OFFICIAL INSTITUTIONS GROUP. Trusted Partner for Sovereign Investors

Transcription

1 OFFICIAL INSTITUTIONS GROUP Trusted Partner for Sovereign Investors

2 Official Institutions Group YOUR TRUSTED PARTNER SSGA s Official Institutions Group is dedicated to managing assets on behalf of sovereign wealth funds, central banks, supranationals and other public sector clients. Offering a full range of investment capabilities from passive to active management, our team collaborates with you to understand your distinct investment challenges, respond to your immediate needs and help you better prepare for the future. GLOBAL REACH, LOCAL PRESENCE Many sovereign clients face similar challenges and have analogous objectives, whether based in the developed or emerging world. SSGA s Official Institutions Group recognizes this and provides our clients with a single point of contact and dedicated relationship management team. This continuous global coverage by our relationship management team, paired with our senior management team s expertise and experience, enables us to offer innovative services and solutions to our clients. SOVEREIGN ASSET MANAGEMENT EXPERTISE SSGA is recognized as one of the largest asset managers of official assets. 1 With informed insights on strategic policy issues and expertise in the official sector, we work with our clients to design customized client-centric solutions, tailored to the diverse and evolving needs of your organization. COMPREHENSIVE SOLUTIONS We tailor investment strategies and solutions to meet the specific needs of our clients, including: A full range of asset classes (cash, fixed income, credit, securitized products, currency, equity, real estate), investment strategies as well as tailored investment solutions. Strategy and policy advice for those managing public sector assets. 1 Pensions and Investments Research Center, 31 December Updated annually. 2

3 Our suite of solutions for the official sector goes beyond pure investment services we also provide research, thought leadership, technical advice, client training, and skills transfer. State Street Global Advisors 3

4 STRONG GLOBAL TRACK RECORD OF PARTNERSHIPS We are chosen by governments to manage a range of complex asset programs. Some examples include: G3 National Treasury Agency Mortgage Backed Security (MBS) purchase and disposition programs Designed and implemented strategic approach to purchasing MBS and later transferring the multibillion USD portfolio back into the market Supported policy objectives and minimized market disruption in a complex fiscal environment State Fund of an Oil-exporting Nation Asset management across multiple asset classes. Tactical advice and recommendations. G3 Central Bank Asset-backed securities purchase program. Segregated portfolio management team to implement Central Bank credit easing policy. EU State Pensions Reserve Fund Advice on investment strategy and funding. Discussion on legislative issues. Asian Central Bank Design, creation and management of equity disposal ETFs and bond development ETFs. Advice on portfolio construction, custody, operational, systems support and other issues. Training and skills transfer. Emerging Economy Central Bank Management of national reserve fund. Advice on strategic benchmark setting. Training and skills transfer. 4

5 Macro-Economic and Policy Research In-depth, focused research is the foundation of our business, particularly when developing solutions for our clients. Our clients have access to SSGA s extensive expertise, systemic research, detailed analytic insight and best ideas across asset classes, regions and vehicles. Investment Solutions Major market developments in recent years, have forced the official sector to re-examine traditional investment approaches and processes to better position their investment activities for the future. SSGA s Official Institutions Group is here to help navigate the changing geo-political and economic landscape and to share insights into current best practices in global reserve management. Due to the breadth of our client base, we have significant insights into the challenges and trends facing our clients, as well as their strategies and solutions, allowing us to share best practices throughout the industry. Our dedicated Chief Investment Strategist works with our investment teams to develop investment themes, strategies and solutions focused towards our official sector clients. Our Chief Investment Strategist and our Policy and Research team also provide important insights for public investors focusing on the intersection between monetary and fiscal policy, macroeconomics and financial markets. In addition to our core objective of helping sovereign clients manage their reserves more efficiently, we have developed a repository of expertise for other issues of concern to the official sector, including organizational governance, financial stability, systemic risk in the financial sector and the development of local capital markets. State Street Global Advisors 5

6 Official Institutions Group SHARING OUR EXPERTISE We offer clients a wide range of training and knowledge transfer opportunities including a program specifically tailored to the official institutions sector. Our goal is to design training sessions that provide relevant, timely and valuable knowledge for our clients, helping them navigate the growing complexity of policy issues, global macro trends and the capital markets. While our focus is to partner with clients to deliver on investment services, our training capabilities play a pivotal role in building strong and collaborative relationships with clients, helping them meet their objectives. Examples of formal training include customized training and events that provide valuable networking opportunities with peers and a place to collaborate, discuss challenges and share strategies. As one of the largest asset managers in the world, we have the resources to draw on our strong team of senior experts, who are among the most experienced and renowned specialists in their fields to create training programs that reflect our ethos of excellence. TRULY GLOBAL Training may take place at our client s offices and/or at any of SSGA s global offices. To capitalize on the breadth of resources located in our offices we undertake regular training programs in many of our global offices. SSGA has 21 offices world-wide, with investment centers in Boston, London, Hong Kong, and San Francisco. EXPERT INSIGHT Direct access to the deep knowledge, technical advice and training services of our numerous subject matter experts within SSGA, including: Exchange Traded Funds Fixed Income, Currency and Cash Smart Beta Global Equity Beta Solutions Investment Solutions Group CUSTOMIZED PROGRAMS We take a collaborative approach with each client to ensure all programs achieve the desired results. Each session is comprised of up-to-date, well-researched content drawing on our worldwide network. Training sessions incorporate real-life case studies, practical exercises and interactive discussions to equip our clients with applicable tools and actionable ideas. 6

7 DEDICATED TEAM OF EXPERTS SSGA's Official Institutions Group's core team works closely with dedicated global relationship managers and acts as a specialist knowledge centre for all client-facing units and investment teams that interact with this sector. Unique among the industry, we follow a three-pronged approach to pooling specialist expertise: CLIENT STRATEGY INVESTMENT STRATEGY MACRO/POLICY RESEARCH Louis de Montpellier Global Head of Official Institutions Group Kristina Sowah Senior Business Analyst Hon Cheung Chief Investment Strategist Shivani Mann Communications Officer Carl Riedy Regional Head, Americas Suzanne Schwartz Business Intelligence, Institutional Client Group Elliot Hentov Head of Policy and Research Winner of the Central Banking Awards 2016 and For more information please contact us on OIGTeamSSGA@ssga.com 2 The Central Banking awards are designed to recognize excellence in the central banking community. Submissions described why an institution deserved an award through a selection of case studies describing solutions and benefits offered to its official institution clients. Judges required client references as part of the due-diligence process. All information sent to the judging panel was held in strictest confidence. Web link: State Street Global Advisors 7

8 About Us For nearly four decades, State Street Global Advisors has been committed to helping our clients, and the millions who rely on them, achieve financial security. We partner with many of the world s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivalled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions. State Street Global Advisors is the investment management arm of State Street Corporation. *Assets under management were $2.4 7 trillion as of 31 December Please note that AUM totals are unaudited. ssga.com Marketing Communication. For Public Use. State Street Global Advisors Worldwide Entities Australia: State Street Global Advisors, Australia, Limited (ABN ) is the holder of an Australian Financial Services Licence (AFSL Number ). Registered Office: Level 17, 420 George Street, Sydney, NSW 2000, Australia. T: F: Belgium: State Street Global Advisors Belgium, Chausse de La Hulpe 120, 1000 Brussels, Belgium. T: , F: SSGA Belgium is a branch office of State Street Global Advisors Limited. State Street Global Advisors Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Canada: State Street Global Advisors, Ltd., 770 Sherbrooke Street West, Suite 1200 Montreal, Quebec, H3A 1G1, T: and 30 Adelaide Street East Suite 500, Toronto, Ontario M5C 3G6. T: Dubai: State Street Bank and Trust Company (Representative Office), Boulevard Plaza 1, 17th Floor, Office 1703 Near Dubai Mall & Burj Khalifa, P.O Box 26838, Dubai, United Arab Emirates. T: +971 (0) F: +971 (0) France: State Street Global Advisors France. Authorised and regulated by the Autorité des Marchés Financiers. Registered with the Register of Commerce and Companies of Nanterre under the number: Registered Office: Immeuble Défense Plaza, rue Delarivière-Lefoullon, Paris La Défense Cedex, France. T: F: Germany: State Street Global Advisors GmbH, Brienner Strasse 59, D Munich. T: +49 (0) F: +49 (0) Hong Kong: State Street Global Advisors Asia Limited, 68/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. T: F: Ireland: State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Incorporated and registered in Ireland at Two Park Place, Upper Hatch Street, Dublin 2. Registered Number: Member of the Irish Association of Investment Managers. T: +353 (0) F: +353 (0) Italy: State Street Global Advisors Limited, Milan Branch (Sede Secondaria di Milano) is a branch of State Street Global Advisors Limited, a company registered in the UK, authorised and regulated by the Financial Conduct Authority (FCA ), with a capital of GBP , and whose registered office is at 20 Churchill Place, London E14 5HJ. State Street Global Advisors Limited, Milan Branch (Sede Secondaria di Milano), is registered in Italy with company number R.E.A and VAT number and whose office is at Via dei Bossi, Milano, Italy. T: F: Japan: State Street Global Advisors (Japan) Co., Ltd., Japan, Toranomon Hills Mori Tower 25F, Toranomon, Minato-ku, Tokyo, T: +81 (0) Financial Instruments Business Operator, Kanto Local Financial Bureau (Kinsho #345) Membership: Japan Investment Advisers Association, The Investment Trust Association, Japan, Japan Securities Dealers Association. Netherlands: State Street Global Advisors Netherlands, Apollo Building, 7th floor Herikerbergweg CN Amsterdam, Netherlands. Telephone: SSGA Netherlands is a branch office of State Street Global Advisors Limited. State Street Global Advisors Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Singapore: State Street Global Advisors Singapore Limited, 168, Robinson Road, #33-01 Capital Tower, Singapore (Company Reg. No: D, regulated by the Monetary Authority of Singapore). T: F: Switzerland: State Street Global Advisors AG, Beethovenstrasse. 19, Postfach, CH Zurich. T: +41 (0) F: +41 (0) United Kingdom: State Street Global Advisors Limited. Authorised and regulated by the Financial Conduct Authority. Registered in England. Registered Number: VAT Number: Registered Office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. T: F: United States: State Street Global Advisors, One Lincoln Street, Boston, MA The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA s express written consent State Street Corporation. All Rights Reserved. ID8753-INST-7365 Exp. Date: 28/02/2018