State Street Global Advisors Appoints Head of UK Defined ...

PRESS RELEASE / 08.11.12
Contact: Noreen Shah
Telephone +44 (0)20 3395 7073
www.statestreet.com
State Street Global Advisors Appoints Head of UK Defined Contribution
Expands DC Presence in UK as DC Assets Surpass DB Assets Globally
LONDON & BOSTON, 8 November 2012 — State Street Global Advisors (SSgA), the asset management business
of State Street Corporation (NYSE: STT), today announced the appointment of Nigel Aston to managing director and
head of UK defined contribution (DC).
In this newly created position based in London, Mr. Aston will report to Susan Raynes, senior managing director and
head of UK, Middle East and Africa and Fredrik Axsater, managing director and global head of defined contribution.
Commenting on the appointment, Raynes said: “SSgA’s commitment to bringing new thinking and comprehensive
solutions to the growing needs of DC schemes is precisely why we are delighted to welcome Nigel to the team. Nigel
has honed his DC and corporate pension expertise for more than 20 years and is a well recognised leader in the
industry. Nigel’s strong client service background combined with his experience in leading sales teams and driving
product development aligns well with SSgA’s dedication to building strategic relationships with DC schemes to help
them deliver effective, comprehensive solutions for future retirees.”
Axsater added: “Nigel’s appointment is a significant milestone for SSgA as we broaden our DC offering in the UK
market. The transformative trend within the global retirement landscape as DC assets outpace DB assets 1 signals a
vital need to understand how self-funded pension schemes can meet the needs of future retirees. Nigel shares
SSgA’s commitment to bringing innovative solutions to DC schemes—from investment solutions to plan design and
member communications.”
Prior to joining SSgA, Mr Aston was a business development director with data company DCisions, responsible for
sales and marketing, long-term commercial relationships, and product and service delivery. He was the key
company liaison with industry, government and regulatory bodies. His experience also included head of strategy and
propositions at Standard Life where he was responsible for defining and executing the firm’s DC pensions strategy
and a number of roles at AXA including investment strategy director and key account director within its corporate
benefit solutions division. He began his career at Sun Life as senior sales consultant. Nigel holds a bachelor’s
degree in English literature from the University College of Wales, Aberystwyth.
SSgA manages DC assets of more than US$235 billion globally.

PRESS RELEASE / 08.11.12
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.
1 Source: McKinsey Retirement Practice, estimated figures.
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