Wharton School of the University of Pennsylvania. in economics from Fairfield University and an M.S. As such, in the year ahead we will be looking to the nominating and governance committees of portfolio companies to be responsible for establishing and enforcing, as well as disclosing, robust director time commitment policies. ***Log In or He joined Vanguard in 1991 and has held a number of senior leadership positions, including chief information officer from 2001 to 2006 and head of the Retail Investor Group from 2006 to 2012. His responsibilities include serving as a principal point of contact for the independent directors, who appoint the chairman of the board. She earned an M.B.A. from Villanova University in 2009. Anne joined Vanguard in 2016. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You should consult your tax and financial advisor. 5 Click the link to obtain aprospectus or summary prospectuswhich contains this and other information, or by calling 1.877.521.4083. Find out more. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Most recently, he was head of Retail Client Services and Operations. SSGA partners with seven companies in various markets to produce local investment strategies for clients. All rights reserved. 3 Institutions including the Bank of England, the IMF, and the Federal Reserve have all asserted these risks, as has the UN-sponsored Intergovernmental Panel on Climate Change. * denotes Directors of State Street Bank and Trust Company, a Massachusetts state-chartered company. She has served on the boards of Out & Equal, the University of California, Berkeley School of Engineering and Santa Clara University's Leavy School of Business. Mark Loughridge is the board's lead independent director. He holds a bachelor's degree from Bloomsburg University of Pennsylvania and an M.B.A. from Drexel University. You can view more information on Ssga Funds Management including private fund info, contact info, top management and executives, website, email addresses, and more below: This website uses cookies to improve your experience. View the latest funds and 13F holdings. Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. Sign-up All text and design is copyright 2020 WhaleWisdom.com. Mr. Loughridge joined Vanguard's board of directors in 2012. Mike holds a B.S. Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment management arm of State Street Corporation with $3.62 trillion* in assets under management. He also served as a fiduciary member of IBM's Retirement Plan Committee. Before that he led MassMutual's Capital Markets division. He joined Vanguard in 2019 to lead the Chief Technology Office and previously served as a consultant and partner for Deloitte Consulting, leading their Financial Services Cloud practice. And, as an industry participant and senior leader in the investment management industry for the past 25 years, I have always admired State Street Global Advisors value-driven stewardship efforts, and its pragmatic and consistent approach to promoting sound governance practices with the boards of companies in its clients investment portfolios. Vanguard is the trusted name in investing. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. Ronald O'Hanley - Biography - MarketScreener.com Before joining Vanguard, Lauren earned a B.S. Tim currently serves as a trustee and vice chair of The Shipley School. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. in insurance from Pennsylvania State University and an M.B.A. in finance from the Wharton School of the University of Pennsylvania. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. BOSTON, MA Find out more. Sarah Bloom Raskin has served as the deputy secretary of the U.S. Department of the Treasury, as a governor of the Federal Reserve Board, and as the commissioner of financial regulation for the state of Maryland. WebCorporate Governance - Board of Directors | State Street Bank and Trust Company Board of Directors Ronald P. O'Hanley * Chairman Read Biography Amelia C. Fawcett * Lead
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