State Street’s Powers Seeks to Expand Active Money Management
Scott Powers, head of State Street Corp.’s investments unit, said the Boston-based company is looking to increase its active management business.
“We’re focused on broadening out our active capabilities,” Powers said during a presentation in New York to analysts. He said the company wouldn’t consider acquisitions in passive investing.
To contact the reporter on this story: Christopher Condon in Boston at email@example.com
To contact the editor responsible for this story: Christian Baumgaertel at firstname.lastname@example.org