Office address: 1 Congress Street, Suite 1, Boston, Massachusetts 02114
Website: ssga.com
Year established: 1978
Company type: financial services
Employees: 2,500+ (SSGA)
Expertise: asset management, ETFs, index funds, active strategies, retirement solutions, fixed income, equity, multi-asset, sustainable investing, risk management
Parent company: State Street Corporation
Key people: Yie-Hsin Hung (CEO), Lori Heinel (EVP), Jennifer Bender (global chief investment strategist), Olivia Engel (department head), Daniel Farley, Michael Solecki, and Matthew Steinaway (chief investment officers)
Financing status: corporation
State Street is an asset manager based in Boston, with about $5.5 trillion in assets. The firm offers ETFs, mutual funds, cash solutions, and investment strategies for institutional, professional, and individual investors. It is known for creating the first US ETF in 1993 and serves clients worldwide through its global scale and experience.
State Street Global Advisors (SSGA) is now called State Street Investment Management, which this profile will explore in detail.
State Street began in 1978 as the investment arm of State Street Bank. The firm first focused on equity index and cash solutions for institutional clients, including financial institutions and corporate pensions. Over time, it expanded its expertise and client base, which built a reputation for reliability and scale.
The 1980s brought new opportunities as the company attracted non-profits, insurance providers, and official institutions. The company soon added active quantitative strategies to better serve its growing list of clients. By the end of the decade, it had:
A turning point came in 1993 with the launch of the first US exchange-traded fund, in partnership with the American Stock Exchange. This new product made investing more accessible for many people and set the stage for more innovation.
The firm later introduced the first US mid-cap ETF, sector ETFs, and Asia ex-Japan’s first ETF. This showed a commitment to expanding investment options.
The 2000s and 2010s saw the company list ETFs in Europe and Australia and partner with the World Gold Council to launch the first US gold-backed ETF. In 2017, State Street commissioned the Fearless Girl statue on Wall Street, which became a symbol of women’s leadership and sparked global attention.
In recent years, it has formed partnerships with firms like Nuveen and Bridgewater to open new markets and increase access. In 2025, it rebranded from State Street Global Advisors to State Street Investment Management to reflect its growth and strategic goal.
That same year, State Street took a minority stake in Apex Fintech Solutions. The partnership will help develop a digital, globally scalable custody and clearing solution for advisors and clients.
State Street Investment Management offers a wide range of investment products and services for institutional, professional, and individual investors:
State Street Investment Management also offers tailored strategies, risk management tools, and global investment access. Its scale and experience help clients find solutions for a range of investment goals.
State Street says that its culture centers on collaboration and supporting employee growth through training and resources. The firm states that it aims to provide a forward-looking, employee-focused environment where people can build their skills and explore new paths.
State Street also highlights a range of benefits for staff and their families:
State Street values the unique perspectives of over 50,000 colleagues worldwide and promotes a culture of belonging. The company states that talent decisions are based on skills and experience, supporting equal opportunities in all global roles.
Yie-Hsin Hung is the president and CEO of State Street Investment Management. Before joining the firm, Hung was CEO at New York Life Investment Management, a global investment company. She holds an MBA from Harvard and a bachelor’s degree in mechanical engineering from Northwestern University.
The global investment team leads State Street Investment Management with deep experience and specialized roles:
The leadership team brings global perspective and local insight into every decision. Their expertise helps drive the firm’s investment approach and client outcomes.
State Street Corporation appointed Joerg Ambrosius as president of Investment Services in 2024 to sharpen its client focus. The company expects his leadership to improve operations and strategy for clients in its largest business. The company sees this step as key to future growth and client value.
In 2025, SSGA launched the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV), giving retail investors new access to private credit markets. The fund uses a partnership with Apollo Global Management to address liquidity concerns and blends public and private investment-grade credit. This innovation may shape future ETF offerings and shows State Street’s focus on expanding investment options for clients.
The company's announcement that it was slashing fees on two of its bond funds came just a day after BlackRock lowered fees on its lineup of style ETFs.
The program would apply to businesses with as few as five employees, requiring companies to participate and automatically enroll workers, unless they already provide retirement plans.
Retail investors are piling into exchange-traded funds built around such trends as social media, online betting and SPACs.
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Prudential Retirement plans to launch the service, Advice and Income Engines, sometime during the first quarter of 2021. It will provide retirement planning and personalized portfolio management to Prudential’s defined-contribution plan participants.
Record outflows from mutual funds have analysts wondering about the future of giants like American Funds, T. Rowe Price and Dimensional Fund Advisors. While mutual funds still hold more than three times the assets of exchange-traded funds, they registered a record $289 billion in outflows last year, according to Morningstar.
Only three of the most popular ETF launches last year were BlackRock products, and none were from Vanguard or State Street
Vanguard is on track to beat BlackRock in attracting ETF flows for the first time since 2013
The company has evaluated potential combinations with the asset management operations of rivals
BlackRock voted in favor of just 11% of climate resolutions in the 12 months ended in August, while Vanguard voted in favor of 15%
The electric car maker is about to join the S&P, but investors in S&P 500 index funds have missed a huge rally in the company’s shares
Funds built around a theme have taken in more than $20 billion so far this year
We look at the big news, announcements and underlying trends and developments that are emerging in the world of technology solutions for financial advisers!
