Leadership Team

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Scott F. Powers

President and CEO
State Street Global Advisors

Scott is President and Chief Executive Officer of State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and the largest institutional asset manager in the world. He is also a member of State Street's Operating Group, the company's senior-most strategy and policy-making team.

Prior to joining State Street in May 2008, Scott served as CEO of Old Mutual US, the US operating unit of London-based Old Mutual plc. During his seven-year tenure at Old Mutual, he was one of six senior executives overseeing the worldwide operations and was also a member of Old Mutual's executive committee, where he was actively involved in the development and execution on overall business strategy.

Previously, Scott held senior management positions at Mellon Institutional Asset Management and The Boston Company Asset Management. While at The Boston Company Asset Management, he served as Chief Operating Officer and Head of Marketing and Client Services. Scott began his career as a financial services advisor with Dean Witter Reynolds.

Scott has a BS in Economics from Harvard College. Additionally, he is an Incorporator of Cardigan Mountain School.

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Marc P. Brown

Chief Marketing Officer
State Street Global Advisors

Marc is the Chief Marketing Officer of State Street Global Advisors and an Executive Vice President of State Street Corporation. He oversees the formulation and integration of SSgA's global strategy efforts alongside its client and prospect outreach in the U.S., Canada and Latin America. He is a member of the Executive Management Group, Fiduciary Review Committee and Information Technology Steering Committee. Marc served as Deputy Director of SSgA's International Offices from 1999 to 2004, assisting the growth of SSgA's global business to a leadership position.

Marc joined SSgA in 1999 from State Street Corporation, where he worked for 18 years. In 1989, he established the Investment Manager Services Division, which provided transaction processing and relationship support to the investment managers contracted by State Street's institutional clients. In this role, Marc partnered with many large investment managers to formulate their strategic infrastructure and straight-through processing plans.

Prior to this in 1987, Marc managed State Street's global subcustodian network. He assumed this position after serving a variety of roles in the Global Custody Department and U.S. Master Trust Division.

Marc earned a Bachelors degree in Economic and Governmental Legal Studies from Bowdoin College.

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Shawn C.D. Johnson

Director
Institutional Fiduciary Services

Shawn is a Managing Director of State Street Global Advisors. He is the Chairman of the SSgA Investment Committee and Director of Institutional Fiduciary Services. Shawn is also a member of State Street Corporation's Major Risk Committee as well as SSgA's Independent Fiduciary Committee and the SSgA/Tuckerman Real Estate Investment Committee.

In addition to managing SSgA's team of economists and strategists, Shawn oversees SSgA's Advanced Research Center, Product Engineering as well as private equity investments, including CitiStreet, Wilton, ADCM and SSgI (Italy). He is also responsible for SSgA's merger and acquisition activities globally. Additionally, Shawn is currently the Vice Chairman of the Financial Services Sector Coordinating Council (FSSCC), the private sector organization that coordinates homeland security issues with federal financial regulators.

Prior to joining SSgA, Shawn was Vice President of Business Development for MGA Software; a Manager for Braxton Associates, Deloitte & Touche's Corporate Strategy Consulting Group; President of TMT Software Company; and a Manager for General Electric's Aerospace Business Group. He also served as an Intelligence Officer with the United States Naval Reserve.

Shawn earned a BS in Aerospace and Ocean Engineering and an MS in Electrical Engineering from Virginia Polytechnic Institute and State University (Virginia Tech), as well as an MBA from the Amos Tuck School of Dartmouth College. Shawn is also a trustee of Berea College.

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Mark J. Lazberger, CFA

President, SSgA International
State Street Global Advisors

Mark is President, SSgA International and Executive Vice President of State Street Global Advisors. Prior to this, he was Head of International Businesses, President and CEO of State Street, Japan and a Principal and Regional Managing Director of SSgA's businesses in Japan and Australia. Mark joined SSgA in early 1993 after spending two years with State Street Corporation's treasury area.

Before joining State Street, Mark worked at the State Authorities Superannuation Board, Citibank, and the CRA group. Mark was also Inaugural President of the Sydney Society of Financial Analysts (SSFA), and is a former board member of the Japan Society of Investment Professionals (currently, CFA Society of Japan).

Mark has a Bachelor of Commerce from the University of Western Australia, earned the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute.

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Peter G. Leahy, CFA

Chief Product Officer
State Street Global Advisors

Peter is an Executive Vice President of State Street Corporation and Chief Product Officer of State Street Global Advisors (SSgA), the investment management group of State Street Corporation. In this role, Peter oversees the New Product Development team, reviewing SSgA's existing products and strategies as well as managing the array, content and timing of strategies which SSgA seeks to create and distribute. Peter also oversees product management and marketing within the Intermediary Business Group, SSgA Funds Management and State Street Global Alliance, LLC.

Peter is a member of SSgA's Executive Management Group and the State Street Global Advisors Capital Management Board and is Vice Chair of the SSgA Investment Committee. He also serves on the Board of Directors for CitiStreet, State Street Global Alliance, LLC, SSgA Funds Management, Inc. and State Street Global Markets.

Joining SSgA in 1991 as a member of the Global Structured Products group, Peter then managed the group from 1996 to 2004. In 2004 he oversaw the Finance, Technology, Operations and Human Resource functions for State Street Global Advisors worldwide. Prior to joining SSgA, Peter worked at Bankers Trust Investment Management in the derivative products and index management groups. Earlier in his career, he was a Research Analyst at Foster, Dykema, Cabot & Company in Boston.

Peter holds a BA in Economics from Middlebury College and an MBA in Finance from the University of Chicago. He earned the Chartered Financial Analyst designation and is a member of the FTSE Equity Index Committee and the S&P Index Advisory Panel.

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Alistair Lowe

Global Asset Allocation and Currency CIO
Global Asset Allocation

Alistair is an Executive Vice President of State Street Global Advisors. He is the Global Asset Allocation and Currency CIO, responsible for the management and development of asset allocation and currency strategies for institutional clients worldwide. His responsibilities include the design and management of portable alpha and other overlay strategies.

Previously, Alistair was head of the Investor Solutions Group at SSgA, which specializes in tax-efficient indexing and efficient implementation of active equity strategies. He is a member of SSgA's Investment Committee and Executive Management Group. Alistair, who has been working in the investment management field since 1985, joined SSgA in 1996 from NatWest Investment Management, Inc.

Alistair earned an undergraduate degree in Economics and a post-graduate degree in Computer Science at Cambridge University (Churchill College), UK.

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Mark A. Marinella, CFA

Fixed Income CIO
Global Fixed Income

Mark is an Executive Vice President of State Street Global Advisors. He is the Global Fixed Income CIO, responsible for all fixed income strategies and products as well as extending SSgA's leadership position in new innovative areas such as liability driven investments (LDI). Mark has more than 20 years of fixed income experience.

Prior to joining State Street , Mark was head of cash management for BlackRock providing leadership for over $75 billion in Institutional Money Market assets and responsible for portfolios management, business development and client service. Between 2003 and 2005 he was Chief Investment Officer for State Street Research and Management, in charge of the fixed income group, where he provided significant leadership and is credited with developing an inclusive and highly customer-focused culture. Mark spent almost 10 years at CS First Boston in the fixed income trading area where he was responsible for expanding CSFB's institutional fixed income business before becoming a fixed income portfolio manager in 1995.

Mark earned the Chartered Financial Analyst designation. He holds an MA in Marketing and Finance from Boston College and a BA in Economics from the University of Massachusetts, Boston.

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Steven R. Meier, CFA, FRM

Cash CIO
Global Cash

Steven is an Executive Vice President of State Street Global Advisors and is the Global Cash CIO. Steven, who joined SSgA in 2003, has more than 25 years of experience in the global cash and fixed income markets. Previously, he headed the firm's North American Cash and Securities Lending Cash Collateral portfolio management activities.

Prior to joining SSgA, Steven was a Senior Managing Director in State Street's Global Markets group responsible for developing its global fixed income business. He also served as Chief Operating Officer of State Street's electronic bond trading subsidiary, Advanced Auctions LLC, and was a member of its European subsidiary's Board of Directors. He received extensive capital markets experience and held senior positions in trading and investment banking in New York and London while working for Merrill Lynch and Credit Suisse First Boston for nearly 12 years. He also served on TradeWeb LLC's Executive Board while head of CSFB's global electronic trading unit. In addition, he was a senior global bond Portfolio Manager with Oppenheimer Capital and member of its Fixed Income Strategy Group.

Steven is a member of SSgA's Executive Management Group (EMG), Senior Management Group (SMG) and Investment Committee. He has earned the Chartered Financial Analyst designation, is a certified Financial Risk Manager (FRM), a member of the Boston Security Analysts Society, the Association for Investment Management and Research (AIMR) and the Global Association of Risk Professionals (GARP).

He holds a BBA from Hofstra University, an MBA from Indiana University's Graduate School of Business and an Advanced Certificate of Investment Management from the London Business School.

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Arlene M. Rockefeller, CFA

Equities CIO
Global Equities

Arlene Rockefeller, CFA, is an Executive Vice President of State Street Global Advisors and is the Global Equities CIO. She has served as Senior Managing Director for Global Equities for the past three years.

Arlene joined SSgA in 1982 and has served in a variety of positions. As head of the US Structured Products Group, she was instrumental in developing trading strategies for index changes, quantitative management of taxable strategies, exchange traded funds and portfolio construction methodologies. She has also led an Enhanced Investment Strategies group and was appointed to lead the Evaluation Group, an independent group responsible for analyzing and improving on performance attribution for active and enhanced equity portfolios. She is a member the SSgA Investment Committee, the Investment Board of the Tuckerman Group and a member of SSgA's Executive Management Group.

Arlene holds a BA in Statistics and an MS in Informational Science from the University of Chicago. She also holds an MBA, with honors, from Boston University and earned the Chartered Financial Analyst designation.

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