State Street Global Advisors (SSgA) has made three new appointments to its institutional business in the UK, Italy and Benelux region.
Joe Riddaway joins as UK senior consultant relations manager reporting to Helen Copinger-Symes, head of consultant relations for Europe Middle East and Africa (EMEA).
Riddaway will strengthen SSgA’s engagement with consultants in the UK and will be based in London. He joins SSgA from Mercer Investments where he was head of UK client service for its fiduciary management business. Riddaway also worked in investment consultancy roles at JLT Actuaries, Consultants Ltd and Pricewaterhousecoopers.
Jasper Bugter has been appointed as senior relationship manager for the institutional business in the Benelux team, reporting to Robert Rijlaarsdam, head of SSgA Benelux. Bugter joins from Generali Investments Europe where he was head of institutional sales for the Benelux region. Before this, he managed institutional client accounts at Robeco, AEGON and ABN AMRO Bank.
Michele Marchese joins as senior sales manager for SSgA’s institutional business in Italy. He will report to Antonio Iaquinta, head of institutional for SSgA Italy. Previously, Marchese worked at Credit Suisse for nine years in the asset management division where he was responsible for developing its institutional business in Italy and more recently business development in Iberia, Latin America and Southeast Asia.
Mike Karpik, head of EMEA at SSgA, says: “Pension funds across Europe continue to face a number of challenges in the current market environment. As a leading pension fund solution provider, we believe we are best placed to address these challenges and the needs of pension fund in the region while helping them to meet their long-term investment goals. These appointments are reflective of our commitment to our institutional client base and add strength to our growing institutional team in Europe.”
These appointments follow the recent hire of Helene Veltman to the EMEA-based institutional team as senior solution strategist in the investment solutions group responsible for Dutch clients.