SBD/9/Finance

STATE STREET WANTS TO BECOME SAFE ROAD FOR PRO ATHLETES

          MA-based State Street Research & Management Co. is
     creating a new division within its Private Client Group to
     provide investment management for professional athletes. 
     Run by former Bruin Derek Sanderson, State Street will offer
     its line of mutual funds and individually managed accounts
     to target the financial needs of pro athletes.  State Street
     President & CEO Ralph Verni: "Derek Sanderson is a well-
     known and highly regarded individual in both the sports
     world and business world. ... His knowledge and reputation,
     combined with our investment capabilities and experience,
     will make State Street Research the logical choice for
     professional athletes" (State Street Research).  In the
     FINANCIAL TIMES, John Authers reported that Sanderson
     "already has 90 clients under his wing, mostly from ice
     hockey," with combined projected salaries for the next year
     of $50M (FINANCIAL TIMES, 10/6).

Return to top

Related Topics:

Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug