State Street Global Advisors (SSGA) has appointed Kathleen Gallagher as head of its ETF model portfolio service for EMEA and Asia Pacific, as it expands the capability to retail investors.
Gallagher will be responsible for rolling out the firm's institutional multi-asset class investment capabilities to the intermediary market, mainly through its managed ETF portfolios. She will report to Rory Tobin, global head of SPDR ETFs.
She has worked as managing director at SSGA in the SPDR ETF division since 2016. Prior to this she worked as a consultant at Barclays Wealth and Investment Management with a focus on multi-asset class investments.
She has also held roles at BlackRock in the iShares' solutions team where she was responsible for the research and development of multi-asset solutions including managed ETF portfolios.
Tobin said: "The intermediary advice model is changing around Europe, bringing new challenges to advisors. Increased regulation and changing policy on fees mean advisors face tougher conditions in which to build viable businesses.
"Kathleen's expertise working with clients to create investment portfolios tailored to their investment profile will allow us to combine the best of SPDR ETFs and SSGA's institutional asset allocation capability. We are delighted to welcome her to the firm."
Gallagher added: "With a wide array of investment tools available, it can be challenging for advisors to navigate the proliferation of investment products offered.
"Model portfolios can help bring investment strategies to life for end investors, allowing them to map their investment strategy to their individual risk appetite, time horizon and return requirements.
"Whatever the desired outcome, with a long heritage working with advisors in the US and the UK following similar transitions, State Street Global Advisors is well-positioned to work with investors to meet the challenges ahead."
European Fund and Asset Management Association
Will join IA sectors Q1 2020
Inflows of $99.1bn in Q1
Reportedly cutting fee to 0.6%
Range launched in March 2017