Office of the Fiduciary Advisor

The Office of the Fiduciary Advisor ("OFA") serves as a fiduciary advisor for defined benefit (DB) and defined contribution (DC) retirement plans and fills the role of an outsourced CIO for endowments and foundations. OFA helps create custom investment programs, improve the governance processes and provide administrative services. Our core team is a multi-disciplined group of investment professionals with an average of 18 years of experience that spans plan sponsor, portfolio management, treasury, financial and performance reporting, audit, legal and compliance competencies.

Grounded with State Street core custody and systems, OFA has delivered actionable advice that is backed by our strong fiduciary roots and the breadth and depth of services that State Street can provide for nearly 20 years. Our goals are to provide clients with excellent counsel on asset allocation, seek to improve funded status and risk-adjusted returns, streamline day to day management and rebalancing, and deliver exceptional client service. In short, working as a co-fiduciary, we manage your plans and foundations/endowments so that you can manage your core business more effectively.

Office of the Fiduciary Advisor
One Lincoln Street
Boston, MA 02111
(P) 617 664 3309

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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 a global leader in asset management. He is also a member of State Street's Management Committee, the company's senior-most strategy and policy-making team and sits on the State Street Major Risk Committee.


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 attended St. Paul's School and has an AB in Economics from Harvard College. Additionally, Scott is a trustee at Middlesex School, and a Board member of The United Way of Massachusetts Bay.

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Alyssa A Albertelli, Esq. Chief Compliance Officer State Street Global Advisors

Alyssa Albertelli is the chief compliance officer for State Street Global Advisors (SSgA). She is a member of the SSgA Executive Management Group and reports to the president and chief executive officer of SSgA and chief compliance officer of State Street Corporation.

Alyssa joined SSgA in March 2012 as a senior vice president and chief legal officer for SSgA Funds Management Inc. In that role, she was responsible for the legal teams supporting Global Product and Marketing and the US registered advisory, mutual fund, money market fund, and exchange traded fund businesses.

Previously, Alyssa was a partner at Ropes & Gray LLP and a member of the investment management practice for 15 years. She provided legal advice to investment companies, their independent directors and investment advisers. Alyssa also counseled clients in the establishment, registration and operation of retail and institutional fund products. She represented clients in merger and acquisition transactions, as well the post-merger integration of operations and products. In addition, she assisted clients experiencing or anticipating compliance, examination, enforcement or other regulatory issues with the Securities and Exchange Commission and other regulatory agencies. Prior to joining Ropes & Gray, Alyssa was an associate in the investment management group at K&L Gates for two years. She worked in finance in the mutual fund industry before attending law school.

Alyssa earned her Juris Doctor from Boston University School of Law, cum laude, and Master of Business Administration from Boston University School of Management. She earned her Bachelor of Arts in economics and finance from Simmons College.

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Amy E Armstrong Human Resources Business Partner State Street Global Advisors

Amy is a Vice President of State Street Global Advisors and a member of SSgA Human Resources team. Amy provides strategic HR support and consultation to the Investment organization globally. This includes talent management, succession planning and HR solutions that support the SSgA business vision.


Prior to her role as a Business Partner Amy was a senior staffing associate for SSgA responsible for all hiring domestically. Amy joined State Street Corporation in 2003 as a senior recruiter for the Corporate Information Technology groups and moved to SSgA in March of 2004. Prior to joining State Street, Amy worked in the staffing industry as a recruiter and business development manager.


Amy earned a Bachelors of Arts Degree in Communications from The Ohio State University in 1993.

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Lynn S. Blake, CFA CIO, Global Equity Beta Solutions State Street Global Advisors

Lynn is an Executive Vice President of State Street Global Advisors (SSgA) and CIO of Global Equity Beta Solutions. In this capacity, she oversees a team of 60 portfolio managers globally, and more than 1,000 portfolios with assets in excess of $1.1 Trillion across all equity index and advanced beta strategies. She also oversees SSgA's Corporate Governance and Global Proxy Voting as well as the Company Stock Group which manages fiduciary transactions and company stock investments, including company stock ownership and 401K plans. In addition, Ms. Blake is a member of the SSgA Fiduciary Committee, the Investment Committee, and the IT Steering Committee.


Prior to her current role, she was head of non-US markets of passive equities, responsible for overseeing the management of all non-US equity index strategies, as well as serving as portfolio manager for several equity index portfolios. She joined SSgA in 1987.


Ms. Blake holds her Master of Business Administration in finance from Northeastern University, and a Bachelor of Science from the Boston College Carroll School of Management. She also earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the Boston Security Analyst Society. Lynn also serves on various index advisory boards and committees.

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Marc P. Brown Chief Administrative Officer State Street Global Advisors

Marc is Chief Administrative Officer of State Street Global Advisors, a member of the Executive Management Group, SSgA's most senior executive strategy team, and an Executive Vice President of State Street Corporation. Marc is responsible for SSgA's global infrastructure including all operations, technology,data management and project management functions. He served as Deputy Director of SSgA's International Offices from 1999 to 2004, during which time SSgA's global business became an important component of its broad investment solutions capability. In 2005, Marc led SSgA's global strategy and product development efforts and in 2006, he also assumed responsibility for SSgA's client facing teams in the U.S, Canada and Latin America, before moving to his current CAO 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, 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 holds a BA in Economic and Governmental Legal Studies from Bowdoin College.

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Lochiel Cameron Crafter, CFA Head of Asia Pacific State Street Global Advisors

Lochiel is a Senior Managing Director and Head of Asia Pacific for State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and global leader in asset management. Based in Sydney, Lochiel oversees SSgA's business across the Asia Pacific region. Prior to this appointment in 2013 Lochiel was Head of Investments for Asia Pacific. Lochiel is a member of SSgA's Executive Management Group and is a board member of a number of SSgA operating entities.


Before joining SSgA in 2010, Lochiel was CEO of the Australian Reward Investment Alliance, he was also with SSgA for seven years as regional CIO for the Asia-Pacific region and has held other roles in the investment management industry.


Lochiel has earned the Chartered Financial Analyst designation and is a member of CFA Institute. He received an MBA from the University of Melbourne and a BS with First Class Honours, majoring in Statistics, from the University of New South Wales.

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Keith C Crawford, CPA Chief Financial Officer State Street Global Advisors

Keith Crawford is Chief Financial Officer of State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and a global leader in asset management. He is also a member of the Executive Management Group.


Keith joined SSgA after more than 12 years with State Street's Corporate Finance team, most recently as head of Corporate Advisory Services with oversight for global merger and acquisition (M&A) activity, including divestitures, joint ventures and minority investments. He managed and executed complex financial M&A transactions such as Intesa, Bank of Ireland Asset Management and Complementa.


Prior to joining State Street, Keith worked at Ernst & Young LLP, where he led an M&A team that performed due diligence for financial and strategic buyers seeking investment opportunities in various industries.


Keith is a Certified Public Accountant and holds a bachelor's degree in accounting from the University of Connecticut and a master's degree in finance from Rensselaer Polytechnic Institute (RPI).

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Maria F Dwyer, Esq. Chief Risk Officer State Street Global Advisors

Maria F. Dwyer is the Chief Risk Officer of State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and a global leader in asset management. Prior to joining State Street, Maria served as Chief Regulatory Officer of MFS Investment Management. In this capacity, she was responsible for the firm's compliance, fund treasury and operations risk management functions. She also was a member of the firm's Management Committee. Maria rejoined MFS in March 2004 from Fidelity Investments, where she held several senior management positions from 1996 to 2004. Most recently, she was President and Treasurer of the Fidelity Group of Funds.

Prior to that, she also served as Deputy Treasurer for the Fidelity Funds and Director of Investment Development. Before joining Fidelity, Maria served at MFS in a variety of senior roles from 1990 to 1996, including Chief Compliance Officer. Maria began her career in 1983 working for the Supreme Judicial Court of Massachusetts as a Law Clerk for Associate Justice, Joseph R. Nolan, followed by 5 years with Coopers & Lybrand in their Tax Department.

Maria is a member of the SSgA Executive Management Group (EMG), Senior Management Group (SMG) and Investment Committee. Maria received a Bachelor of Arts from the College of the Holy Cross, a J.D. from Suffolk University Law School and an L.L.M. in Taxation from Boston University Law School.

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Gregory A. Ehret Global Chief Operating Officer State Street Global Advisors

Greg is an Executive Vice President and Global Chief Operating Officer (GCOO) of State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and a global leader in asset management. As GCOO, Greg is responsible for SSgA's global client outreach, product, marketing, operations and technology. He is also a member of SSgA's Executive Management Group and is a member of the board of multiple SSgA operating entities and fund companies.


Prior to his appointment to GCOO in 2012 and since 2008, Greg was head of Europe, the Middle East, and Africa (EMEA) for SSgA, having moved to London in January 2007 to assume the role of Head of Sales and Distribution in EMEA. Greg is a 20 year veteran of SSgA and has held a number of executive positions in operations, sales, and product development including as co-head of the firm's industry leading SPDR ETF business.


Greg has a BA in Economics from Bates College and a MBA from Boston University.

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Daniel Farley, CFA CIO, Investment Solutions Group State Street Global Advisors

Dan is a Senior Managing Director of State Street Global Advisors, and the Chief Investment Officer for SSgA's Investment Solutions Group (ISG). In this role, he is responsible for the management and development of asset allocation strategies for institutional clients worldwide. His responsibilities include the design and management of Liability Driven Investments, tactical asset allocation and overlay strategies. He is a member of SSgA's Senior Leadership Team. Prior to this role, Dan was the Head of the US MACS team.



Dan holds a BSBA from Stonehill College and an MBA from Bentley College, and has earned the Chartered Financial Analyst designation. He is a member of CFA Institute and the Boston Securities Analyst Society. Dan has been a frequent speaker on the topics of asset allocation, liability driven investments and investment management for endowments/foundations. Dan also serves on the Board of Directors of the Crispus Attucks Children's Center in Dorchester, MA.


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Phillip S. Gillespie, Esq. General Counsel State Street Global Advisors

Phillip S. Gillespie joined SSgA in June 2008 as Executive Vice President and General Counsel. In that role, Phil is responsible for the global legal affairs of SSgA and oversees a team of experienced attorneys, paralegals and assistants located in Boston, London, Paris, Tokyo, Montreal, Hong Kong and Sydney. He is a member of SSgA's Executive Management Group.


Phil joined SSgA from OppenheimerFunds, Inc. (OFI) where he was Senior Vice President and Deputy General Counsel and responsible for the day-to-day operations of OFI's Legal Department. Prior to joining OFI in 2004, Phil was First Vice President - Legal Advisory at Merrill Lynch Investment Managers (MLIM), where he managed a team of attorneys and paralegals providing legal services and oversight for MLIM's U.S. based investment teams, operations and its U.S. registered fund business.


From 1993 to 1997, Phil was an attorney with the U.S. Securities and Exchange Commission (SEC) in its Washington, D.C. headquarters holding posts as Senior Counsel in the Legal Policy and Counseling Group of the SEC's Office of the General Counsel and as Senior Counsel in the Office of Chief Counsel of the SEC's Division of Investment Management.


Prior to joining the SEC, Phil was an associate in the corporate finance practice of the Seattle law firm, Perkins Coie, and started his legal career as a law clerk to the Honorable Charles Clark, Chief Judge of the U.S. Court of Appeals for the Fifth Circuit.


Phil is a graduate of Georgetown University's School of Foreign Service and earned his JD, magna cum laude, from Tulane Law School. He is a native of the state of Mississippi.

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Michael Karpik, CFA Head of EMEA State Street Global Advisors

Michael is a Senior Managing Director and Head of EMEA for State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and a global leader in asset management. He is also a member of SSgA's Executive Management Group, Chairman of the Board for SSgA Limited (UK) and is a member of the board for multiple SSgA operating entities and fund companies throughout Europe.


Prior to this appointment and since 2009, Michael was Head of Investments for EMEA as well as Head of UK, Middle East and Ireland. Michael moved to London in 1999 and has also had previous management positions in operations, product development and our Global Cash Investment group. He is a 25 year industry veteran and a 14 year veteran of SSgA.


Michael has a BS in Finance from Gannon University and is a Chartered Financial Analyst (CFA). 

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Richard Lacaille Chief Investment Officer State Street Global Advisors

Rick Lacaille, Executive Vice President is Global Chief Investment Officer (CIO) of State Street Global Advisors and a member of the firm's Executive Management Group. In his role as Chief Investment Officer Rick has responsibility for all investment management activity at SSgA, including research and trading. Prior to his current role, Rick was Head of Global Active Equities, and previously European CIO. Rick serves on the European and International Executive Committees and the SSgA Investment Committee. Before joining SSgA in 2000, he held a wide variety of posts in quantitative fund management and research at Gartmore Investment Management, including periods as Head of Quantitative Research and Head of Structured Equities.


Rick has a BSc(Hons) in Operational Research from Lancaster University and MSc in Econometrics from London Guildhall University.


Rick is a member of the FTSE Policy Committee and he sits on the Asset Management Committee of the Investment Management Association. He is a regular writer and broadcaster on investment issues and speaks frequently at industry conferences. 

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Bernard P. Reilly, CFA Global Head of Strategy State Street Global Advisors

Bernard is an Executive Vice President and Global Head of Strategy for State Street Global Advisors (SSgA). As Global Head of Strategy, he is responsible for working with the executive team on setting the strategic direction for the firm. He is also a member of SSgA's Executive Management Group (EMG) and is a member of the board of a number of SSgA operating entities in Asia Pacific.


Prior to his appointment as Global Head of Strategy, Bernard was head of Asia Pacific for SSgA, with business responsibility for the Hong Kong, Singapore, Tokyo, and Sydney operations. Bernard has over 23 years of industry experience with SSgA, working in Sydney and Hong Kong and holding a number of positions in operations, portfolio management and sales.


Bernard has a Bachelor of Economics degree with a major in Finance and Accounting from Macquarie University, Australia. He has earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute. 

Management Team
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Jamie R. Bartolome III Portfolio Analyst Fiduciary Services

Jamie is a Principal of State Street Global Advisors. He is a Portfolio Strategies Analyst in the SSgA Investment Solutions Fiduciary Services Group. In his role, Jamie is responsible for the daily operations, client reporting, information technology platforms and support to the Fiduciary Services Relationship Management Officers and the Investment Manager Oversight and Research team.


Prior to his joining the Fiduciary Services Group in 2004, he was a Senior Performance Associate in the SSgA Performance Measurement Group. He was responsible for the calculation, attribution and performance reporting for the Australian and New Zealand clients located in the SSgA Sydney location. Prior to this, Jamie was a Senior Performance Analyst in State Street's PrivateEdge Group. He was responsible for the performance reporting for Institutional Investor's investments in the Venture Capital, Real Estate and Natural Resource asset class. Before joining the PrivateEdge Group, he was a Senior Fund Specialist in SSgA's Mutual Fund Group.


Jamie received a Bachelor of Science degree in Finance from Northeastern University.

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Martha A. Donovan Director, Relationship Management Fiduciary Services

Martha is a Vice President of State Street Global Advisors and Director of Relationship Management for the Fiduciary Advisory Solutions (FAS) Group. Martha and her team provide customized advisory solutions to Defined Benefit, Endowment and Foundation clients. FAS takes a holistic approach to each client's portfolio, providing advice and managing the day-to-day work and coordination with respect to asset allocation, manager selection, governance and administration.

Martha joined SSgA in June 2004 bringing more than 20 years of investment, corporate finance, treasury and executive search experience to the firm. Prior to joining SSgA, Martha was a Vice President in executive search. In addition, Martha was Assistant Chief Administrative Officer at Putnam Investments. She was the Assistant Treasurer at CBS Inc., where she was responsible for cash management, capital markets and treasury operations. Martha also established an investment subsidiary for CBS Inc., managing a $3 billion fixed income portfolio and investment operations. Martha has held finance positions with Primerica, Computervision, and Honeywell.

Martha graduated from the University of Massachusetts with a BS in Accounting and received her MBA from the Frank W. Olin Graduate School of Business at Babson College.

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Matthew P. Kelley Senior Portfolio Strategist Fiduciary Services

Matthew is a Vice President of State Street Global Advisors and a Senior Relationship Manager within the Fiduciary Advisory Solutions (FAS) group. FAS provides customized advisory solutions to Defined Benefit, Endowment and Foundation clients. FAS takes a holistic approach to each client's portfolio, providing advice and managing the day-to-day work and coordination with respect to asset allocation, manager selection, governance and administration.


Matthew joined the FAS team in 1999 and was responsible for the daily operations of the team, handling both the trading and reporting on client accounts. He also assisted the manager team with manager searches and ongoing due diligence. Prior to joining FAS, Matthew was a senior analyst in the Performance and Analytics group, where he managed several junior analysts and handled client service for one of the group's largest clients. Matthew also worked as a financial controller in the Retirement Investment Services area that dealt primarily with 401(K) plans. He has been with the State Street organization for over 17 years.


Matthew holds a BSBA with a concentration in Economics from Merrimack College.

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Shawn P. McKay, CFA Portfolio Analyst Office of the Fiduciary Advisor

Shawn is a Principal of State Street Global Advisors. He is a Portfolio Strategist in the Fiduciary Services group within Investment Solutions at SSgA. His responsibilities include daily operations, data gathering for manager research, trading, and client reporting. Shawn has been with State Street since 1999. Prior to his joining the Fiduciary Services group in 2007, he was an AVP and Senior Public Reporting Analyst in the Corporate Finance group responsible for capital adequacy reporting to the Federal Reserve, as well as being a part of the Basel II implementation project. Prior to this Shawn held various positions in the Investor Services division.


Shawn holds a MS in Finance from the Sawyer School of Management at Suffolk University and a BBA in Finance from the University of Massachusetts at Amherst. Shawn has also earned the Chartered Financial Analyst designation, and is a member of the CFA Institute as well as the Boston Security Analysts Society.

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Jack L. Moore, CFA, CPA Senior Investment Strategist Investment Solutions Group

Jack is a Vice President of State Street Global Advisors and Senior Portfolio Strategist in the Investment Solutions Group. He is currently responsible for investment manager research, due diligence and oversight as well as asset liability evaluation, strategic asset allocation and investment policy design and implementation for clients of SSgA's Investment Solutions Group. Jack has been managing corporate defined benefit and defined contribution plans since 1984.

Prior to joining State Street Global Advisors in 1997, Jack was Assistant Treasurer at RR Donnelley & Sons Company and was an audit manager at Arthur Andersen & Co.

Jack holds a BBA in Accounting from the University of Wisconsin, Madison. He is a Certified Public Accountant and earned the Chartered Financial Analyst designation.

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Jie Qin, CFA Senior Investment Strategist Investment Solutions Group

Jie is a Vice President of State Street Global Advisors (SSgA) and a senior member of the Manager Research team within the Investment Solutions Group (ISG). Jie is also a voting member of the Investment Manager Oversight Team, which oversees the investment manager due diligence process and approves the addition or deletion of investment managers on behalf of ISG. Jie and his team employ an open-architecture manager model and utilize both qualitative and quantitative analysis in the evaluation, selection and ongoing due diligence of investment strategies across all traditional and alternative asset classes. Jie partners with the ISG Strategy team to construct client-focused solutions incorporating active, advanced beta and beta investment strategies in a risk-controlled framework.


Jie initially joined SSgA in 1998 and was the Chief Financial Officer and one of the founding directors of Schoolhouse Capital LLC, a 529 subsidiary of State Street Corporation initiated by SSgA. He oversaw the investment management and corporate finance functions at Schoolhouse Capital.


Jie holds an MS in Finance from the Carroll Graduate School of Management of Boston College and an MBA from Southern Illinois University at Carbondale. He is a member of the Boston Security Analysts Society and has earned the Chartered Financial Analyst Designation.