State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE:STT), today announced the appointment of Frank Henze to a newly-created role, head of Exchange Traded Funds, Asia Pacific.
“As the pioneer of ETFs in Asia-Pacific we are committed to meeting investor needs with the addition of high-quality SPDR products. It is our goal to match State Street’s tremendous distribution footprint in Asia with tailored SPDR ETF service and support.”
Based in Hong Kong, Mr. Henze has oversight of SSgA’s regional ETF expansion strategy, with a focus on increasing the size and visibility of SSgA’s range of SPDR® ETFs in Asia Pacific. He reports to Bernard Reilly, head of SSgA’s business in Asia Pacific and James Ross, senior managing director and global head of Exchange Traded Funds at State Street Global Advisors.
“Frank’s addition to the growing ETF team in the region is a significant sign of our dedication to expanding this business,” said Mr. Reilly. “His vast experience in strategic planning and product development will drive the expansion of our ETF team as well as our SPDR product footprint in Asia Pacific, and we’re excited to have him on-board.”
Mr. Ross added: “As the pioneer of ETFs in Asia-Pacific we are committed to meeting investor needs with the addition of high-quality SPDR products. It is our goal to match State Street’s tremendous distribution footprint in Asia with tailored SPDR ETF service and support.”
Mr. Henze joins SSgA from HSBC where he was responsible for Global ETF Product Development. Prior to this experience, he spent five years with iShares in Europe, where he last served as European head of Product Development.
SSgA introduced ETFs in Asia Pacific in 1999 when it launched the Tracker Fund of Hong Kong (ticker: 2800). Since then, SSgA has introduced Australia’s first ETF, the SPDR S&P®/ASX 200 Fund (NYSE:STW) and Singapore’s first ETF, the streetTRACKS® Straits Times Index Fund (NYSE:STTP). Today it has 12 ETFs listed across four Asia Pacific markets – Hong Kong, Australia, Japan and Singapore. Earlier this year, SSgA enhanced its SPDR family of ETFs in Asia Pacific with the launches of SPDR® FTSE® Greater China ETF (ticker: 3073) on The Stock Exchange of Hong Kong Ltd, and SPDR® MSCI® Australia Select High Dividend Yield Fund (NYSE:SYI) on the Australian Securities Exchange.
About SPDR ETFs
Offered by State Street Global Advisors, SPDR ETFs are a family of exchange traded funds that provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street Global Advisors manages more than $230B of ETF assets worldwide as of October 31, 2010.
For comprehensive information on our ETFs, visit us at spdrs.com.hk.
About State Street Global Advisors
State Street Global Advisors is a global leader in asset management. We are relied on by sophisticated investors worldwide for our 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, 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. Please read the prospectus including risk factors before investing.
State Street Corporation
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