State Street Global Advisors Strengthens its Global ETF Business

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that it has strengthened its ETF business globally through new roles for several leaders and by unifying distribution and infrastructure accountability under a new Global SPDR business.

Jim Ross, current head of SSGA’s SPDR ETF Business and Intermediary Distribution, has been named chairman, Global SPDR and SSGA Funds Management. 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,” added O’Hanley. “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,” said 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.”

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2 trillion as of March 31, 2016. AUM reflects approx. $33B (as of 3/31/2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

Important Information

Standard & Poor’s, S&P and SPDR are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900

(c) 2016 State Street Corporation -- All rights Reserved

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.

Not FDIC Insured • No Bank Guarantee • May Lose Value

CORP-1969

Exp. Date: 5/31/2017

View source version on businesswire.com: http://www.businesswire.com/news/home/20160511006156/en/