MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 4, 2019 A State Street Leader Will Take Over a $15B U.S. Biz A top State Street leader and veteran ETF executive is moving on and taking over a British multinational's U.S. asset management business.
"Nick Good, our head of strategy, is leaving us later this year for a new opportunity. We wish him continued success and we are sure our paths will continue to cross in the industry," Brendan Paul, a State Street spokesman, tells MFWire. "We have a strong bench to consider from a succession standpoint and have begun an internal and external search for Nick's replacement. We will announce a new head of strategy in due course." At JOHCM, Good will report directly to Gonzalez, who has also been serving as acting JOHCM group CEO. Now Gonzalez is hiring two JOHCM leaders, with Good joining in December and with Alexandra Altinger joining next Monday as JOHCM's CEO for the UK, Europe, and Asia. "We've now split the JOHCM Group CEO role into two to reflect the growing importance and size of our U.S. business," a spokeswoman for JOHCM tells MFWire. Good will remain based in Boston and will join Pendal's global executive commitee. JOHCM now has 34 U.S. employees between its Berwyn, Boston, and New York offices, a spokeswoman for JOHCM confirms, and the asset manager has about $15 billion in AUM (as of June 30) from U.S. clients. Worldwide, JOHCM has $38.1 billion in AUM (as of June 30), and Pendal (which bought JOHCM in 2011) has AU$101.3 billion ($68.79 billion U.S.) in AUM (as of June 30). Gonzalez describes Good as "the prime candidate" to lead JOHCM in the U.S. "He has built and grown successful businesses, has deep knowledge of the market and a track record of delivering results," Gonzalez states. "JOHCM has carved out a strong position in the U.S. in a short timeframe, and I see real potential to accelerate that growth," Good states. "I am excited by this opportunity and attracted by the firm's investment-led pedigree and entrepreneurial culture." Good, an alumnus of the University of Oxford, has worked with State Street for five years, including two as co-head of SSgA's global SPDR ETF business. Before joining State Street in 2014, he worked at BlackRock's iShares ETF business, BGI, BCG, and Kalchas. Printed from: MFWire.com/story.asp?s=60198 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
