State Street Global Advisors Appoints Head of UK Defined Contribution

  State Street Global Advisors Appoints Head of UK Defined Contribution

Expands DC Presence in UK as DC Assets Surpass DB Assets Globally

Business Wire

LONDON & BOSTON -- November 08, 2012

State Street Global Advisors (SSgA), the asset management business of State
Street Corporation (NYSE: STT), today announced the appointment of Nigel Aston
to managing director and head of UK defined contribution (DC).

In this newly created position based in London, Mr. Aston will report to Susan
Raynes, senior managing director and head of UK, Middle East and Africa and
Fredrik Axsater, managing director and global head of defined contribution.

Commenting on the appointment, Raynes said: “SSgA’s commitment to bringing new
thinking and comprehensive solutions to the growing needs of DC schemes is
precisely why we are delighted to welcome Nigel to the team. Nigel has honed
his DC and corporate pension expertise for more than 20 years and is a well
recognised leader in the industry. Nigel’s strong client service background
combined with his experience in leading sales teams and driving product
development aligns well with SSgA’s dedication to building strategic
relationships with DC schemes to help them deliver effective, comprehensive
solutions for future retirees.”

Axsater added: “Nigel’s appointment is a significant milestone for SSgA as we
broaden our DC offering in the UK market. The transformative trend within the
global retirement landscape as DC assets outpace DB assets^1 signals a vital
need to understand how self-funded pension schemes can meet the needs of
future retirees. Nigel shares SSgA’s commitment to bringing innovative
solutions to DC schemes—from investment solutions to plan design and member
communications.”

Prior to joining SSgA, Mr Aston was a business development director with data
company DCisions, responsible for sales and marketing, long-term commercial
relationships, and product and service delivery. He was the key company
liaison with industry, government and regulatory bodies. His experience also
included head of strategy and propositions at Standard Life where he was
responsible for defining and executing the firm’s DC pensions strategy and a
number of roles at AXA including investment strategy director and key account
director within its corporate benefit solutions division. He began his career
at Sun Life as senior sales consultant. Nigel holds a bachelor’s degree in
English literature from the University College of Wales, Aberystwyth.

SSgA manages DC assets of more than US$235 billion globally.

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 Corporation, one of the world’s leading
providers of financial services to institutional investors.

1 Source: McKinsey Retirement Practice, estimated figures.

INFORMATION

State Street Global Advisors Limited. Authorised and regulated by the
Financial Services Authority. Registered in England. Registered No. 2509928.
VAT No. 5776591 81. Registered office: 20 Churchill Place, Canary Wharf,
London, E14 5HJ - Telephone: 020 3395 6000 - Facsimile: 020 3395 6350 - Web:
www.ssga.co.uk

This communication is directed at professional clients (this includes eligible
counterparties as defined by the Financial Services Authority) who are deemed
both knowledgeable and experienced in matters relating to investments. The
products and services to which this communication relates are only available
to such persons and persons of any other description (including retail
clients) should not rely on this communication.

Investing in the Managed Pension Fund is effected by means of an insurance
policy written by Managed Pension Funds Limited, a member of the State Street
group of companies. This document should not be construed as an invitation or
inducement to engage in investment activity. The Managed Pension Fund is
available to pension schemes (including overseas schemes) registered with HM
Revenue and Customs for the purposes of Chapter 2 of Part IV of the Finance
Act 2004. This document should therefore only be circulated to the Trustees of
such schemes and their advisers who are deemed to be professional persons
(this includes professional clients and eligible counterparties as defined by
the Financial Services Authority). It should not be circulated to or relied
upon by any other persons. In particular scheme members should consult with
their employer or scheme trustee. Please note that neither State Street Global
Advisors Limited or Managed Pension Funds Limited offer actuarial services and
any investment service undertaken by those firms with an objective of matching
projected pension fund liabilities does not include, or take responsibility
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pronounced for longer-term securities. Any fixed income security sold or
redeemed prior to maturity may be subject to a substantial gain or loss.

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Contact:

State Street Corporation
Noreen Shah, +44 (0)20 3395 7073
www.statestreet.com
 
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