State Street Global Advisors has appointed Malcolm Smith to the newly created role of global COO for the Standard & Poor’s Depositary Receipts (SPDR) business.
Smith will be responsible for leading, managing and developing the operating infrastructure for the global SPDR ETF business.
Based in London, he will report to Rory Tobin, co-head of the Global SPDR business.
Previously, Smith was interim COO of distribution for Europe, the Middle East and Africa, a role he held for just over a year. Before this, he held roles of interim global COO for Barclays Wealth and Investment Management, and COO of M&G Real Estate.
Tobin commented: “As our global SPDR ETF business grows and we strengthen our team, we want to ensure that we provide the highest quality investment products and solutions to our clients and partners.”
“Malcolm Smith’s considerable domain knowledge and experience in both asset management and exchange traded funds will be instrumental to developing and strengthening our SPDR ETF business.”
As of 31 July, State Street Global Advisors, the asset management arm of State Street Corporation, had $452 billion in assets under management.
