State Street Global Advisors Appoints Head Of Global Defined Contribution Research And Product Development

State Street Global Advisors (SSgA), the asset management business of State Street Corporation has announced the appointment of Mark Fortier to managing director, head of global defined contribution research and product development.

In this position, Fortier will be responsible for developing best-in-class products that anticipate plan sponsor needs and will work closely with the investment teams across SSgA to bring new defined contribution products to market globally. Fortier will be based in Boston and report to Fredrik Axsater, managing director and global head of defined contribution at SSgA.

“Solving the retirement income equation requires the right tools and the right people,” said Axsater. “Mark is a recognized leader with more than 25 years of experience in the defined contribution marketplace and has been a pioneer in lifetime income solutions. His appointment demonstrates our commitment to developing innovative solutions for our clients who are struggling to help their employees transition to retirement. Mark’s expertise can help us move the dial on retirement readiness and retirement security for defined contribution investors.”

Fortier joins SSgA from Alliance Bernstein, where he most recently served as head of product and partner strategy. While there, he pioneered the defined contribution industry’s first large market, lifetime income solution. Prior to Alliance Bernstein, Fortier worked at Aegon for more than twenty years in a variety of senior roles in their retirement business. He holds a bachelor’s degree from Columbia University, a master’s in business administration from New York University and is a chartered financial analyst (CFA).

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

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Copyright Business Wire 2010

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