State Street picks BlackRock exec to lead UK ETF unit


Claire Perryman, who led wealth management and retail sales at BlackRock‘s iShares business for eight years, has joined SSgA in London reporting to Rory Tobin, co-head of its SPDR ETF business.

Tobin was one of the architects of iShares, while at Barclays Global Investors. He left shortly after the business was acquired by BlackRock in 2009.

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.”

Perryman began her career at UBS, before becoming head of institutional sales at TriAlpha, a multi-manager hedge fund. She left TriAlpha for iShares in 2008.

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.

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