State Street Global Advisors Expands Intermediary Business with Key Appointments

  State Street Global Advisors Expands Intermediary Business with Key

Growing Demand from Clients Fuels Need for Insights and Solutions

Business Wire

BOSTON -- June 2, 2014

State Street Global Advisors (SSgA), the asset management arm of State Street
Corporation (NYSE: STT), today announced five key appointments in the firm’s
intermediary business, which provides products supporting wealth management
professionals, including SPDR ETFs and State Street mutual funds, for
wirehouses, Registered Investment Advisors (RIAs), private banks, family
offices and regional / independent broker dealers. The appointments will
bolster SSgA’s competency across its intermediary business, which was created
in 2001 to better access the firm’s deep institutional experience and broad
investment knowledge.

“These appointments enhance our capabilities and reflect our commitment to
invest in ways that support advisors so they can achieve better outcomes for
their clients,” said James Ross, executive vice president, global head of SPDR
ETFs, and head of US intermediary distribution at SSgA. “We look forward to
the teams’ contributions in providing advisors with solutions to meet the
expectations of their clients by offering differentiated products and
investment views that will help support their businesses.”

The recent appointments to the US intermediary business include:

  *Michael Arone, chief investment strategist for the US intermediary
    business. Mike was head of global and EMEA portfolio strategy at SSgA
    before this new role.
  *Ken Bossen, vice president and head of US intermediary portfolio strategy
    and due diligence. Ken joins SSgA from Morgan Stanley, where he managed
    the firm's ETF model portfolio and country ETF focus list.
  *Robert Forsyth, vice president and head of strategic partnerships. Prior
    to this role, Robert was head of exchange traded products and derivatives
    at UBS Wealth Management.
  *Mario Gallotto, vice president of business intelligence. Mario joins SSgA
    from John Hancock Investments, where he was managing director of business
  *Brie Williams, vice president and head of practice management. Brie joins
    SSgA from Putnam Investments where she was responsible for marketing
    communications in support of Putnam's global brand and retail mutual fund
    product line.

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
virtually 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.

ETFs trade like stocks, are subject to investment risk, fluctuate in market
value and may trade at prices above or below the ETFs net asset value.
Brokerage commissions and ETF expenses will reduce returns.

State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned
subsidiary of State Street Corporation. References to State Street may include
State Street Corporation and its affiliates. Certain State Street affiliates
provide services and receive fees from the SSgA Funds and SPDR ETFs.

"SPDR" is a registered trademark of Standard & Poor’s Financial Services LLC
("S&P") and has been licensed for use by State Street Corporation. No
financial product offered by State Street Corporation or its affiliates is
sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and
its affiliates make no representation, warranty or condition regarding the
advisability of buying, selling or holding units/shares in such products.
Further limitations and important information that could affect investors'
rights are described in the prospectus for the applicable product.



State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
River Communications
Troy Mayclim, + 1 914-686-5599
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