The asset management business of State Street Corporation has announced a new Australian head of SPDR ETFs.
State Street Global Advisors has confirmed Kathleen Gallagher for the role, and she will take on the position in addition to her current role as head of ETF model portfolios Asia-Pacific and EMEA.
The new role will see Ms Gallagher, who has made the move to Sydney from the UK, develop and manage the SPDR ETFs business in Australia.
“The Australian ETF market has grown five-fold in the last five years to hit AUD 122.78 billion, with even conservative estimates putting it on track to double again by 2024,” Ms Gallagher said.
“We are committed to strengthening our relationships with clients and continuing to grow our SPDR ETFs business in Australia, and indeed the entire Asia-Pacific, and leveraging our local know-how and global capabilities to provide investors with a comprehensive suite of investment solutions that meet their evolving needs.”
Ms Gallagher’s appointment comes alongside three more hires, including Marie Tsang as SPDR fixed income strategist for Asia-Pacific; Jean Gan as SPDR fixed income specialist for Singapore, Hong Kong and Australia; and Robin Tsui in the expanded role of Asia-Pacific gold strategist and gold sales specialist for Hong Kong.
All four appointments will report to head of SPDR ETFs Asia-Pacific distribution, Meaghan Victor.
“Our SPDR ETFs business in Asia-Pacific is one of State Street Global Advisors’ priorities, and we are delighted to continue to invest in more top talent and resources and demonstrate our commitment to the region,” Ms Victor said.
“Kathleen and Robin’s expanded roles, alongside the two newly created roles of SPDR fixed income strategist and SPDR fixed income sales specialist, reflect our commitment to meeting the increasing demand from our clients and strengthening our capabilities in the fixed income market in the region.”
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
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