STATE STREET GLOBAL ADVISORS
JETINDER LALI , CHIEF DIGITAL OFFICER AT STATE STREET , DISCUSSES THE COMPANY ’ S DIGITAL TRANSFORMATION OF ITS LEGACY SYSTEMS AND ADOPTION OF INNOVATIVE TECHNOLOGY
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T hroughout his 25-year career , Jetinder Lali has been in the asset management industry , working for some of the largest asset managers in the world , including JP Morgan , BlackRock and UBS . “ After becoming somewhat of a veteran within the industry I joined State Street Global Advisors as the Chief Digital Officer .”
Lali describes State Street Global Advisors as the third largest asset manager in the world and a part of the world ’ s largest custodian . In 1993 State Street Global Advisors invented the world ’ s first exchange-traded fund ( ETF ), which has since grown to US $ 6trn organically . “ We are innovators , we are leaders and we are collaborators .”
Currently in the world of asset management , Lali has seen a shift within the sector that has seen technology taken more seriously . “ It has become standard practice that digitalisation is either at the top , or is one of the top priorities of large asset firms . This is a direct result of our customers seeking more digital ways to engage with businesses . Data is also critically important and a challenge for the industry .”
SEPTEMBER 2020