On Jan. 19, 2022, State Street Global Advisors announced that CEO Cyrus Taraporevala will retire later this year. He is stepping down to pursue other interests outside of the firm, including work at nonprofit organizations and on corporate boards. Taraporevala will remain in place as acting CEO to ease SSGA's transition to his replacement, who has not been named. This announcement does not impact SSGA's Above Average Parent Pillar rating.
Will SPIB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPIB’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SPIB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SPIB’s parent organization’s priorities and whether they’re in line with investors’ interests.