Two of State Street Global Markets’ (SSGM) executives have left the firm, aiCIO reports. Ross McLellan served as global head of SSgM’s portfolio solutions group. Edward Pennings was head of SSGM’s Europe, Middle East and Africa solutions group.
The exits follow inquiries by a pension fund, which was not named, into fixed-income trading costs during a transition. Due diligence on the trade was carried out by London-based Inalytics, a consultant specializing in assessing manager performance.
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Edward Pennings Ross McLellan Africa solutions group State Street Global Markets portfolio solutions group