John Patrick Flannery

John Patrick (Sean) Flannery is an investment management expert with three decades of experience in international economics and the financial industry.[1] He is an Affiliate at the Weatherhead Center for International Affairs.[2] His current research there is focused on “the role of global deregulation in the current financial crisis and economic development in low-resource environments.”[2] For 2009-10, he was appointed as a Fellow of the program, and for 2010-11, as an Associate.[1]

He also collaborates with Corporate Knights Capital (Canada) and Meister Consultants Group (Boston) on investable sustainability opportunities.[3]

Early life

Flannery holds a B.A. in Economics from George Washington University.[3]

Career

State Street Global Advisors

After he graduated from George Washington University, Flannery sold and managed fixed income investments with several different financial firms for approximately sixteen years.[1] In September 1996, he joined State Street Global Advisors (SSgA), where he started as a product engineer[1] He eventually became the Executive Vice President of State Street Corporation and Chief Investment Officer for the Americas.[1] Between developed and emerging markets, Flannery managed almost US$2 trillion in assets under management across several markets.[1] He was also responsible for fundamental and quantitative investment disciplines, and all other research functions at the firm.[1]

As an Executive Management Group member he was responsible for business strategy and firm management.[1] Flannery was chair of the Technical Committee, which supervised investment strategies generated by quantitative models.[1] He also served on the Proxy Committee and the Investment Committee.[1]

Flannery played a key role in developing the Pan Asian Investment Fund , sponsored by the Executive Meeting of East Asian Principals (EMEAP), and has worked comprehensively with more than thirty central banks.[1] Outside of his investment and management portfolios, Flannery has taught at universities and industry conferences on topics related to investment and economics.[1]

SEC

In September 2010, Flannery and James D. Hopkins, former head of SSgA North American Product Engineering, were charged with misleading investors about the risks and concentration of subprime investments in State Street bonds funds.[4] Flannery and Hopkins opted not to settle and were cleared of all charges in October 2011 by Brenda Murray, the chief administrative law judge of the SEC.[5] She determined that the SEC did not show how Flannery and Hopkins' interactions with investors had broken any securities laws.[5] In her decision, Judge Murray noted that “Flannery has had an unblemished record in the industry and those who have worked with him believe him to be unusually honest, capable, and ethical.”[6]

Boards and honors

Flannery is Vice-Chairman of Corporate Knights Capital. He is a Director of the Ujenzi Trust, which addresses health challenges using sustainable solutions in sub-Saharan Africa and other low-resource locations.[7] The organization is associated with the Massachusetts General Hospital, where Flannery serves as Senior Economic Advisor to the Division of Global Health and Human Rights.[8] He also founded and is a Director of the African Institute for Innovation and Technology, located in Kisumu, Kenya.[1] Flannery is a member of the Panel of Advisors of the Climate Bond Initiative, the Network for Sustainable Financial Markets, and the Boston Committee on Foreign Relations.[1]

References
  1. “Sean Flannery” Archived 2014-01-20 at Archive.today, “The Network for Sustainable Markets”, 2014. Retrieved on 13 January 2014.
  2. , “WCFIA Fellows, Listed Alphabetically”], “Projects at Harvard”, 2013. Retrieved on 13 January 2014.
  3. “Sean Flannery: Chief Operating Officer” Archived 2014-02-01 at the Wayback Machine, “Meister Consulting Group”, 2014. Retrieved on 13 January 2014.
  4. “Former State Street Employees Charged for Misleading Investors About Subprime Mortgage Investments”, “U.S. Securities and Exchange Commission”, 30 September 2010. Retrieved on 13 January 2014.
  5. Frankel, Alison. “SEC loses again: Agency judge clears State Street execs”, “Reuters”, 31 October 2011. Retrieved on 13 January 2014.
  6. “INITIAL DECISION RELEASE NO. 438”, “U.S. Securities and Exchange Commission”, 28 October 2011. Retrieved on 13 January 2014.
  7. “Our Mission”, “Ujenzi Trust”. Retrieved on 13 January 2014.
  8. “Who We Are”, “Ujenzi Trust”. Retrieved on 13 January 2014.
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