LONDON, 11 November 2015- State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), announced today the appointment of Altaf Kassam to the EMEA head of investment strategy and research of its Investment Solutions Group (ISG). Based in London, the role will report directly to Ric Thomas, global head of strategy and research for SSGA's ISG.

Kassam will be responsible for supporting the portfolio management team and ISG strategists in Europe to create customised research and build multi-asset investment solutions for SSGA's client base. He joins from MSCI, where he led a team focused on educating institutional investors on analyzing, designing and using factor based portfolios.

Commenting on the appointment Thomas said, 'Altaf brings strong global experience in effectively implementing factor-based portfolios for clients, which will help us further develop our asset allocation, LDI, exposure management and defined contribution capabilities, such as target date solutions. This appointment reflects our ongoing commitment to diversify our team's capabilities and drive solutions for our institutional client base as we respond to a growing demand for customisation.'

Before joining MSCI, Kassam worked in sell-side research, researching with a focus on structuring equity derivative and quantitative trading strategies for institutional and retail investors at UBS Investment Bank, Deutsche Bank and Goldman Sachs. Kassam began his career at SBC Warburg as a founding member of the equity derivatives research team and then a member of the quantitative risk management group.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security. We partner with many of the world's largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.2 trillion as of September 30, 2015. Please note that AUM totals are unaudited.

United Kingdom: State Street Global Advisors Limited. Authorised and regulated by the Financial Conduct 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.com

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