| Client Base SSgA is committed to servicing clients in Germany, Austria, the Czech Republic and
Poland. Our client base is diverse and includes public and corporate pension funds, multinational corporations,
insurance companies, foundations, financial institutions, and religious organisations as well as central banks.
An important segment of our client base includes third party distributors such as fund-of-funds managers,
private banks, e-banks and brokers. We continuously monitor and analyse the fast-changing local and global
investment environment to provide informed advice and capitalise on opportunities often overlooked by other
managers. Together with regular feedback from clients and our own rigorous ongoing research, we formulate and
develop new ideas and products to add value for clients within this dynamic financial landscape.
Global Strength SSgA in Germany is an integrated part of the worldwide SSgA network. We leverage the
full resources of SSgA in adapting global investment solutions to German and Austrian requirements. SSgA's
global investment network extends into local markets worldwide and enables us to capitalises on new investment
opportunities. We have offices, operations and research capacity in all major markets. The combination of our
size and diverse client base generates cross-trading opportunities and potential cost-savings for our clients.
We provide broad expertise in managing strategies across virtually every asset class, capitalization range,
investment approach, region and style. These strategies are available in passive and active management styles,
and can be implemented through segregated or pooled vehicles.
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Local Expertise One of our key goals over the years has been to build a strong team of local
professionals who understand client needs and local market conditions. Our insight and perspective into local
regulatory requirements and business practices enables us to understand these needs and provide optimal
olutions. We also have the advantage of being able to draw upon SSgA's worldwide investment professionals and
state-of-the-art technology.
Commitment to Client Service We have a dedicated team in Germany whose exclusive responsibility is to report to and
work closely with clients in order to meet their individual requirements. We consider our ability to develop
investment solutions to meet the changing needs of our clients paramount to our success. Excellent client service
is embedded in SSgA's culture.
Investment Solutions We manage a broad range of products for our institutional clients. Our mandates have
grown at a significant pace, and include passive, enhanced and active equity (employing both fundamental and
quantitative approaches), tactical asset allocation and overlay as well as passive and enhanced bonds.
Moreover, SSgA in Germany offers SSgA's full product menu to its German and Austrian clientele, adjusted for
specific regulatory requirements and client needs. Most of our mandates are managed or sub-advised at a
Master-KAG within a "Spezialfonds" on a segregated basis. Alternatively, we manage deposited securities or
offer implementation on the basis of cost efficient pooled vehicles.
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| State Street Global Advisors GmbH is authorised and regulated in the conduct of
investment business by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Transition Management is offered
through State Street Bank Europe Ltd., which is prudentially regulated in the UK by the Financial Services Authority
(FSA). The services described on this web page are intended to be made available only to persons in Germany and Austria, and the information on this web page is only for such persons. Nothing on this web page shall be considered a solicitation to buy or an offer to sell a security to a person in any jurisdiction where such offer or solicitation would be unlawful under the securities laws of such jurisdiction. |