07 November 2017
Reporter: Theo Andrew

SSGA names head of SPDR ETFs for Spain

State Street Global Advisors (SSGA) has named Ana Concejero as its new country head of Standard & Poors depositary receipt (SPDR) exchange-traded funds (ETFs) for Spain.

Based in London, Concejero will be responsible for developing the ETF business in Spain, developing solutions for asset managers, owners and intermediaries. She will report to Rory Tobin, global co-head of SPDR ETFs at SSGA.

Concejero has previously held senior positions at BlackRock and Deutsche Börse, working in London, San Francisco and Frankfurt.

Tobin commented: “The characteristics of ETFs appeal to Spanish investors looking for transparent and diversified strategies in a liquid and cost-effective wrapper.”

He added: “Ana Concejero has a significant track record of working with clients to understand their requirements and delivering solutions to meet their aspirations. Her experience will be invaluable in growing our footprint in Spain.”

Concejero said: “The SPDR ETF product mix offers a comprehensive toolbox of investment solutions for Spanish investors transitioning from a savings mindset to more of an investing one. With a strong heritage in sector and smart beta investing, we are well positioned to capture flow from institutional and wealth managers who want to incorporate highly targeted exposures in their portfolios.”

She added: “Equally, as central banks look to gradually unwind their bond market positions, clients are increasingly looking to investment managers for fixed income ETF solutions based on diversified and representative benchmarks.”

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