State Street Global Advisors hires ETF expert as chief business officer

investmentnews.com:

State Street Global Advisors announced that it has hired Invesco’s global head of ETFs to be its new chief business officer.

Anna Paglia will report directly to the firm’s CEO Yie-Hsin Hung and will be tasked with growing several key areas, including global ETFs, index, cash, and defined contribution. At Invesco, Paglia oversaw a team managing more than 350 ETFs totaling more than $460 billion and she’s a dedicated advocate in a mentorship program for Women in ETFs.

“I am excited to join Yie-Hsin’s leadership organization and collaborate with the talented teams of individuals at State Street Global Advisors to help drive the firm’s growth and delivery of solutions for our clients,” Paglia said in a statement. “The firm’s commitment to client-centricity, innovation and investing for the future align perfectly with my approach in developing a robust strategy and creating long-term value.”

In addition to her strong ETF credentials, Paglia has a legal background, having studied law in Rome, London, and Northwestern University School of Law in Chicago. Her previous roles include head of legal at Invesco ETFs, a partner position at K&L Gates, and a legal position at Barclays Global Investors.

State Street recently cut fees on $78bn of ETFs in its core line.

“We are excited to welcome Anna to State Street Global Advisors as our chief business officer. In this important new role, I look forward to working closely with Anna to leverage her experience, strategic vision, and leadership as we seek to be the world’s leading partner and provider of investment exposures and tailored solutions for our clients,” Hung said in the statement. “With Anna’s depth of industry and ETF experience, she will be well-positioned to contribute