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State Street Global Advisorsa? Lynn Blake to Succeed Paul Brakke as Head of Index Equity

^{Published on 2010-05-12 06:41:35 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced that Lynn Blake, a 23-year SSgA veteran will assume the role as global head of Index Equity following the retirement of Paul Brakke, 53, senior managing director and head of the Global Structured Products Group at the end of the year.

"This is a seamless transition from one indexing industry veteran to another"

Blake, 45, who will report to Rick Lacaille, global chief investment officer for SSgA, will assume the leadership role from Brakke who plans to retire on December 31, 2010 after nearly two decades at State Street Global Advisors.

aThis is a seamless transition from one indexing industry veteran to another,a said Lacaille. aLynn and Paul have worked side-by-side in SSgAa™s Global Structured Products Group for almost two decades building a strong team and delivering solutions for our clients. Lynn is a seasoned professional who is a passionate advocate for index managementa"a cornerstone of SSgAa™s business. Wea™re confident in her ability to leverage the teama™s seasoned professionals and global resources to ensure that SSgA remains at the forefront of innovation in indexation.a

Blake joined SSgA in 1987 and has held several senior positions within the organization, most recently head of non-US markets in the Global Structured Products Group. She has also served as a portfolio manager for several non-US index equity portfolios. A CFA charter member, Blake is also a member of SSgAa™s Senior Management Group and Fiduciary Review Committee.

SSgA has decades of experience providing index equity solutions that can track almost any benchmark. Its strategic advantages are reflected by five core strengthsa"experience, breadth, flexibility, internal liquidity, and size. Today, SSgAa™s Global Structured Products Group manages US $682 billion in index equity assets.

About State Street Global Advisors

State Street Global Advisors, investment management business of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.9 trillion in assets under management at March 31, 2010, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at [ www.ssga.com ].