In a statement on October 17, SSgA said Perryman will be managing and developing the SPDR ETF business in the UK. She replaces Eleanor Hope-Bell, who FN reported in January had left to start her own boutique financial services business.
Tobin said: “We are continuing to build out our UK business and hiring a leader to drive this is a critical step. We have also made others hires across continental Europe, as we seek to build and develop our ETF franchise. We are very committed to the UK client base and serving their needs, and view our ETF product range as core component of the range of solutions that we can offer.”
According to research provider ETFGI, SPDR products make up 14.7% of global ETF assets, with $ 466 billion under management. But despite being the third-biggest ETF manager in world, SSgA comes eighth in Europe behind rivals including BlackRock, Deutsche Asset Management and Amundi.