State Street Global Advisors (SSGA) has promoted Jim Ross (pictured), currently head of the SPDR ETF business, as chairman for Global SPDR and SSGA Funds Management.
At the same time, Nick Good, current chief operating officer of the North American Intermediary Business Group, and Rory Tobin, current head of European Distribution, will now each become co-heads of Global SPDR.
“Jim is already an important and influential thought leader in the ETF industry and now he will be taking on an even more active role in advancing our ETF strategy and shaping the global ETF markets,” said Ron O’Hanley, president and chief executive officer of SSGA.
“Nick and Rory are industry veterans who will now have executive responsibility and accountability for Global SPDR,” O’Hanley added.
“Under this new structure and leadership team we can build on our past success, while responding more quickly to client demands.”
“As ETF markets evolve globally and product innovation continues to rapidly expand throughout the industry, investors now more than ever need to strengthen their understanding of the long-term value of ETFs,” commented Ross.
“SSGA has been a partner with our clients since the early days of index investing, and I look forward to spending more of my time sharing our point of view on how together we will continue to shape better outcomes for investors.”