BOSTON--(BUSINESS WIRE)--

State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced that it has appointed Cyrus Taraporevala, current Global Head of Product and Marketing, to an expanded role overseeing all client- and consultant-facing, marketing and product functions for institutional clients across the Americas, EMEA and APAC.

“At State Street Global Advisors, our aspiration is to be the first investment call for every institution and intermediary,” said Ron O’Hanley, president and chief executive officer of State Street Global Advisors. “In that spirit, in Cyrus’ new role he will be responsible for ensuring we continue to improve and evolve the way we serve our institutional clients and consultants, in all aspects of what we deliver to them: from thought leadership, to distinctive products, to engagement efforts that help them diagnose and solve the complex financial challenges they face.”

“We have a great opportunity to leverage the vast scope, expertise, and experience we possess as a result of our privileged client relationships around the world,” said Taraporevala. “I look forward to working with our regional leadership teams to ensure that we are bringing to our clients best practices, while still maintaining important regional market distinctions.”

Taraporevala joined State Street Global Advisors in April of 2016. In addition to leading the Global Product and Marketing team, he also led the successful acquisition and integration of GE Asset Management. Prior to joining State Street, Taraporevala worked at Fidelity Investments, where he led the Retail Managed Accounts and Life Insurance & Annuities businesses. Taraporevala has more than 25 years of experience in asset management. Taraporevala joined Fidelity from BNY Mellon Asset Management, where he was Head of North American Distribution, as well as being responsible for Global Marketing. Prior to his roles at BNY Mellon Asset Management and Fidelity, Taraporevala helped to oversee Legg Mason's institutional business, directed business strategy for Citigroup Global Investment Management and was a partner in the Financial Institutions practice of McKinsey & Company.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions* in assets under management, our scale and global footprint provide access to markets and asset classes, and allow us to deliver expert insights and investment solutions.

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

*Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

CORP-2685

View source version on businesswire.com: http://www.businesswire.com/news/home/20170223006406/en/