State Street to manage $130m for Shell Foundation
UK – The London-based Shell Foundation, an independent charity funded by holding companies of the Royal Dutch/Shell Group, has selected State Street Global Advisors (SSGA) to manage a US$130m (e144m) multi asset index mandate.
Tim Hollins, director of the Shell Foundation, comments: “We are very confident with our decision to appoint State Street Global Advisors to manage this mandate. We were impressed by their track record as a leading global index manager and their ability to provide the bespoke service that we need.”
The Shell Foundation supports projects of not-for-profit groups, non-governmental organisations and other qualifying bodies.
Nigel Wightman, managing director of SSGA in London, comments:
“We are proud to have been awarded this mandate and look forward to managing money for such a prestigious charity. We are committed to providing customised solutions that will meet our clients’ goals and objectives.”