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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. View More Information About Our Firm: FINRA's BrokerCheck. President & Chief Executive Officer Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment The information provided does not constitute investment advice and it should not be relied on as such. As the new President & CEO of State Street Global Advisors, I am excited to join this firm for a number of reasons, not least of which is the size, scope, and reach of our business, and the responsibility we have to our global client base. Mark Loughridge is the board's lead independent director. 5 The Vanguard Funds are overseen by boards of trustees. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices. The views expressed in this material are the views of Yie-Hsin Hung through the period ended March 17, 2023 and are subject to change based on market and other conditions. Disclosure related to each of the State Street Institutional Liquid Reserves Fund:You could lose money by investing in the Fund. from Columbia University Law School. 2023 State Street Corporation. WebAbhishek Kumar is a Managing Director and the Sector Head for Emerging Markets Debt within He joined SSGA LTD in 2010. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. In addition to institutional products, SSGA has 46 ETF investment products in the US market,[25] as of March 2007. Vanguard recognizes the importance of diversity in the composition of corporate boards. 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. Ms. As shown below, Vanguard's board is diverse across multiple dimensions. *This figure is presented as of March 31, 2023 and includes approximately $65.03 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. 5 Shareholders expect boards to effectively govern themselves with respect to the ability of directors to devote adequate time to the boards work. John James is managing director of Vanguard's Institutional Investor Group, which serves the investment needs of employers offering company-sponsored retirement plans as well as organizations such as endowments and foundations. ***Log In or 1 Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard. SEC form, multiple filers or classes of filers, and much more.***. Most recently, Chris was head of Vanguard's Planning and Development Group, now known as Strategy, Product, Marketing, Communications Group; before that, he was head of the Institutional Investor Group. Scott Malpassserves as a member of the board of Catholic Investment Services, Inc., and as a member of the board of superintendence of the Institute for the Works of Religion. 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. SEC Filings include 13F quarterly reports, 13D/G events and more. [10], SSGA invented the investment vehicle known as the exchange-traded fund (ETF) in 1993 with the introduction of the S&P 500 SPDR product (Ticker: NYSEArca:SPY),[11] which is traded on the American Stock Exchange. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. SSGA Funds Management Inc Click the link to obtain aprospectus or summary prospectuswhich contains this and other information, or by calling 1.877.521.4083. John earned an M.B.A. from the University of Adelaide and holds certificates from both the Wharton Advanced Management Program at the University of Pennsylvania and the Advanced Human Resource Executive Program at the University of Michigan. For example, this past year, after our team identified shortcomings in board oversight and governance at a large, diversified e-commerce company, we voted against the Compensation Committee Chair. He is on the Board of Directors at The Financial Services Forum, State Street Bank & Trust Co. (UK Branch), Unum Group, The Conference Board, Inc., Boston Public Library Foundation, Institute of Contemporary Art, IYRS School of Technology & Trades, Rhode Island Commerce Corp. (United States), The Boston Foundation, The EastWest Institute, WBUR Boston and Committee for Economic Development. All material has been obtained from sources believed to be reliable. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Dmitri Stockton, Chairman, President and CEO of GEAM, said, SSGA is another outstanding investment firm with an expanded distribution network and $2.3 trillion in assets under management. View the FinSA disclosures, Not FDIC Insured * No Bank Guarantee * May Lose Value. In her previous role, Lauren was a principal in the defined contribution retirement plan business in Vanguard's Institutional Investor Group, where she led Participant Services and Operations. Investing involves risk including the risk of loss of principal. 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. He earned a B.A. Matt joined Vanguard in 2008. Outside of Vanguard, he served as chairman of the board of Children's Hospital of Philadelphia from 2011 to 2017. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. His responsibilities include serving as a principal point of contact for the independent directors, who appoint the chairman of the board. [4], SSGA employs 2,500 people in 28 countries around the world. All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Tim currently serves as a trustee and vice chair of The Shipley School. Because the share price of the Fund is expected to fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. All Rights Reserved. Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. These include characteristics beyond those illustrated here. download a prospectus or summary prospectus. They operate 3 private funds and have approximately $429.46 billion in total assets under management (AUM). From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. During his tenure with McKinsey, Mr. O'Hanley served in the firms Boston, New York, and Stockholm offices. Vanguards board includes 11 directors; 10 are independent directors with no affiliation with Vanguard or the Vanguard funds apart from any investments they may choose to make as individuals. 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. 5 Persons under these restrictions must not access the Site. As of 2006, one-third of assets under management were from non-US investors. She is managing director of the Office of the General Counsel, which includes Government Relations, Legal, Compliance, and Investment Stewardship. Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. Corporate feminism always ends up betraying womens struggle for justice. To that end, State Street Global Advisors has always focused its stewardship activities including engagements with portfolio companies, proxy voting activity, and thought leadership on long-term risks and opportunities facing portfolio companies. 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. She is the former vice president of AppleCare at Apple and previously served as a senior vice president at Hewlett Packard. At the Special Meeting, the Trusts Before that he led MassMutual's Capital Markets division. References to State Street may include State Street Corporation and its affiliates. Mr. Fullwood serves as a director of North Carolina A&T University, the Monroe Community College Foundation, United Way of Rochester, the University of Rochester Medical Center, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra; and as trustee of the University of Rochester. The bronze statue installed by an advertising firm and a financial firm represents basically everything thats wrong with our society. View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, commodity pool operator or commodity trading advisor, STATE STREET GLOBAL ADVISORS IRELAND LIMITED, STATE STREET GLOBAL ADVISORS ASIA LIMITED, STANDISH MELLON ASSET MANAGEMENT COMPANY LLC, BNY MELLON INVESTMENT MANAGEMENT CAYMAN LTD, SENIOR VICE PRESIDENT, BUSINESS AND INVESTMENT OPERATIONS. In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA. Lauren Valente is managing director of Vanguard's Human Resources division, which is responsible for talent, leadership, and culture. Emerson Fullwood is executive in residence at the Rochester Institute of Technology, where he was the 20092010 Distinguished Minett Professor. The products and services to which this communication relates are only available to such persons and persons of any other description (including retail clients) should not rely on this communication. Hedge Fund in finance from Drexel University. SSGA employs 2,500 people in 28 countries around the world. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company. [5] State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 [6] in Boston, Massachusetts . Chief Investment Officer, Fundamental Value Equities, CIO, Global Fixed Income, Currency & Cash, Global Head of ESG and Sustainable Investing, Head of SPDR Capital Markets and Strategic Partners, Global Head of SPDR ETF Strategy, Planning and Infrastructure, Head of European Institutional Distribution, Chief Technology Officer and Head of Transformation, Head of State Street Global Advisors India, Head of State Street Global Advisors Europe Ltd, Chief Operating Officer, Global Institutional Group, Head of State Street Global Advisors EMEA and Head of the Global SPDR ETF Business. SSGA FD and State Street Global Advisors are affiliated. He is chair of the board of trustees of Colby-Sawyer College and a member of the BMW Group Mobility Council. He has served in a variety of senior leadership roles, including chief marketing officer for Retail and in the firm's Institutional division and Corporate Strategy department. This page was last edited on 25 April 2023, at 13:42. Intergovernmental Panel on Climate Change. President & CEO, State Street Global Advisors, 1 e.g., Donangelo et al., Rouen et al., Edmans, 2 e.g., McKinsey, Bernile et al., BoardReady. Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. We have generally found that good disclosure reduces the tendency for shareholders to micromanage companies in which they invest. All text and design is copyright 2020 WhaleWisdom.com. Webin Fund Complex Overseen by Trustee Other Directorships Held by Trustee During Past 5 Years Independent Trustee William L. Marshall Born December 12, 1942 1301 Second Avenue, 18th Floor Seattle, WA 98101 Trustee since 1988 Chairman, Audit Committee Member, Governance Committee Member, Valuation Committee Investing involves risk including the risk of loss of principal. State Street Global Advisors launched the first foreign real estate ETF in 2006 (Ticker: In January 2011, State Street Global Advisors completed its acquisition of Bank of Ireland Asset Management (BIAM). Thats why this Wall Street-funded sculpture will never be a symbol to embrace. Going forward, we will continue using director and committee chair votes to encourage sound governance and oversight while holding relevant directors accountable on a case-by-case basis as outlined in our related guidance on Effective Board Oversight. [[]] %%State Street Corporation%%. Phone: 617 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. He served at Mellon and Bank of New York Mellon from 1997 to 2010. We believe that the risks and opportunities we identify are important for portfolio companies to manage and boards to oversee, and our clients expect us to encourage effective portfolio company disclosure of material information in those areas. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. Before that, he was based in London as the managing director of Vanguard's U.K. and European operations. Since joining Vanguard in 2003, she has held various roles in the organization's Institutional, Information Technology, and Retail divisions. Ssga Funds Management is based out of Boston. Additionally, he was a member of the Worldwide Property & Casualty Insurance practice. This communication is directed at professional clients (this includes eligible counterparties as defined by the appropriate EU regulator who are deemed both knowledgeable and experienced in matters relating to investments. Mr. Loughrey is a member of the advisory council for the College of Arts and Letters and the chairman of the advisory board to the Kellogg Institute for International Studies, both at the University of Notre Dame. Today, directors are busier than ever, reporting a 25% increase both in formal board meetings and number of days spent on director work4 often serving on multiple boards simultaneously. All rights reserved. from Johns Hopkins University and an M.B.A. from The Wharton School at the University of Pennsylvania. ssga The information provided does not constitute investment advice and it should not be relied on as such. [24] SSGA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds). Read it carefully before investing. Anne Robinson is general counsel of The Vanguard Group, Inc., and secretary of the Vanguard funds. The Company provides portfolio management, financial planning, and investment advisory services. Vanguards CEO and managing directors also serve as our Diversity, Equity, and Inclusion (DEI) Executive Council. In contrast, making subjective decisions to determine the caliber and time commitment of individual directors should be the job of well-governed boards themselves, not asset managers. Group Of Activision Shareholders Urge CEO Bobby Kotick, Two SSgA Funds Management Inc - Company Profile and News United States. 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. Leadership - State Street Global Advisors Nitin previously led Vanguards Retail and Corporate Systems within the Information Technology division. Kheng Siang Ng, CFA, is a Vice President and He joined SSGA Singapore in 2005. SSGA creates customized investment strategies for institutions. She joined Citigroup in 2014 as managing director and general counsel of global cards and consumer services. 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. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come, Transcript : State Street Corporation, Q1 2023 Earnings Call, Apr 17, 2023, Transcript : State Street Corporation, Q4 2022 Earnings Call, Jan 20, 2023, State Street CEO Warns of Geopolitical Risk, State Street CEO says had no idea about leverage in LDI funds, Transcript : State Street Corporation Presents at Goldman Sachs 2022 US Financial Services Conference, Dec-07-2022 09:20 AM, Transcript : State Street Corporation, Q3 2022 Earnings Call, Oct 18, 2022, State Street Global Advisors Inc. (Research), Rhode Island Commerce Corp. (United States), State Street Bank & Trust Co. (UK Branch). CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. The shareholders also demanded Brian Kelly, the chairman of the companys board of directors, and Robert Morgado, the companys lead independent director WebInstitutional ownership Institutional investors hold a majority ownership of STT through the 92.15% of the outstanding shares that they control. WebState Street Global Advisors Proxy Voting and Engagement Guidelines for Australia and New Zealand address our market-specific approaches to topics including directors and All rights reserved. WebState Street Global Advisors Proxy Voting and Engagement Guidelines for Australia and New Zealand address our market-specific approaches to topics including directors and boards, accounting and audit-related issues, capital structure, reorganization and mergers, remuneration, and other governance-related issues. Michael Rollings is chief financial officer and managing director of Vanguard's Finance division, which is responsible for corporate financial services, fund financial services, internal audit, and real estate and facilities management. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company.[5]. Yie-Hsin Hung
Ssga Funds Management, Inc - SmartAdvisor Match Tara Bunch is head of global operations at Airbnb where she oversees community support, trust and safety, and payments for Hosts and guests in 220 countries and regions. 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. Proxy Voting and Engagement Guidelines - prd-ams.ssga.com Please note all AUM is unaudited. State Street Global Advisors, One Iron Street, Boston, MA 02210-1641. Fee Waiver and/or Expense Reimbursement Arrangements 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. One Lincoln Street. Previously, he was Vanguard's chief investment officer, overseeing the company's internally managed stock, bond, and money market portfolios as well as its investment research and methodology. 4 Figures are as of February 28, 2023. 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. SSGA Funds Management 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. This document contains certain statements that may be deemed forward-looking statements. View the latest funds and 13F holdings. While shareholder proposals can be effective at raising awareness on certain issues and we will support them when both reasonable and likely to maximize long-term value for clients proposals are non-binding in most markets and often too prescriptive. [citation needed]. He received his Bachelor of Arts degree in political science from Syracuse University in 1980 and his Master of Business Administration from Harvard Business School in 1986. State of Wisconsin Investment Board Financial Services State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978[6] in Boston, Massachusetts. View More Information About Our Firm:FINRA's Brokercheck. 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. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGAs express written consent. STATE STREET CORPORATION : Shareholders Board Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Our 2023 stewardship priorities are to encourage transparency and disclosure in the areas of 1) effective board oversight, 2) climate risk management, 3) human capital management, and 4) diversity, equity and inclusion. He serves as chair of the board of trustees of Saint Anselm College. John joined Vanguard in 2008 and has held leadership roles in the company's Financial Advisor Services division and overseen its Australian operations in Melbourne. -, State Street to Participate in Autonomous Bernstein's 39th Annual Strategic Decisions Conference, Factbox-Industry targets of U.S. Republicans' anti-ESG efforts, The Shareholder Commons, Inc Files an Exempt Solicitation Statement and Urge Support for its Proposal, Other Investment Management & Fund Operators, BANK OF NEW YORK MELLON CORPORATION (THE), Sector Other Investment Management & Fund Operators, President, COO & Head-Investment Services, Chief Administrative Officer & Executive VP, Executive VP & Global Head-Investor Relations, Secretary, Executive VP & General Counsel, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (International Investors), Robert W. Baird & Co., Inc. (Fixed Income). Please read it carefully before investing. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Dr. Perold is a board member of RIT Capital Partners. Ms. Raskin is a member of the Regenerative Crisis Response Committee, partner in Kaya Corporatoin Ltd., and a member of the board of directors at Arcadia Corporation. Joseph Brennan is managing director and Vanguard's global chief risk officer.
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