Today, Systemic Risk Council (SRC) chairman Sheila Bair welcomed Scott Powers as the newest member of the Council:
“Scott Powers is an expert on systemic risk, financial markets and investor protection. I am pleased and honored that he has agreed to bring his valuable perspective to the Systemic Risk Council.”
Scott Powers is president and chief executive officer of State Street Global Advisors (SSgA), the investment management arm of State Street Corporation and one of the largest institutional asset managers in the world. Mr. Powers is also a member of State Street’s Management Committee, the company’s senior-most strategy and policy-making team.
Prior to joining State Street in May 2008, Mr. Powers served as chief executive officer of Old Mutual US, the US operating unit of London-based Old Mutual PLC.