State Street Global Advisors (SSgA), State Street Corporation's asset management business, announced yesterday that Kathryn Sweeney will be the head of SPDR Americas institutional sales and will report to Nick Good, senior managing director and co-head of SSgA’s global SPDR Business.

Good could not be immediately reached for comment on how Sweeney’s transition is being handled.

Sweeney's duties include developing and managing the execution of the SPDR Americas institutional sales strategy, and working with Barry F.X. Smith, head of the Americas institutional client group (ICG) team at SSgA, to handle ETF sales with asset owners.

Sweeney previously worked at Goldman Sachs for more than 19 years, most recently as global head of distribution and product strategy for the securities division, playing a strategic role in expanding its ETF business in London and New York. She closely worked with ETF asset managers, institutional trading desks and internal stakeholders to increase ETF activity.

"Our global SPDR ETF business has a strong track record of product innovation, including working with large institutional clients to develop products such as SHE, LOWC and SPYX to meet their specific investment needs," states Good. "Given Kathryn's visibility and relationships within the ETF industry we are confident that she will continue to advance the SPDR position in the institutional market, and we are excited to have her join our Global SPDR team." 

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