July 20, 2005 09:57 ET

State Street Global Advisors Appoints Carl Bang to Lead Business in Canada

MONTREAL--(CCNMatthews - Jul 20, 2005) -

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) and the largest institutional money manager in the world, today announced the appointment of Carl Bang, currently head of Fixed Income and Asset Allocation, to lead its business and operations in Canada. Bang will report to Otello Sturino, SSgA's Chief Administration Officer, and head of operations and Jean-Francois (J-F) Courville, country head for State Street in Canada.

"We're delighted to appoint Carl to this position," said Sturino. "With his extensive investment experience and leadership abilities demonstrated over the course of his 18-year career, we are confident that he will apply the same passion and vision to his new role as head of our business in Canada. I have no doubt that he will help advance our position as a leader in Canadian fund management."

State Street Global Advisors is the largest institutional asset manager worldwide. In Canada, SSgA is among the top 10 investment managers, and provides full investment management and client service from offices in Montreal, Toronto and Vancouver. SSgA is also a leader in the management of Canadian pension fund assets.

During Bang's career with SSgA, he has held positions as director of Fixed Income, responsible for developing Canadian fixed income strategies, and as head of Fixed Income and Asset Allocation. He assumes his new role from Jean Dumoulin who left SSgA last month to pursue other interests.

SSgA also announced the appointment of Gregory Chrispin as Canada CIO, reporting to Bang. Chrispin joined SSgA in 2000 as head of the Global Structured Products Group and most recently served as head of all equity strategies in Canada.

About State Street Global Advisors

State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With US$1.4 trillion in investment programs and portfolios (as of June 30, 2005), State Street Global Advisors has investment centres in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide. For more information, visit State Street Global Advisors at

Notes to editor: The appointments are subject to routine regulatory approval

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