People Moves

State Street’s head of SPDR ETF Rory Tobin to retire

Helped lead the SPDR ETF franchise to over $1trn AUM

Theo Andrew

rory article-image

Rory Tobin, ETF industry veteran and head of State Street Global Advisor’s (SSGA) ETF business, is retiring following a 35-year career in financial services.

Tobin (pictured) will step down from his role as global head of SPDR and head of EMEA in March next year following eight years at the company, five of which as the head of SSGA’s ETF business.

During his time at SSGA, Tobin is credited with leading the SPDR ETF franchise that has grown to more than $1trn assets under management (AUM).

SSGA said Tobin will continue to lead the business until a successor is named.

He joined the business in 2014 as head of European distribution before co-leading the global SPDR ETF business from 2016 to 2018, at which point he took over the reins completely.

Prior to this, he spent two years at Barclay’s Wealth and Investment Management as managing director in their global investments and solutions division.

Tobin’s ETF pedigree was developed during a six-year stint at BlackRock, first as head of global index markets group for EMEA, before coming CEO of iShares Europe and later co-CEO of the global iShares business.

Before joining BlackRock in 2004, Tobin also held roles at Goldman Sachs and JP Morgan.

In a statement, SSGA said: “His career has spanned 35 years, the past eight with SSGA, where among his many accomplishments he has led our successful SPDR ETF franchise that has grown to more than $1trn AUM.

“We thank Rory for his outstanding leadership and appreciate his continued commitment to SSGA through an extended transition until his successor is named.”

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