Bringing you live news and features since 2006 

State Street completes acquisition of GE Asset Management


State Street Corporation has completed its acquisition of GE Asset Management (GEAM) from GE.

The transaction provides State Street Global Advisors (SSGA) and its clients with new alternatives capabilities.
In connection with the closing, SSGA received client consents to transition the management of approximately 99 per cent of GEAM’s assets under management (more than USD100 billion as of 31 March 2016) and approximately 270 former GEAM employees joined the SSGA team.
“This transaction is a key step in our strategy to invest in higher growth and return businesses,” says Jay Hooley (pictured), chairman and chief executive officer of State Street Corporation. “It is also an important part of SSGA’s continued evolution as a premier provider of solutions to clients.”
“GEAM’s asset management capabilities – in areas spanning active management, alternatives and OCIO mandates – are not only complementary to our own, but will also strengthen the range of SSGA’s offerings in the marketplace,” says Ron O’Hanley, president and chief executive officer of SSGA. “In this lower-for-longer return environment, we think it is more important than ever for us to develop a broad investment toolkit and solutions mindset to help our clients achieve their investment goals.”

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by