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State Street Global Advisors Names Global Head of Cash Business

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BOSTON--(EON: Enhanced Online News)--State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced the appointment of Barry F. X. Smith as global head of its Cash business. In this new position, Smith, 44, will be responsible for all non-investment activities associated with SSgA’s $500 billion global cash business, including distribution, pricing, product development, and client service. He reports to James Kase, executive vice a style='font-size: 10px; c

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									State Street Global Advisors Names Global Head
of Cash Business
February 01, 2010 03:08 PM Eastern Time  

BOSTON--(EON: Enhanced Online News)--State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced the appointment of Barry F. X. Smith as
global head of its Cash business.

In this new position, Smith, 44, will be responsible for all non-investment activities associated with SSgA’s $500
billion global cash business, including distribution, pricing, product development, and client service. He reports to
James Kase, executive vice president and head of Global Sales and Marketing, and will work closely with the cash
investment management team led by Steve Meier, executive vice president and Global Cash chief investment officer,
to ensure a cohesive approach to building the business.

With a disciplined investment process, SSgA has been managing cash for more than three decades and is today
among the leading managers in this asset class. Its cash investment team has extensive experience managing funds
through all market environments and has delivered consistently strong risk-adjusted performance.

“While SSgA is already among the leading managers of cash assets globally, it was clear that we needed an
experienced industry veteran to help drive the business to the next level,” said Kase. “Barry has spent his entire
career in the cash business and has a strong mix of leadership and business management skills that makes him
uniquely qualified to perform this role. We believe that the recent market crisis will create more opportunities for
firms like SSgA, which performed well and have emerged strongly from this market disruption. Barry’s addition to
our team will only serve to enhance this success.” 

Smith joins SSgA from BlackRock, where he most recently served as managing director and head of the Private
Label Cash Management business. There, he was a member of the global Cash Management Executive Group,
responsible for all aspects of distributing, managing and servicing the company’s liquidity management products.
Smith joined BlackRock via its acquisition of Merrill Lynch Investment Managers, where he served as head of
institutional cash management and in various sales and marketing management roles over the course of 19 years.
Smith holds a B.A. in financial economics from Saint Anselm College.

“I am very excited to be joining one of the largest and most well respected managers of cash in the world,” said
Smith. “The credit and portfolio management teams dedicated to cash management at SSgA are among the best in
the industry. It is a highly talented and experienced group with an institutional investment process that is well
positioned to address the needs of clients in a challenging and evolving liquidity marketplace.” 

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 December 31, 2009, State Street Global Advisors has
investment centers in Boston, Hong Kong, London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto and
Zurich, and offices in 26 cities worldwide. For more information, visit State Street Global Advisors at
www.ssga.com

Contacts
MEDIA CONTACT:
State Street Corporation
Arlene Roberts, 617-664-3933

Permalink: http://eon.businesswire.com/news/eon/20100201006998/en

								
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