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State Street Appoints Craig Butterworth to Head of Fixed Income Sales for Europe, Middle East and Africa

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State Street Corporation, one of the world’s leading providers of financial services to institutional investors, today announced the appointment of Craig Butterworth to head of fixed income sales for Europe, Middle East and Africa.

Butterworth will lead State Street Global Market’s fixed income sales team and will be responsible for expanding its rates business with new and existing clients.

State Street Global Markets launched its fixed income rates business in 2010 in response to market demand and opportunities for integrated and diversified trading strategies. The business, which provides fixed income rates trading and sales coverage to institutional clients now has more than 60 front office professionals, primarily based in the UK and US.

“It is truly exciting to join State Street‘s fixed income rates business. I believe that with the combination of State Street’s unique investor behaviour research and existing client relationships we are on course to build a full service global rates business in the years ahead,” commented Butterworth. “We have a strong sales team in place who stand ready to provide our clients with a full range of services to meet their needs.”

Craig joins State Street from Royal Bank of Scotland (RBS) where he spent seven years and most recently held the position of managing director, head of Flow Rates Sales, UK Funds and Hedge Funds. Prior to RBS Craig worked at Goldman Sachs within the Fixed Income UK Fund Sales Desk.

Commenting on the appointment, Steve Smit, head of State Street’s Global Services and Global Markets businesses in the UK, Middle East and Africa said, “We are delighted that Craig has joined State Street, he has a strong track record within fixed income sales. We believe that State Street is perfectly positioned to capitalise on market opportunities given our global trading infrastructure, strong expertise, proprietary research and access to deep liquidity.”

Craig will be based in London and will report to Jon Thoresen, head of fixed income rates for Europe, Middle East and Africa, and Peter Turk, global head of fixed income sales.

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