State Street Global Advisors (SSGA) has promoted Rory Tobin to sole head of its global SPDR ETF business, as former co-head Nick Good is appointed to the newly-created role of chief growth and strategy officer.
Tobin will continue to report to president and CEO of SSGA Cyrus Taraporevala and will be solely responsible for managing the firm's $725bn ETF arm. The SPDR ETF head joined SSGA in 2014 from Barclays Asset Management where he was CEO and global investment and solutions head. Prior to Barclays AM, he served as co-CEO of iShares' international business, overseeing BlackRock's takeover of the ETF business from Barclays Global Investors in 2009. SSGA's Lesne on why the skill of ETF portfolio managers is critical to tracking benchmarks accurately Taraporevala said: "Rory is an accom...
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