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Powers Named President And CEO Of SSgA Scott Powers has been named president and chief executive officer of State Street Global Advisors (SSgA). Powers was previously CEO of Old Mutual U.S., the U.S. operating unit of London-based Old Mutual plc. In his current position, Powers reports to Ronald E. Logue, chairman and chief executive officer of parent company State Street Corp. He has also been added to State Street’s Operating Group, the toplevel executive team responsible for the company’s direction. Powers succeeds SSgA’s interim president and CEO James S. Phalen, who is returning to his position as head of international operations for State Street’s investment servicing and investment research and trading businesses. Ades Leaves Dow Jones, Joins FTSE Ronnee Ades has left her position as senior director of institutional markets at Dow Jones Indexes and joined FTSE Group as the head of its “Alternatives” business unit. Currently, the index provider’s REIT, commercial property, hedge fund, private banking and infrastructure indexes fall into this bailiwick. Ades will be responsible for growing those areas and also for identifying new areas in alternative assets and investment that present opportunities for FTSE. She will be based in FTSE’s New York office and report to Paul Hansford, FTSE’s director of product management. While with Dow Jones Indexes, Ades was also the executive director of the Dow Jones Wilshire Indexes Technical Advisory Committee. Northern Trust Global Investments Gets New CEO Northern Trust has appointed Wayne Bowers as chief executive officer of Northern Trust Global Investments Limited, the Londonbased asset management subsidiary of Northern Trust Corporation. As CEO, Bowers is responsible for the continued growth and development of Northern Trust’s investment management business in Europe, the Middle East and Africa, and Asia- Pacific. He will report to Steve Potter, who was recently named president of Northern Trust Global Investments. Bowers joined Northern Trust in 1999 as director of Global Fixed Income, responsible for the London- based fixed-income portfolio management team. He was appointed chief investment officer for NTGI Limited in 2007 and has been acting CEO of NTGI Limited since December 2007. Prior to joining Northern Trust, Bowers was employed at ABN Amro Bank and Hambros Bank. BNP’s Abner Joins WisdomTree David Abner has been hired by WisdomTree Investments Inc. as director of Institutional ETF Sales. Mr. Abner joins WisdomTree from BNP Paribas, where he was the managing director heading up its ETF trading operations. Abner came to BNP Paribas in 2006 from Bear Stearns, where he was the head of the company’s ETF trading business. STOXX Re-Elects Chairman In April, European index provider STOXX Limited announced that Werner Bürki, a member of the management committee of the SWX Swiss Exchange and CEO of EXFEED Ltd., was re-elected for a second consecutive term as chairman of the STOXX supervisory board. The position of chairman is up for election annually. Mr. Bürki has been a member of the management committee of the SWX Swiss Exchange since July 2002 and the CEO of EXFEED Ltd. since October 2001. He joined the STOXX supervisory board in December 2002. The supervisory board is composed of one representative from each of STOXX Limited’s three joint venture partners: Deutsche Börse AG, Dow Jones & Company, and SWX Swiss Exchange AG. Zweig Named To Wall Street Journal Column The Wall Street Journal hired Jason Zweig, a senior writer and columnist for Money magazine, to be its new personal finance columnist. Zweig’s column will more or less fill the space vacated by Jonathan Clements’ “Getting Going” column; Clements left the Journal for Citigroup earlier this year. Zweig’s weekly column is set to debut July 1. Zweig is a noted fan of indexing. He is also currently a guest columnist for Time magazine. He was the mutual funds editor for Forbes before joining Money magazine in 1995. Zweig is the author of the recently published Your Money & Your Brain: How The New Science Of Neuroeconomics Can Help Make You Rich (Simon & Schuster, 2007), which looks at how neuroscience can be applied to investing. (An excerpt from Zweig’s new book, as well as an interview with the author, appears on page 10 in this issue of the Journal of Indexes.)
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