New global head of DC for State Street

Dave Ireland, one of the architects of State Street Global Adviser’s target date funds is returning to company as its new global head of defined contribution.

Business-Handshake-Meeting-Deal-Low-Angular-700x450.jpgIreland leaves Wellington Management to join the company where he previously spent a 13-year stint in roles that included senior investment strategist and portfolio manager for the global asset allocation team, where he was actively involved in designing and distributing SSGA’s TDFs

He will be responsible for developing SSGA’s £260bn global DC business, including all business development activities, product development, thought-leadership, marketing, and retirement-related public policy advocacy. Ireland will lead a global team of more than 40 employees, located in Boston USA, London and San Francisco.

He will be based in Boston, and will report to Barry F.X. Smith, head of the Americas Institutional Client Group.

Smith says: “The defined contribution market continues to expand, both in size and complexity. Plan sponsors and the participants they serve face many challenges as they seek the shared goal of a financially secure retirement. This includes providing the right investment choices, educational tools and plan features that help participants reach their goals. It will also soon include providing choices that help them manage the income from their savings throughout retirement. Dave is a leader who has been helping clients meet these challenges for many years and we are pleased to have him re-join SSGA to help us make retirement work for everyone.”