OFFICIAL
INSTITUTIONS
GROUP
Trusted Partner for Sovereign Investors
Official Institutions Group
YOUR TRUSTED
PARTNER
SOVEREIGN ASSET
MANAGEMENT EXPERTISE
SSGA’s Official Institutions Group is dedicated
to managing assets on behalf of sovereign
wealth funds, central banks, supranationals
and other public sector clients. Offering a full
range of investment capabilities from passive
to active management, our team collaborates
with you to understand your distinct
investment challenges, respond to your
immediate needs and help you better prepare
for the future.
SSGA is recognized as one of the largest asset
managers of official assets.1 With informed
insights on strategic policy issues and
expertise in the official sector, we work with
our clients to design customized client-centric
solutions, tailored to the diverse and evolving
needs of your organization.
GLOBAL REACH,
LOCAL PRESENCE
COMPREHENSIVE
SOLUTIONS
Many sovereign clients face similar challenges
and have analogous objectives, whether based
in the developed or emerging world. SSGA’s
Official Institutions Group recognizes this
and provides our clients with a single point
of contact and dedicated relationship
management team. This continuous global
coverage by our relationship management
team, paired with our senior management
team’s expertise and experience, enables us
to offer innovative services and solutions to
our clients.
We tailor investment strategies and
solutions to meet the specific needs of
our clients, including:
Pensions and Investments Research Center, 31 December 2015. Updated annually.
1
2
• A full range of asset classes (cash, fixed
income, credit, securitized products,
currency, equity, real estate),
investment strategies as well as
tailored investment solutions.
• Strategy and policy advice for those
managing public sector assets.
Our suite of solutions
for the official sector
goes beyond pure
investment services
— we also provide
research, thought
leadership, technical
advice, client training,
and skills transfer.
State Street Global Advisors
3
STRONG GLOBAL TRACK
RECORD OF PARTNERSHIPS
We are chosen by governments to manage a range of complex asset programs. Some examples include:
G3 National Treasury
State Fund of an Oil-exporting Nation
• Agency Mortgage Backed Security (MBS) purchase
and disposition programs
• Designed and implemented strategic approach
to purchasing MBS and later transferring the multibillion USD portfolio back into the market
• Supported policy objectives and minimized market
disruption in a complex fiscal environment
• Asset management across multiple asset classes.
• Tactical advice and recommendations.
G3 Central Bank
• Asset-backed securities purchase program.
• Segregated portfolio management team to
implement Central Bank credit easing policy.
EU State Pensions Reserve Fund
• Advice on investment strategy and funding.
• Discussion on legislative issues.
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Asian Central Bank
Emerging Economy
Central Bank
• Design, creation and management of equity disposal ETFs and bond
development ETFs.
• Advice on portfolio construction, custody, operational, systems support
and other issues.
• Training and skills transfer.
• Management of national reserve fund.
• Advice on strategic benchmark setting.
• Training and skills transfer.
Macro-Economic and
Policy Research
In-depth, focused research is the
foundation of our business,
particularly when developing
solutions for our clients. Our clients
have access to SSGA’s extensive
expertise, systemic research,
detailed analytic insight and best
ideas across asset classes, regions
and vehicles.
Investment Solutions
Major market developments in
recent years, have forced the official
sector to re-examine traditional
investment approaches and
processes to better position their
investment activities for the future.
SSGA’s Official Institutions Group is
here to help navigate the changing
geo-political and economic
landscape and to share insights into
current best practices in global
reserve management. Due to the
breadth of our client base, we have
significant insights into the
challenges and trends facing our
clients, as well as their strategies
and solutions, allowing us to
share best practices throughout
the industry.
Our dedicated Chief Investment
Strategist works with our investment
teams to develop investment themes,
strategies and solutions focused
towards our official sector clients.
Our Chief Investment Strategist and
our Policy and Research team also
provide important insights for
public investors focusing on the
intersection between monetary
and fiscal policy, macroeconomics
and financial markets.
In addition to our core objective of
helping sovereign clients manage
their reserves more efficiently, we
have developed a repository of
expertise for other issues of concern
to the official sector, including
organizational governance,
financial stability, systemic risk in
the financial sector and the
development of local capital markets.
State Street Global Advisors
5
Official Institutions Group
SHARING OUR EXPERTISE
We offer clients a wide range of training and knowledge transfer opportunities including a
program specifically tailored to the official institutions sector. Our goal is to design
training sessions that provide relevant, timely and valuable knowledge for our clients,
helping them navigate the growing complexity of policy issues, global macro trends and the
capital markets. While our focus is to partner with clients to deliver on investment
services, our training capabilities play a pivotal role in building strong and collaborative
relationships with clients, helping them meet their objectives.
Examples of formal training include customized training and events that provide valuable
networking opportunities with peers and a place to collaborate, discuss challenges and
share strategies.
As one of the largest asset managers in the world, we have the resources to draw on our
strong team of senior experts, who are among the most experienced and renowned
specialists in their fields to create training programs that reflect our ethos of excellence.
TRULY GLOBAL
EXPERT INSIGHT
CUSTOMIZED PROGRAMS
Training may take place at our
client’s offices and/or at any of
SSGA’s global offices.
Direct access to the deep knowledge,
technical advice and training services
of our numerous subject matter
experts within SSGA, including:
We take a collaborative approach
with each client to ensure all
programs achieve the desired
results. Each session is comprised of
up-to-date, well-researched content
drawing on our worldwide network.
To capitalize on the breadth of
resources located in our offices we
undertake regular training programs
in many of our global offices.
SSGA has 21 offices world-wide,
with investment centers in Boston,
London, Hong Kong, and
San Francisco.
6
• Exchange Traded Funds
• Fixed Income, Currency and Cash
• Smart Beta
• Global Equity Beta Solutions
• Investment Solutions Group
Training sessions incorporate
real-life case studies, practical
exercises and interactive discussions
to equip our clients with applicable
tools and actionable ideas.
DEDICATED TEAM OF EXPERTS
SSGA's Official Institutions Group's core team works closely with dedicated global relationship managers and acts
as a specialist knowledge centre for all client-facing units and investment teams that interact with this sector.
Unique among the industry, we follow a three-pronged approach to pooling specialist expertise:
CLIENT STRATEGY | INVESTMENT STRATEGY | MACRO/POLICY RESEARCH
Louis de Montpellier
Global Head of Official
Institutions Group
Kristina Sowah
Senior Business
Analyst
Hon Cheung
Chief Investment
Strategist
Shivani Mann
Communications
Officer
Carl Riedy
Regional Head,
Americas
Suzanne Schwartz
Business Intelligence,
Institutional Client Group
Elliot Hentov
Head of Policy
and Research
Winner of the Central Banking Awards 2016 and 2017 2
2
For more information please contact
us on [email protected]
2
The Central Banking awards are designed to recognize excellence in the central banking community. Submissions described why an institution deserved an award
through a selection of case studies describing solutions and benefits offered to its official institution clients. Judges required client references as part of the due-diligence
process. All information sent to the judging panel was held in strictest confidence. Web link: http://www.centralbankingawards.com
State Street Global Advisors
7
About Us
For nearly four decades, State Street Global Advisors has been committed to helping our clients, and the millions who rely
on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial
intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both
indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivalled access to
markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.
State Street Global Advisors is the investment management arm of State Street Corporation.
*Assets under management were $2.4 7 trillion as of 31 December 2016. Please note that AUM totals are unaudited.
ssga.com
Marketing Communication. For Public Use.
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SSGA Netherlands is a branch office of State Street Global Advisors Limited. State
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is a branch of State Street Global Advisors Limited, a company registered in the UK,
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© 2017 State Street Corporation. All Rights Reserved.
ID8753-INST-7365 Exp. Date: 28/02/2018