2008-06-03 23:33:27 -
- Standard Life Investments (SLI), the global investment manager, today announced the appointment of Glen Petraglia as Senior Vice President - US Equities, of its subsidiary Standard Life Investments (USA) Limited (SLI USA). Mr Petraglia was previously a US Equity Analyst at Citigroup Investment Research in New York.
Based in SLI USA's office in Boston, Mr Petraglia will report
to Steve Weeple, Head of US Equities. Mr Petraglia will be responsible for identifying investment ideas within the consumer sector and managing a portfolio benchmarked to the S&P 500 Index. He will join SLI USA on Monday, 2nd June.
With Mr Petraglia's appointment, SLI now has a team of 10 US equity analysts based in Boston. Together the team manages approximately $7bn in assets under management (as at 03.31.08).
SLI USA was launched in 2002 to increase Standard Life Investments' coverage of the US equity market and to provide US investors with access to its private equity, global equity, real estate and absolute return strategies.
Commenting on the appointment, Steve Weeple said:
"We are delighted that Glen has agreed to join our team, and are excited about the insights he will bring. Glen has been a lead analyst at Citigroup for the last three years, and has developed a depth of knowledge and understanding within the consumer sector that we believe will be of enormous benefit to the portfolios we manage. He has strong relationships with management teams in the sector, as well as an acute perspective of what drives investors' perceptions towards these stocks.
"Glen's appointment continues the build out of our US equity team with high caliber individuals, and underscores our ability to attract and retain strong investment talent."
Concise CV - Glen Petraglia (picture available on request)
Education
BSc in Finance, Providence College, Rhode Island
Master of Business Administration, New York University, New York
Professional Experience
2005 - 2008 Restaurant Sector Analyst, Citigroup Investment Research
2000 - 2005 Airfreight & Surface Transportation Associate, Citigroup Investment Research
1998 - 1999 Senior Associate & Associate Brand Manager, Nabisco Specialty Products Company
1994 - 1996 Credit Associate, Smith Barney Inc.
ENDS
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NOTES TO EDITORS
1. With assets under management of $268.1bn (03.31.08), Standard Life Investments operates in the US -via its subsidiary SLI USA - the UK, Ireland, Canada and Asia. It also has representative offices in Germany, France, South Korea and Beijing, as well as operating in India through a joint venture HDFC AMC.
2. Standard Life Investments was launched as an investment management company in 1998. It is a wholly owned subsidiary of Standard Life Investments (Holdings) Limited, which in turn is a wholly owned subsidiary of Standard Life plc.
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