State Street Expands ETF-as-a-Service Team with Layi Abiola Hire

State Street Investment Management has appointed Layi Abiola to a business development role within its NextGen unit, strengthening its ETF-as-a-Service platform aimed at wealth managers and active investment firms seeking to launch their own branded ETFs. Abiola joins the team led by Matteo Andreetto, bringing six years of experience in EMEA distribution at Jupiter Asset Management and Columbia Threadneedle, where he held investment and distribution roles. He also previously worked at AI startup Faculty. Launched in 2025, State Street’s ETF-as-a-Service offering provides white-label infrastructure that enables asset managers to bring investment strategies to market in an ETF structure without building their own operational capabilities. The appointment underscores State Street’s efforts to capitalize on growing demand for outsourced ETF infrastructure as more traditional asset managers enter the ETF market.