State Street Global Advisors Further Expands Fixed Income Leadership Team

Tuesday, October 18, 2011 12:21 pm EDT

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
US8574771031
"Sandeep has deep experience in the credit markets having managed investment grade, high yield, structured credit and credit derivative strategies"

BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced the appointment of Catherine Powers as managing director and head of Fixed Income Alpha Strategies for North America.

Powers joins SSgA from Standish Investment Management (“Standish”) where she most recently led the insurance client strategies group with a focus on customized fixed income solutions. In her 23 years at Standish, she held numerous roles including fixed income trader, head of the Structured Finance team and senior portfolio manager for actively managed core and core plus portfolios.

Powers reports to Bill Street, global head of Fixed Income Alpha Strategies. In her new role, she will manage SSgA’s fixed income alpha strategies portfolio managers based in the US and Canada.

Commenting on this appointment, Street said, “Critical to our success is the ability to deliver high-quality investment performance and create innovative investment products, and much of that is driven by organizational talent. Cathy brings nearly 30 years of investment experience and a proven talent for managing successful teams. We are thrilled to have her join our global Fixed Income team.”

Powers earned her B.A. from the College of the Holy Cross and holds a CFA designation.

SSgA also announced that Sandeep Bhatia will assume the role of head of Fixed Income Alpha Strategies for Europe Middle East and Africa (EMEA). Bhatia, who was most recently a senior portfolio manager specializing in credit markets, joined SSgA in 2010 from UBS Global Asset Management, where he spent fourteen years as a portfolio manager.

He will also report to Street, and will oversee the Fixed Income Alpha Strategies portfolio managers based in the UK and Europe.

“Sandeep has deep experience in the credit markets having managed investment grade, high yield, structured credit and credit derivative strategies,” said Street. “We’re pleased to expand his management role as we continue to strengthen our fixed income capabilities.”

Bhatia graduated from the University College London, where he earned a BSc (Hons) Economics, and Warwick University, where he earned a post-graduate degree in Economics and Finance.

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors.

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