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State Street Global Advisors Names Global Head of ETF Product Development

^{Published on 2010-09-29 05:10:34 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced the appointment of Scott Ebner, as managing director and global head of ETF Product Development.

"Scott is a talented and well-respected expert who will help expand our SPDR family to meet increasing demand worldwide"

In this new role, Ebner will be based in State Street Global Advisorsa™ London office and responsible for developing, enhancing and launching State Streeta™s exchange traded funds worldwide. He reports to James Ross, senior managing director and global head of Exchange Traded Funds at State Street Global Advisors.

aScott is a talented and well-respected expert who will help expand our SPDR family to meet increasing demand worldwide,a said Ross. aHis experience and expertise offer a unique perspective that will enhance our ETF product development process.a

Ebner joins State Street Global Advisors from NYSE Euronext, where most recently he was senior vice president and Global Head of Exchange Traded Products, overseeing the listing and trading of ETFs, warrants, certificates, structured notes, investment funds and other exchange traded products across NYSE Euronexta™s global markets while based in Paris. Mr. Ebner was previously in charge of European Exchange Traded Products for NYSE Euronext. Prior to joining NYSE Euronext, Scott served as senior vice president of the ETF marketplace at the American Stock Exchange (AMEX).

aIa™m excited to join State Street, the firm that created the worlda™s first exchange traded fund in 1993, and many others that have transformed the market,a said Ebner. aThe ETF industry is currently a $1.2 trillion market globally, and despite its tremendous growth over the past seventeen years, additional product innovation and education are critical to unlocking the marketa™s full potential in the years ahead.a

State Street manages more than $200 billion in SPDR ETF assets worldwide (as of June 30, 2010) and is one of the largest ETF providers in the US and globally.

Note to Editors: SPDR® Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Streeta"in partnership with the American Stock Exchangea"created the first ETF in 1993 (SPDR S&P 500 a" Ticker SPY). Since then, wea™ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management that sophisticated investors worldwide rely on for a disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the worlda™s leading providers of financial services to institutional investors.

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.

SPDR22 is a registered trademark of Standard & Poor Financial Services LLC ("S&P") and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors' rights are described in the prospectus for the applicable product.