SSgA's Blake to Succeed Brakke
13 May 2010 Boston
Image: Shutterstock
State Street Global Advisors (SSgA), the investment management business of State Street Corporation, today announced that Lynn Blake, a 23-year SSgA veteran will assume the role as global head of Index Equity following the retirement of Paul Brakke, 53, senior managing director and head of the Global Structured Products Group at the end of the year.
Blake, 45, who will report to Rick Lacaille, global chief investment officer for SSgA, will assume the leadership role from Brakke who plans to retire on December 31, 2010 after nearly two decades at State Street Global Advisors.
"This is a seamless transition from one indexing industry veteran to another," said Lacaille. "Lynn and Paul have worked side-by-side in SSgA's Global Structured Products Group for almost two decades building a strong team and delivering solutions for our clients. Lynn is a seasoned professional who is a passionate advocate for index management—a cornerstone of SSgA's business. We're confident in her ability to leverage the team's seasoned professionals and global resources to ensure that SSgA remains at the forefront of innovation in indexation."
Blake joined SSgA in 1987 and has held several senior positions within the organization, most recently head of non-US markets in the Global Structured Products Group. She has also served as a portfolio manager for several non-US index equity portfolios. A CFA charter member, Blake is also a member of SSgA's Senior Management Group and Fiduciary Review Committee.
SSgA has decades of experience providing index equity solutions that can track almost any benchmark. Its strategic advantages are reflected by five core strengths—experience, breadth, flexibility, internal liquidity, and size. Today, SSgA's Global Structured Products Group manages US $682 billion in index equity assets.
Blake, 45, who will report to Rick Lacaille, global chief investment officer for SSgA, will assume the leadership role from Brakke who plans to retire on December 31, 2010 after nearly two decades at State Street Global Advisors.
"This is a seamless transition from one indexing industry veteran to another," said Lacaille. "Lynn and Paul have worked side-by-side in SSgA's Global Structured Products Group for almost two decades building a strong team and delivering solutions for our clients. Lynn is a seasoned professional who is a passionate advocate for index management—a cornerstone of SSgA's business. We're confident in her ability to leverage the team's seasoned professionals and global resources to ensure that SSgA remains at the forefront of innovation in indexation."
Blake joined SSgA in 1987 and has held several senior positions within the organization, most recently head of non-US markets in the Global Structured Products Group. She has also served as a portfolio manager for several non-US index equity portfolios. A CFA charter member, Blake is also a member of SSgA's Senior Management Group and Fiduciary Review Committee.
SSgA has decades of experience providing index equity solutions that can track almost any benchmark. Its strategic advantages are reflected by five core strengths—experience, breadth, flexibility, internal liquidity, and size. Today, SSgA's Global Structured Products Group manages US $682 billion in index equity assets.
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