Powers has over three decades of experience leading and advising firms in the investment management industry. From 2008 until his recent retirement in 2015, he was the president and chief executive officer of State Street Global Advisors. Before joining State Street, Powers was the president and chief executive officer of Old Mutual Asset Management, the U.S.-based global asset management business of Old Mutual plc. He has also previously held senior executive positions at Mellon Institutional Asset Management, BNY Mellon’s investment management business, and at The Boston Company Asset Management LLC.
Powers is a member of the Systemic Risk Council, an independent organization of leading financial and legal experts in the U.S. committed to addressing regulatory reform of capital markets that promotes stable financial markets. He is also a member of the Advisory Board of the U.S. Institute of Institutional Investors, an organization established to serve the asset management sector as an international “think tank” of senior executives.
Powers is a graduate of Harvard University with an A.B. in Economics.