State Street Global Advisors Adds to Active Equity Team with Appointment of Marc Reinganum

Thursday, March 25, 2010 9:00 am EDT

Dateline:

BOSTON & LONDON

Public Company Information:

NYSE:
STT
US8574771031

BOSTON & LONDON--(BUSINESS WIRE)--State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), announced today the appointment of Marc Reinganum, Ph.D. as head of its Active Developed Market Equities team. Based in Boston, Reinganum is responsible for all aspects of active management within the global developed market equity portfolios, and reports to Arlene Rockefeller, chief investment officer for global equities.

Reinganum joins SSgA most recently from Oppenheimer Funds, where he was a senior portfolio manager and director of Quantitative Research leading the research and investment technology teams and spearheading the portfolio strategy function.

“Marc brings a unique combination of investment management skills and academic research credentials to this demanding and important role,” said Rockefeller. “His strong track record of investment performance, his background in quantitative investing and experience in developing dynamic investment models, will add significant breadth and depth to our global equity team.”

Reinganum is a board member of the Institute of Quantitative Research in Finance (Q-Group), a group dedicated to the development and understanding of new quantitative techniques. He has served as an endowed chair in Financial Investments at Southern Methodist University, and as director of the Financial Markets Institute and professor of Finance at the University of Iowa. He is a frequent presenter and author, whose work has appeared in the Journal of Financial Economics and the Journal of Portfolio Management, among others.

“Clients are increasingly demanding higher alpha strategies that are needed to deliver growth,” said Reinganum. “At SSgA, we are focused on providing solutions to our clients and as such, we continually evolve our investment capabilities to keep pace with market developments. My team and I will continue to collaborate with SSgA’s Advanced Research Center to identify and utilize new alpha sources and continuously enhance our proprietary models.”

About SSgA

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.

Contact:

State Street Corporation
Arlene Roberts, 617-664-3933

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