State Street Global Advisors
 |
|
| Subsidiary | |
| Industry | Financial services |
| Founded | 1978 |
| Founder | Scott F.Powers, President & CEO |
| Headquarters | Boston, Massachusetts, United States |
| Products | Asset management, Mutual funds, Exchange-traded funds |
| AUM |
 $2.4 trillion |
|
Number of employees
|
2,500+ |
| Parent | State Street Corporation |
| Website | www |
State Street Global Advisors (SSgA) is the investment management division of State Street Corporation and the world’s third largest asset manager, with more than $2.4 trillion (USD) in assets under management as of 30 June 2014.
The company services financial clients by creating and managing investment strategies for non-profit foundations, businesses, corporations, associations, governments, educational institutions, and religious organizations. In addition to institutional services, SSgA produces investment vehicles for the retail market in the United States, Europe, Asia, and Australia.
SSgA employs 2,400 people in 25 locations (11 of which handle assets) around the world.
The asset management division of State Street Bank was founded in 1978 in Boston, Massachusetts. Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. By 1989 the division had $53 billion (USD) in assets under management.
In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank with the mission of expanding globally. SSgA opened its first global office in London. By 1994 SSgA had offices in Brussels, Hong Kong, Toronto, Paris, Sydney, Tokyo, Dubai, San Francisco, Montreal, and Atlanta. Between 1995 and 1999 five more offices opened in Munich, Zürich, Santiago, Singapore, and Chicago. From 2000 to 2007 SSgA set up operations in Milan, Bangalore and Melbourne.
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Wikipedia