State Street Global Advisors Elevates Olivia Engel to New Senior Role

Engel comes to the US from Australia, stepping into the newly created role of Deputy Chief Investment Officer.

State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), has appointed Olivia Engel to the newly-created role of Deputy Chief Investment Officer for its Global Active Quantitative Equities (AQE) team, according to a group statement.

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Ms. Engel is already an integral component of SSGA’s team, working as its Head of Active Quantitative Equity in the Asia-Pacific (APAC) region. Per the new appointment, she will be relocating from Australia to Boston next month to begin her new role. In this capacity she will be working with Ted Gekas, chief investment officer of the Active Quantitative Equities team at SSGA.

In her new role Ms. Engel will be adding to her current responsibilities expanded duties that will include the oversight of the broader AQE research agenda, portfolio management, and product innovation.

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She has been a part of SSGA in Australia for over six years, having previously worked at several senior-level investment management positions at GMO, Colonial First State Global Asset Management, and Commonwealth Investment Management.

According to Rick Lacaille, Chief Investment Officer at SSGA, in a statement on the appointment: “In today’s market environment, heavily influenced by macro events and political uncertainty, investors are seeking innovative strategies that can exploit the breadth of the investment universe.”

Olivia Engel
Olivia Engel

“I am confident that in Olivia’s expanded role she will build upon the great success she has had at SSGA. Her strong leadership skills and extensive knowledge of the active quantitative equity space and the challenges facing our clients today make her a natural fit to step into this role,” he added.

“Growing inflows to our benchmark-unaware strategies demonstrate that investors are exploring alternative ways of constructing portfolios to achieve efficiency with their fee budget and low redundancy across their equity investments,” explained Ms. Engel in an accompanying statement.

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