Mitchem is responsible for advancing SSgA’s $252-billion global defined contribution business, including product development, distribution, pricing, client service, operations, and marketing activities, a company announcement said.
She will also work closely with SSgA’s offices and investment centers worldwide to build a competitive defined contribution offering that is tailored to meet regional and country-specific requirements, the company said. Mitchem reports to Jamie Kase, executive vice president and head of Global Sales and Marketing at State Street Global Advisors.
“Defined contribution market growth is accelerating at a rapid pace and it’s critical to SSgA’s long term growth,” said Kase, in the announcement. “Plan sponsors and their participants face many challenges today including investment choices and the need for ongoing education to ensure sufficient retirement savings.”
Mitchem joins SSgA from BlackRock, where she most recently served as managing director and head of the US Defined Contribution business. Prior to this role, she was managing director and head of US Transition Services at Barclays Global Investors (BGI), where she was responsible for redirecting the transition services business and driving top line revenue growth (see “BGI Names US DC Business Chief”).
Before joining BGI in 2005, Mitchem worked at Goldman Sachs & Co for nine years in a variety of sales and trading roles.