State Street Global Advisors

State Street Global Advisors Appoints New Global Head of Defined Contribution Business

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT) today announced that Dave Ireland will return to SSGA as the new global head of Defined Contribution. Based in Boston, Ireland will report to Barry F.X. Smith, head of the Americas Institutional Client Group.
“The defined contribution market continues to expand, both in size and complexity,” said Smith. “Plan sponsors and the participants they serve face many challenges as they seek the shared goal of a financially secure retirement. This includes providing the right investment choices, educational tools and plan features that help participants reach their goals. It will also soon include providing choices that help them manage the income from their savings throughout retirement. Dave is a leader who has been helping clients meet these challenges for many years and we are pleased to have him re-join SSGA to help us make retirement work for everyone.”

As the global head of Defined Contribution, Ireland will be responsible for advancing SSGA’s industry-leading, $421 billion global defined contribution (DC) business , including all business development activities, product development, thought-leadership, marketing, and retirement-related public policy advocacy. Ireland will lead a global team of more than 40 employees, located in Boston, London and San Francisco.

Ireland has more than 13 years of experience at SSGA maintaining a variety of roles such as head of US Consultant Relations, director of the North American Defined Contribution Sales and Strategy and senior investment strategist and portfolio manager for the Global Asset Allocation team, where he was actively involved in designing and distributing SSGA’s industry-leading Target Retirement Funds. He most recently served as Director of Defined Contribution Distribution at Wellington Management, where he played a strategic role in building out its DC business.

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